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George Weston loses $255 million in second quarter on COVID-related costs

George Weston loses $255 million in second quarter on COVID-related costs

TORONTO — George Weston Ltd. recorded a $255-million loss in its latest quarter despite boost in revenue as the ongoing COVID-19 pandemic significantly impacted its three operating arms.
RBC agrees to buy electricity from new southern Alberta solar power farm project

RBC agrees to buy electricity from new southern Alberta solar power farm project

CALGARY — The Royal Bank of Canada says it is the first Canadian bank to sign a long-term renewable energy power purchase agreement, a deal which will support development of a 39-megawatt, $70-million solar project in southern Alberta.
Sneaker aficionados look to get in on lucrative trade of rare kicks

Sneaker aficionados look to get in on lucrative trade of rare kicks

TORONTO — Mario Ruiz started collecting vintage clothing and hard-to-find shoes in Grade 7 before hawking his wares from his high school locker at a profit.
S&P CoreLogic Case-Shiller: US home prices rose 3.7% in May

S&P CoreLogic Case-Shiller: US home prices rose 3.7% in May

WASHINGTON — U.S. home prices grew more slowly in May, but continued to show resilience in the face of the coronavirus outbreak. The S&P CoreLogic Case-Shiller 20-city home price index rose 3.7% in from a year earlier. That's a drop from the 3.
West Fraser beats expectations as second quarter turns positive despite COVID-19

West Fraser beats expectations as second quarter turns positive despite COVID-19

VANCOUVER — West Fraser Timber Co. Ltd. beat expectations as it earned $48 million in its latest quarter despite lower revenues.
Experimental COVID-19 vaccine is put to its biggest test

Experimental COVID-19 vaccine is put to its biggest test

The biggest test yet of an experimental COVID-19 vaccine got underway Monday with the first of some 30,000 Americans rolling up their sleeves to receive shots created by the U.S. government as part of the all-out global race to stop the pandemic.
Saskatchewan premier says no decision has been made on mandatory masks

Saskatchewan premier says no decision has been made on mandatory masks

REGINA — Saskatchewan's premier is urging people to wear masks when they can't physically distance to prevent the spread of COVID-19, but he is stopping short of mandating their use indoors.
Deutsche Bank says it won't back any new oilsands or coal projects

Deutsche Bank says it won't back any new oilsands or coal projects

CALGARY — Frankfurt-based Deutsche Bank is joining a lengthening list of European lenders and insurance companies that say they won't back new oilsands projects.
MEG Energy records bigger Q2 loss on lower oil prices, reduced bitumen output

MEG Energy records bigger Q2 loss on lower oil prices, reduced bitumen output

CALGARY — Oilsands producer MEG Energy Corp. is reporting a higher second-quarter net loss on voluntarily curtailed bitumen production and lower oil prices.
Target joins Walmart in ending Thanksgiving store shopping

Target joins Walmart in ending Thanksgiving store shopping

NEW YORK — Target is joining Walmart in closing its stores on Thanksgiving Day, ending a decadelong tradition of jump-starting Black Friday door buster sales.