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Minister says telecom regulator may have erred with wholesale rate decision

Minister says telecom regulator may have erred with wholesale rate decision

The federal government says it's concerned that a controversial regulatory decision last year may undermine investments in Canada's communications networks, particularly in rural and remote areas.
Correction: California Heat Wave story

Correction: California Heat Wave story

LOS ANGELES — In a story August 14, 2020, about California’s rolling power outages, The Associated Press erroneously reported that the state’s last such outages occurred in 2011. They occurred in 2001. The Associated Press
Most actively traded companies on the TSX

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (16,514,61, down 15.45 points) D-Box Technologies Inc. (TSX:DBO). Technology. Up three cents, or 75 per cent, to seven cents on 15.
Competition Bureau launches probe of Amazon, seeks input from businesses

Competition Bureau launches probe of Amazon, seeks input from businesses

The Competition Bureau has launched a probe into Amazon's conduct to determine whether the online retailer is harming competition.
Materials sector weighs on Toronto market as gold price falls again

Materials sector weighs on Toronto market as gold price falls again

TORONTO — Canada's main stock index dipped into the red Friday as the materials sector weighed it down amid falling gold prices.
CPP Investments reports 5.6 per cent return in Q1 in broad rally from March low

CPP Investments reports 5.6 per cent return in Q1 in broad rally from March low

TORONTO — Canada Pension Plan Investment Board's main fund achieved a 5.6 per cent net return for the quarter ended June 30. The Toronto-based fund manager says its base CPP account had $434.
Cineplex reports $98.9-million Q2 loss with movie theatres closed

Cineplex reports $98.9-million Q2 loss with movie theatres closed

TORONTO — Cineplex Inc.'s chief executive is hoping that ending an agreement with a virtual reality golf company, films debuting in Canada before the U.S.
Record lumber prices adding thousands of dollars to new home building costs

Record lumber prices adding thousands of dollars to new home building costs

CALGARY — Soaring lumber and wood panel prices are adding thousands of dollars to the cost of building a home in Canada as strong renovation and new housing demand outstrip supply.
US retail sales rise for 3rd month but slowdown expected

US retail sales rise for 3rd month but slowdown expected

WASHINGTON — Americans increased their spending at retail stores and restaurants in July for a third straight month, but some evidence suggests that sales are weakening with the expiration of government rescue aid that had previously put more money i
Apple, Google drop Fortnite from app stores over payments

Apple, Google drop Fortnite from app stores over payments

NEW YORK — Apple and Google dropped the popular game Fortnite from their app stores after the game’s developer introduced a direct payment plan that bypasses their platforms.