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Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: Housing starts Canada Mortgage and Housing Corp. will release preliminary housing start data for May on Monday.
OPEC, allied nations extend nearly 10M barrel cut by a month

OPEC, allied nations extend nearly 10M barrel cut by a month

DUBAI, United Arab Emirates — OPEC and allied nations agreed Saturday to extend a production cut of nearly 10 million barrels of oil a day through the end of July, hoping to encourage stability in energy markets hard hit by the coronavirus-induced gl
SpaceX opens era of amateur astronauts, cosmic movie sets

SpaceX opens era of amateur astronauts, cosmic movie sets

CAPE CANAVERAL, Fla. — SpaceX’s debut astronaut launch is the biggest, most visible opening shot yet in NASA’s grand plan for commercializing Earth’s backyard.
Trump allows commercial fishing in marine conservation area

Trump allows commercial fishing in marine conservation area

BANGOR, Maine — President Donald Trump rolled back protections Friday at a marine conservation area off the New England coast, signing an order to allow commercial fishing in a stretch of water environmentalists say is critical for endangered right w

Minister sees 'glimmers' of confidence as B.C. jobless rate hits 13.4 per cent

VICTORIA — The jobless rate in British Columbia continues to climb, increasing to 13.4 per cent last month, but Finance Minister Carole James says there are signs of growing confidence.
US will allow limited flights by Chinese airlines, not a ban

US will allow limited flights by Chinese airlines, not a ban

The Trump administration said Friday it will let Chinese airlines operate a limited number of flights to the U.S., backing down from a threat to ban the flights. The decision came one day after China appeared to open the door to U.S.
Ottawa postpones auction of spectrum by six months, says delay due to COVID

Ottawa postpones auction of spectrum by six months, says delay due to COVID

OTTAWA — The federal government will delay a planned auction of 3,500-megahertz wireless spectrum by six months, a move that could affect how the Canadian telecom industry rolls out fifth-generation network services.
Bombardier cutting 2,500 jobs as business jet demand falls due to pandemic

Bombardier cutting 2,500 jobs as business jet demand falls due to pandemic

MONTREAL — Bombardier Inc. will cut 2,500 workers from its plane-making division as demand for the company's main source of income — private jets — falls amid a recession and feeble travel demand.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (15,854.07, up 326.20 points.) Air Canada (TSX:AC). Industrials. Up 87 cents, or 4.48 per cent, to $20.29 on 19.7 million shares.
North American stock markets end week on fire after surprising jobs reports

North American stock markets end week on fire after surprising jobs reports

TORONTO — North American stock markets ended the week on fire following surprisingly positive jobs reports in Canada and the United States. The S&P/TSX composite index hit a three-month high and closed up 326.20 points or 2.1 per cent at 15,854.