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New home sales surged 20.7% in March to 1.02 million

New home sales surged 20.7% in March to 1.02 million

WASHINGTON — Sales of new homes surged 20.7% in March to the highest level since 2006, rebounding from a sharp decline the previous month when severe winter storms wreaked havoc in many parts of the country.
Sun Life buying U.S. company Pinnacle Care International for $108 million

Sun Life buying U.S. company Pinnacle Care International for $108 million

TORONTO — Sun Life Financial Inc. has signed a deal to buy U.S. company Pinnacle Care International Inc. for $108 million. PinnacleCare helps people access an initial or second medical opinion to make treatment decisions for complicated diagnoses.
In absence of mandated paid sick days, some companies are stepping up

In absence of mandated paid sick days, some companies are stepping up

As it becomes increasingly clear that workplaces are a key transmission location in the third wave of the COVID-19 pandemic, some Canadian employers are offering paid sick leave to their employees in the absence of government action.

COVID-19 takes a big bite out of Highway 407 traffic, revenues and profits

TORONTO — An increase in COVID-19 infections and restrictions in the Toronto area have resulted in a dramatic reduction in traffic on the Highway 407 toll road. The company that operates the freeway, 407 International Inc.
Amazon, Maple Leaf Foods, Maple Lodge Farms to hold vaccine clinics in Peel Region

Amazon, Maple Leaf Foods, Maple Lodge Farms to hold vaccine clinics in Peel Region

TORONTO — Peel Region says Amazon, Maple Leaf Foods and Maple Lodge Farms will hold on-site vaccine clinics for workers in the coming weeks.

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (19,031.64, down 111.61 points.) Pine Cliff Energy Ltd. (TSX:PNE). Energy. Down one cent, or 3.7 per cent, to 26 cents on 12.
North American stock markets fall on report of near doubling of U.S. capital gains

North American stock markets fall on report of near doubling of U.S. capital gains

TORONTO — North American stock markets moved lower Thursday on a report that U.S. President Joe Biden is planning to nearly double the capital gains tax on wealthier Americans.
New emission-cutting goals called 'aggressive,' 'ambitious' and 'illogical'

New emission-cutting goals called 'aggressive,' 'ambitious' and 'illogical'

CALGARY — New greenhouse gas emission cutting targets are being described as "extremely aggressive," "ambitious" and "illogical" by members of the Canadian oilpatch after they were rolled out at a virtual climate summit of world leaders on Thursday.
War of words heats up in battle between Canadian railways for Kansas City's KCS

War of words heats up in battle between Canadian railways for Kansas City's KCS

The head of Canadian Pacific referred to its rival's bid for U.S. railway Kansas City Southern "fantasyland" as a war of words between Canada's two largest railroads continued to heat up. Canadian National Railway's US$33.
Consumer Reports tricks Tesla to drive with no one at wheel

Consumer Reports tricks Tesla to drive with no one at wheel

SILVER SPRING, Md. — Consumer Reports said Thursday it was able to easily trick a Tesla into driving in the car's Autopilot mode with no one at the wheel. Its test came just days after a Tesla crashed in Texas, killing the two men in the car.
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