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OPEC, Russia to nudge up oil output after hit from pandemic

OPEC, Russia to nudge up oil output after hit from pandemic

FRANKFURT — OPEC and allied countries including Russia agreed Thursday to increase oil production by 500,000 barrels a day from January and said they would meet monthly to decide further output levels, gingerly adding more crude to a global economy s
In seismic shift, Warner Bros. to stream all 2021 films

In seismic shift, Warner Bros. to stream all 2021 films

NEW YORK — In the most seismic shift by a Hollywood studio yet during the pandemic, Warner Bros. Pictures on Thursday announced that all of its 2021 film slate — including a new “Matrix” movie, “Godzilla vs.
Chinese spacecraft carrying lunar rocks lifts off from moon

Chinese spacecraft carrying lunar rocks lifts off from moon

BEIJING — A Chinese spacecraft lifted off from the moon Thursday night with a load of lunar rocks, the first stage of its return to Earth, the government space agency reported.

Ryanair gives Boeing a boost by ordering 75 more Max jets

Irish budget airline Ryanair said Thursday it is ordering 75 more Boeing 737 Max jets, a boost for Boeing just before its most important plane returns to flying after two deadly crashes.
Saskatchewan restarts emergency grants for small businesses hit by COVID-19 rules

Saskatchewan restarts emergency grants for small businesses hit by COVID-19 rules

REGINA — The Saskatchewan government is reviving an emergency grant program for small businesses that have been hit by restrictions aimed at stemming the spread of COVID-19.
Gift cards remain popular despite pandemic but come with a risk if store closes

Gift cards remain popular despite pandemic but come with a risk if store closes

TORONTO — Chris Corson has soured on gift cards this holiday season after the store she planned to spend them at was one of the growing casualties of the COVID-19 pandemic.
Banks see mix of hope and concerns in 2021 as COVID-19 continues to spread

Banks see mix of hope and concerns in 2021 as COVID-19 continues to spread

TORONTO — Canada's big banks are seeing their first glimmers of hope that an economic rebound is on its way, but their leaders say there’s still plenty to be wary of.
Toronto home sales surge 24.3 per cent in November, but condo prices fall

Toronto home sales surge 24.3 per cent in November, but condo prices fall

TORONTO — November brought a sense of urgency to the Toronto real estate market, where COVID-19 has people buying and selling homes for "completely different reasons" than before the pandemic, according to Peel-based broker Bethany King.
Husky Energy to get $41.5 million in federal cash for stalled N.L. offshore project

Husky Energy to get $41.5 million in federal cash for stalled N.L. offshore project

ST. JOHN'S, N.L. — Husky Energy will receive $41.5 million in federal money to maintain jobs and move toward restarting its West White Rose offshore oil project in Newfoundland and Labrador, although officials admit a restart is not certain.
Athabasca Oil adopts lower 2021 budget, spends to maintain oilsands production

Athabasca Oil adopts lower 2021 budget, spends to maintain oilsands production

CALGARY — A Canadian oil company with production from both oilsands and light oil and gas wells is forecasting lower spending and little change in production in 2021. Athabasca Oil Corp.