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Detailed vs. flat rate: New way to claim work-from-home costs gives workers options

Detailed vs. flat rate: New way to claim work-from-home costs gives workers options

Ottawa has come up with a simpler way to claim expenses for that spare room or corner that became a makeshift office last spring when pandemic lockdowns went into effect across the country.
Productivity down 4.2%, largest decline in nearly 40 years

Productivity down 4.2%, largest decline in nearly 40 years

WASHINGTON — U.S. productivity fell at an annual rate of 4.2% in the fourth quarter, the largest quarterly decline in nearly four decades. The revised figure released by the Labor Department Thursday was slightly smaller than the 4.
Bombardier expects business jet deliveries to begin recovery this year

Bombardier expects business jet deliveries to begin recovery this year

MONTREAL — Bombardier Inc. says it expects business jet deliveries to begin a gradual recovery this year, but that it will take several years for the market to return to 2019 levels.
Will Paramount+ be a mountain or a molehill in streaming?

Will Paramount+ be a mountain or a molehill in streaming?

NEW YORK — Paramount+ debuts Thursday as the latest — and last — streaming option from a major media company, this time from ViacomCBS.
Energy market boosts Toronto stock market as oil rises, U.S. stock markets up

Energy market boosts Toronto stock market as oil rises, U.S. stock markets up

TORONTO — Gains in the energy sector helped boost Canada's main stock index higher in early trading as the price of oil climbed higher. The S&P/TSX composite index was up 23.65 points at 18,344.32.
Bombardier to collaborate with Aston Marton on business jet design services

Bombardier to collaborate with Aston Marton on business jet design services

MONTREAL — Bombardier Inc. is teaming up with luxury automaker Aston Martin. The Montreal-based company will collaborate with the British company on custom design services for its business jets.
US jobless claims tick up to 745,000 as layoffs remain high

US jobless claims tick up to 745,000 as layoffs remain high

WASHINGTON — The number of Americans applying for unemployment benefits edged higher last week to 745,000, a sign that many employers continue to cut jobs despite a drop in confirmed viral infections and evidence that the overall economy is improving
Calfrac Well Services reports Q4 profit due to debt settlement gain

Calfrac Well Services reports Q4 profit due to debt settlement gain

CALGARY — Calfrac Well Services Ltd. reported a fourth-quarter profit of $125.9 million, boosted by a gain on the settlement of debt. The oilfield services company says the profit for the quarter ended Dec. 31 amounted to $2.19 per diluted share.
EU regulator starts a review of Russia's COVID-19 vaccine

EU regulator starts a review of Russia's COVID-19 vaccine

MOSCOW — The European Medicines Agency has started a rolling review of Russia's Sputnik V coronavirus vaccine, many months after it was first approved for use in Russia and after dozens of countries around the world have authorized it.
UK, 4 nations fast-track review of modified COVID vaccines

UK, 4 nations fast-track review of modified COVID vaccines

LONDON — Regulators in the U.K. and four other countries have announced new rules to fast-track the development of modified COVID-19 vaccines to ensure drugmakers can move swiftly to target emerging variants of the disease.