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Representative for 17,000 Sears Canada retirees says insolvency laws are unjust

Representative for 17,000 Sears Canada retirees says insolvency laws are unjust

TORONTO — CHANGES ARE IN BOLD A court-appointed representative for Sears Canada retirees said Tuesday that Canada's bankruptcy laws should be changed to avoid future financial hardship for members of other underfunded pension plans.
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,065.92, up 30.62 points.) BlackBerry Ltd. (TSX:BB). Technology. Up nine cents, or 0.47 per cent, to $19.10 on 15.2 million shares.
TSX posts more records on broad gains as crude surpasses US$70 a barrel

TSX posts more records on broad gains as crude surpasses US$70 a barrel

TORONTO — Canada's main stock index had another record day on broad gains as crude oil futures settled above US$70 a barrel for the first time since the October 2018. The S&P/TSX composite index gained 30.62 points to a record close of 20,065.
The little airline that could: Cape Breton air charter service launches in pandemic

The little airline that could: Cape Breton air charter service launches in pandemic

HALIFAX — When billionaires in private jets began touching down in rural Nova Scotia to play a round of golf on Cape Breton’s world-class links, David Morgan saw an opportunity.
BDC, Black Innovation Capital launch venture fund for Black entrepreneurs in Canada

BDC, Black Innovation Capital launch venture fund for Black entrepreneurs in Canada

TORONTO — The Business Development Bank of Canada and Black Innovation Capital are launching a $10-million venture capital fund meant to help Black-owned businesses.
Vinyl records surge during pandemic, keeping sales spinning

Vinyl records surge during pandemic, keeping sales spinning

PORTLAND, Maine (AP) — Vinyl record sales surged during the pandemic as music lovers fattened their collections, and audio cassettes began a comeback as well, keeping business spinning at record stores.
Consumer debt driven by new mortgages, but credit card debt at six-year low

Consumer debt driven by new mortgages, but credit card debt at six-year low

Equifax says the debt profile of Canadians has changed throughout the pandemic, with mortgages accounting for a larger portion of people's debt. The company said Tuesday consumer debt stood at $2.08 trillion for the first quarter of 2021, up 0.
Statistics Canada says country posted $594M merchandise trade surplus for April

Statistics Canada says country posted $594M merchandise trade surplus for April

OTTAWA — Canada posted a merchandise trade surplus of $594 million in April as the global shortage of semiconductor chips hurt both imports and exports in the auto sector.
US job openings surge to record 9.3 million in April

US job openings surge to record 9.3 million in April

WASHINGTON (AP) — U.S. employers posted a record 9.3 million job openings in April with the U.S. economy reopening at break-neck speed. The number of job openings soared 12% from the 8.3 million counted in March. But employers hired just 6.
US trade deficit dips to $68.9 billion with exports up

US trade deficit dips to $68.9 billion with exports up

WASHINGTON (AP) — The U.S. trade deficit narrowed in April to $68.9 billion as an improving global economy boosted sales of American exports.