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Independent Cogeco board members reject $10.3B bid from U.S. firm, Rogers

Independent Cogeco board members reject $10.3B bid from U.S. firm, Rogers

The board of directors for Cogeco Inc. and Cogeco Communications Inc. say their independent members have rejected a hostile bid from a New York firm that offered $10.3 billion to buy the telecommunications companies.
United plans to furlough 16,000 workers, fewer than expected

United plans to furlough 16,000 workers, fewer than expected

United Airlines said Wednesday it plans to furlough 16,370 employees in October, a smaller number than the airline predicted in July because thousands of workers agreed to leave with the travel industry facing a slow recovery from the pandemic.
Fed survey finds widespread pessimism about economic future

Fed survey finds widespread pessimism about economic future

WASHINGTON — The latest Federal Reserve survey of U.S. economic activity found generally modest gains in August but also pessimism about the future given the threats posed by the coronavirus.
Budget deficit to hit record $3.3T due to virus, recession

Budget deficit to hit record $3.3T due to virus, recession

WASHINGTON — The federal budget deficit is projected to hit a record $3.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,697.97, up 52.98 points.) Suncor Energy Inc. (TSX:SU). Energy. Down 37 cents, or 1.75 per cent, to $20.77 on 17.1 million shares.
Couche-Tard on hunt for acquisitions but CEO doesn't get rival's Speedway deal

Couche-Tard on hunt for acquisitions but CEO doesn't get rival's Speedway deal

Alimentation Couche-Tard continues to be on the hunt for acquisitions even as it claims convenience store rival 7-Eleven's blockbuster US$21-billion acquisition of the Speedway network in the U.S. doesn't make sense.
North American stock markets rise again to start month amid COVID hopes

North American stock markets rise again to start month amid COVID hopes

TORONTO — North American stock markets posted a second day of gains to start September as optimism about COVID-19 trumped disappointing U.S. private payroll numbers.
Imperial Oil's Kearl oilsands mine stops output due to diluent pipeline outage

Imperial Oil's Kearl oilsands mine stops output due to diluent pipeline outage

CALGARY — The partial shutdown of a diluent supply pipeline following a spill near Fort McMurray has halted production at the Kearl oilsands mining operation in northern Alberta, operator Imperial Oil Ltd. said Wednesday.
Gardeners, grillers fuel Dollarama sales surge in Q2, but Halloween an X factor

Gardeners, grillers fuel Dollarama sales surge in Q2, but Halloween an X factor

MONTREAL — Dollarama Inc.
Prince Harry and Meghan sign production deal with Netflix

Prince Harry and Meghan sign production deal with Netflix

NEW YORK — The Duke and Duchess of Sussex have a new home: Netflix.