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TSX gets small lift as investors move from defensive sectors that led in 2019

TSX gets small lift as investors move from defensive sectors that led in 2019

TORONTO — Canada's main stock index got a small lift Thursday as investors largely moved away from defensive sectors that have done well in 2019.
Postmedia Q4 profit helped by cost cuts, tax credits, higher digital revenue

Postmedia Q4 profit helped by cost cuts, tax credits, higher digital revenue

TORONTO — Postmedia Network Canada Corp. earned its first quarterly profit in nearly two years, generating $7.
Hexo cutting 200 jobs as it looks to profitability, 'long-term viability'

Hexo cutting 200 jobs as it looks to profitability, 'long-term viability'

Cannabis company Hexo Corp. is reducing its workforce by 200 jobs to adjust for expected future revenues and "ensure the long-term viability" of the firm, its chief executive said.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,369.32, up 33.39 points). Zenabis Global Inc. (TSX:ZENA). Health care. Down 19.5 cents, or 39.8 per cent, to 29.5 cents on 16.
CNN's Zucker calls Facebook's political ad policy ludicrous

CNN's Zucker calls Facebook's political ad policy ludicrous

NEW YORK — CNN chief Jeff Zucker says Facebook's policy not to monitor political ads for truth-telling is ludicrous and advised the social media giant to sit out the 2020 election until it can figure out something better.
Miner Teck Resources reports Q3 profit down, plans to cut 500 full-time jobs

Miner Teck Resources reports Q3 profit down, plans to cut 500 full-time jobs

Teck Resources Ltd. says it will cut 500 full-time equivalent jobs as it focuses on trimming $500 million from planned spending through to the end of 2020.
Husky CEO says curtailment program preventing Alberta spending despite tax cut

Husky CEO says curtailment program preventing Alberta spending despite tax cut

CALGARY — The CEO of Calgary-based Husky Energy Inc. says social media speculation that layoffs put in place the morning after the federal election this week were in reaction to political events are just "B.S.
Outgoing ECB chief defends legacy against stimulus skeptics

Outgoing ECB chief defends legacy against stimulus skeptics

FRANKFURT — Mario Draghi ended his eight-year term as head of the European Central Bank by defending his most recent stimulus package and reminding that the eurozone is now in better shape than during the days when the Greek crisis threatened to brea
Grounded Boeing plane churns up more turbulence at airlines

Grounded Boeing plane churns up more turbulence at airlines

DALLAS — The grounding of the Boeing 737 Max has lasted far longer and, as Southwest Airlines and American Airlines can attest, more expensive than airlines ever expected.
CMHC expects housing market to recover in next two years after declines

CMHC expects housing market to recover in next two years after declines

OTTAWA — Canada's federal housing agency expects the housing market to recover in the next two years after declines in home building, sales and prices. Canada Mortgage and Housing Corp.