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Domtar shares surge after producer acknowledges talks with Paper Excellence

Domtar shares surge after producer acknowledges talks with Paper Excellence

FORT MILL, S.C. — Domtar Inc. shares surged to a near two-year high after the pulp and paper producer acknowledged it's in talks with B.C.'s Paper Excellence about a possible merger or sale of the company.

Ferrari 1Q profits rebound, postpones 2022 targets

MILAN — Italian luxury sportscar maker Ferrari announced Tuesday that it won’t hit 2022 financial targets due to the impact of the coronavirus pandemic, despite a strong rebound in the first quarter of 2021.
US trade deficit hits record $74.4 billion in March

US trade deficit hits record $74.4 billion in March

WASHINGTON — The U.S. trade deficit surged to a record $74.4 billion in March as an improving U.S. economy drove purchases of imported foreign goods.
ConocoPhillips selling its shares in Canadian energy company Cenovus

ConocoPhillips selling its shares in Canadian energy company Cenovus

CALGARY — ConocoPhillips plans to sell its roughly 10 per cent stake in Cenovus Energy Inc. as part of a plan to pay for a repurchase of its own shares. The U.S.
Canada's April vehicle sales up 254 per cent from last year's pandemic low

Canada's April vehicle sales up 254 per cent from last year's pandemic low

TORONTO — Canadian auto sales in April were up 254 per cent compared with the same month last year, when sales plunged due to lockdowns in the early stages of the COVID-19 pandemic.
Statistics Canada reports $1.1B trade deficit for March as imports climb

Statistics Canada reports $1.1B trade deficit for March as imports climb

OTTAWA — Canada posted a merchandise trade deficit of $1.1 billion in March as imports climbed to their highest level since May 2019.
Parents say federal subsidized childcare plan would fully change financial future

Parents say federal subsidized childcare plan would fully change financial future

Deepti Avinash has always pictured having a family with three kids. But as she tries to find childcare services for her first daughter in Toronto’s competitive market, she can't imagine how she could even afford having a second child right now.
Thomson Reuters reports US$5.04B Q1 profit as Refinitiv sale completed

Thomson Reuters reports US$5.04B Q1 profit as Refinitiv sale completed

TORONTO — Thomson Reuters Corp. reported a first-quarter profit of nearly US$5.04 billion as it completed the sale of its investment in financial data firm Refinitiv to the London Stock Exchange Group. The company, which keeps its books in U.S.
EU regulators start review of China's Sinovac vaccine

EU regulators start review of China's Sinovac vaccine

THE HAGUE, Netherlands — The European Union’s drug regulator announced Tuesday that it has started a rolling review of China’s Sinovac coronavirus vaccine to assess its effectiveness and safety, a first step toward possible approval for use in the 27
MEC looks to its roots as expert outdoor gear provider after insolvency, sale

MEC looks to its roots as expert outdoor gear provider after insolvency, sale

Eric Claus wanted to buy his wife a kayak. He admits it may not “sound very sexy” but with a house on the ocean in picturesque Mahone Bay, N.S., he says it was the ideal gift.