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CMHC tightens lending standards to protect housing market during COVID-19

CMHC tightens lending standards to protect housing market during COVID-19

OTTAWA — The Canada Mortgage and Housing Corporation is tightening its lending standards, making it tougher for Canadians to borrow money to purchase a home.
TSX ends three-day winning streak to start June despite rising crude

TSX ends three-day winning streak to start June despite rising crude

TORONTO — Canada's main stock index ended a three-day winning streak despite crude oil futures closing at a three-month high. The S&P/TSX composite index ended the day down 47.24 points at 15,527.87.
BoC eyeing supply, consumer demand for July economic outlook, deputy says

BoC eyeing supply, consumer demand for July economic outlook, deputy says

OTTAWA — A senior official at the Bank of Canada says the central bank will be paying close attention to what the post-pandemic economy can supply and what consumers demand.
Saputo's fourth quarter profits hit by COVID-related shift in consumer demand

Saputo's fourth quarter profits hit by COVID-related shift in consumer demand

MONTREAL — Saputo Inc. believes the COVID-19 pandemic may present "great opportunities" for mergers and acquisitions, though travel restrictions present some difficulty in finalizing any possible deals, the chief executive said.
Bombardier to lay off nearly 200 workers on regional rail services in GTA

Bombardier to lay off nearly 200 workers on regional rail services in GTA

Bombardier Inc. says it will temporarily lay off 196 employees working on regional transit services in the Greater Toronto Area due to a steep decline in ridership numbers amid the COVID-19 pandemic.

CPA Canada hit by cyberattack, affecting data of more than 329,000

TORONTO — A cyberattack on the Chartered Professional Accountants of Canada website has affected the personal information of more than 329,000 members and stakeholders, the organization said.
N.L. reports rising debt, deficit; minister says federal help needed

N.L. reports rising debt, deficit; minister says federal help needed

ST. JOHN'S, N.L.
Would-be passengers get around airline refund policies via credit card chargebacks

Would-be passengers get around airline refund policies via credit card chargebacks

Lucky Paras didn't have to live up to his name to get his money back from an airline. He just approached the problem from a different angle.
Excitement, caution as bars and restaurants set to reopen in Nova Scotia

Excitement, caution as bars and restaurants set to reopen in Nova Scotia

HALIFAX — Businesses such as bars, restaurants and barber shops are poised to reopen Friday across Nova Scotia, after being closed for nearly three months because of COVID-19 restrictions.
European Central Bank nearly doubles pandemic support scheme

European Central Bank nearly doubles pandemic support scheme

FRANKFURT — The European Central Bank has boosted its pandemic emergency support program by an unexpectedly large 600 billion euros to 1.35 trillion euros ($1.