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West Fraser Timber to acquire Norbord in all-stock deal valued at $4 billion

West Fraser Timber to acquire Norbord in all-stock deal valued at $4 billion

TORONTO — A $4-billion all-stock deal to take over Norbord Inc. will transform West Fraser Timber Co. Ltd. into a "global diversified wood products company," CEO Ray Ferris said Thursday.
IMF director: virus could disrupt global recovery

IMF director: virus could disrupt global recovery

WASHINGTON — The head of the International Monetary Fund said Thursday that the while the United States and other major economies turned in better-than-expected economic performances in the third quarter, the world now faces slower momentum with a re
CFIB calls for freeze on Canada Pension Plan premiums set to rise on Jan. 1

CFIB calls for freeze on Canada Pension Plan premiums set to rise on Jan. 1

TORONTO — The Canadian Federation of Independent Business has asked the federal government to hold Canada Pension Plan premiums at current levels next year when they're scheduled to rise.
Existing home sales up 4.3% in October, fifth monthly gain

Existing home sales up 4.3% in October, fifth monthly gain

CHARLOTTE, N.C. — Sales of existing homes rose for a fifth straight month in October, reaching a level not seen since before the housing bubble popped 14 years ago. The National Association of Realtors said Thursday existing homes sales rose 4.
EU auditors: Antitrust probes too slow to curb tech giants

EU auditors: Antitrust probes too slow to curb tech giants

LONDON — The EU's efforts to rein in the power of big tech companies such as Google and Facebook through antitrust investigations have taken too long, dulling their effectiveness, a report said Thursday.
US jobless claims rise to 742,000; millions to lose aid

US jobless claims rise to 742,000; millions to lose aid

WASHINGTON — The number of Americans seeking unemployment aid rose last week to 742,000, the first increase in five weeks and a sign that the resurgent viral outbreak is likely slowing the economy and forcing more companies to cut jobs.
'Wonder Woman 1984' to debut in theatres and on HBO Max

'Wonder Woman 1984' to debut in theatres and on HBO Max

“Wonder Woman 1984” isn’t skipping theatres or moving to 2021, but it is altering course. The last big blockbuster holdout of 2020 is still opening in U.S.
Ivanhoe Cambridge cuts 50 positions, mainly outside Quebec, in shopping centres

Ivanhoe Cambridge cuts 50 positions, mainly outside Quebec, in shopping centres

MONTREAL — The real estate arm of Quebec's pension fund manager has laid off about 50 people, mostly outside of Quebec, as it continues efforts to turn around the performance of its shopping centres.
More CN layoffs only if business slows dramatically during second wave, says CEO

More CN layoffs only if business slows dramatically during second wave, says CEO

CN Rail may only have to consider another painful round of layoffs if COVID-19's second wave causes shipping volumes to drop dramatically again, its chief executive said Wednesday.
Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,889.82, down 58.24 points.) Suncor Energy Inc. (TSX:SU). Energy. Up 14 cents, or 0.7 per cent, to $20.11 on 12.5 million shares.