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Strong lumber markets allow Resolute to pay special dividend, spend and cut debt

Strong lumber markets allow Resolute to pay special dividend, spend and cut debt

MONTREAL — Resolute Forest Products Inc. says strong lumber markets are allowing it to pay a special dividend, spend US$50 million on its sawmills to support growth and repay US$180 million in debt.
Air Canada to recall 2,600 workers, extends deadline for COVID-19 refunds

Air Canada to recall 2,600 workers, extends deadline for COVID-19 refunds

MONTREAL — Air Canada says it will recall more than 2,600 employees as it prepares for an increase in demand for flights, while also extending the deadline for COVID-19 refunds.

Met Opera says $31M on tax return is mostly pledges

The Metropolitan Opera says a positive $31 million on its latest tax return is mostly money pledged for future seasons that the company has not yet received.
Terra Nova oilfield shutdown could cost N.L. hundreds of millions of dollars

Terra Nova oilfield shutdown could cost N.L. hundreds of millions of dollars

ST. JOHN'S, N.L. — The full shutdown of the dormant Terra Nova offshore oilfield could leave Newfoundland and Labrador on the hook for hundreds of millions of dollars in royalty paybacks, Energy Minister Andrew Parsons said Thursday.
G-7 nations expected to pledge 1B vaccine doses for world

G-7 nations expected to pledge 1B vaccine doses for world

ST. IVES, England (AP) — The Group of Seven nations are set to commit to sharing at least 1 billion coronavirus shots with the world, British Prime Minister Boris Johnson announced Thursday, with half coming from the U.S. and 100 million from the U.

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 (20,049.47, up 47.20 points.) Canadian Natural Resources (TSX:CNQ). Energy. Down 11 cents, or 0.25 per cent, to $44.72 on 11.
North American stock markets rebound as investors undaunted by higher U.S. inflation

North American stock markets rebound as investors undaunted by higher U.S. inflation

TORONTO — North American stock markets rebounded as investors seemed to shrug off news that U.S. inflation is accelerating at its fastest pace since the financial crisis in 2008.
Embattled Keystone XL pipeline continues to divide experts — even post-mortem

Embattled Keystone XL pipeline continues to divide experts — even post-mortem

Even after its death, the divisive Keystone XL pipeline continued to leave Canadian energy industry experts at odds on Thursday, a day after TC Energy Corp. nailed the coffin shut on the project.
Digital shift cushioned blow to post-pandemic growth outlook, BoC deputy says

Digital shift cushioned blow to post-pandemic growth outlook, BoC deputy says

OTTAWA — The economy's ability to grow coming out of the pandemic isn't as hobbled by COVID-19 as the central bank first feared, a top Bank of Canada official says.
Supreme Cannabis shareholders vote to approve $435M deal with Canopy Growth

Supreme Cannabis shareholders vote to approve $435M deal with Canopy Growth

TORONTO — Supreme Cannabis shareholders have voted in favour of the company being sold to Canopy Growth Corp. for $435 million. Supreme says 81.05 per cent of the votes cast were in favour of the deal.