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Imperial, Suncor make contingency plans despite 'low probability' of Line 5 shutdown

Imperial, Suncor make contingency plans despite 'low probability' of Line 5 shutdown

CALGARY — Less than a month after U.S. President Joe Biden nixed the Keystone XL pipeline as part of a sweeping climate plan, another pipeline with implications for Canada is in the crosshairs of a U.S. politician.
Interfor buys South Carolina sawmill for US$59M as lumber prices set new records

Interfor buys South Carolina sawmill for US$59M as lumber prices set new records

VANCOUVER — Lumber producer Interfor Corp. is buying a sawmill in South Carolina from WestRock Co. for US$59 million in cash.
LVMH to put Fenty fashion collection on pause

LVMH to put Fenty fashion collection on pause

NEW YORK — LVMH Moët Hennessy Louis Vuitton, the world’s largest luxury group, has put Rihanna's Fenty fashion collection on hold.
In switch, South Africa to give health workers J&J vaccine

In switch, South Africa to give health workers J&J vaccine

JOHANNESBURG — South Africa will start vaccinating front-line health workers next week with a shot that is still in testing — an unorthodox strategy announced Wednesday after officials abandoned plans to use another vaccine that a small study suggest
Cameco Q4 net profit plunges 39 per cent as COVID forced uranium mine suspension

Cameco Q4 net profit plunges 39 per cent as COVID forced uranium mine suspension

SASKATOON — Cameco Corp. beat expectations even as the uranium miner reported that is net income attributable to common shareholders decreased 39 per cent to $80 million in the fourth quarter due to the impact of COVID-19.
'Digital loonie' should come from Bank of Canada, not private sector, deputy says

'Digital loonie' should come from Bank of Canada, not private sector, deputy says

OTTAWA — A Bank of Canada official delivered a detailed defence of why the central bank should issue a "digital loonie" instead of ceding control to private cryptocurrencies that could become economic gatekeepers.

World's biggest shipper reports rebound in business

COPENHAGEN — The world’s biggest shipping company, Denmark’s A.P. Moller-Maersk, on Wednesday reported a sharp rise in earnings for the fourth quarter, when global demand for goods rebounded from an earlier slump caused by the coronavirus pandemic.
US consumer prices up 0.3% in January, led by energy spike

US consumer prices up 0.3% in January, led by energy spike

WASHINGTON — U.S. consumer prices rose 0.3% in January, led by a surge in energy. But even though the gain was the biggest monthly increase since July, inflation gains over the past year have remained modest.
Precision Drilling reports $37.5M loss in Q4, revenue down 46 per cent

Precision Drilling reports $37.5M loss in Q4, revenue down 46 per cent

CALGARY — Precision Drilling Corp. reported a fourth-quarter loss of $37.5 million as its revenue fell 46 per cent compared with a year earlier. The contract drilling company says the loss amounted to $2.74 per share for the quarter ended Dec.
Union approves deal with Chicago schools to return to class

Union approves deal with Chicago schools to return to class

CHICAGO — The Chicago Teachers Union has approved a deal with the nation’s third-largest school district to get students back to class during the coronavirus pandemic, union officials announced early Wednesday.