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Major North American indexes move up, while gold continues setting records

Major North American indexes move up, while gold continues setting records

TORONTO — Major North American indexes advanced Thursday, while the price of gold reached a new height. Markets were up "modestly," said Anish Chopra, managing director with Portfolio Management Corp, with gains at or below one per cent.
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Cargojet shares hit record high on work-from-home activity during COVID lockdown

Cargojet shares hit record high on work-from-home activity during COVID lockdown

Cargojet Inc. shares surged to a record high Thursday after it reported second-quarter revenues soared 65 per cent amid heightened e-commerce driven by work-from-home activity during the COVID-19 lockdowns.
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Bausch to spin off eye care business; misses expectations with wide Q2 loss

Bausch to spin off eye care business; misses expectations with wide Q2 loss

Bausch Health Companies Inc. is planning to spin off its iconic eye care business into an independent publicly traded company, Canada's largest publicly traded pharmaceutical producer said Thursday. The firm, based near Montreal in Laval, Que.
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Tim Hortons sales fall by one-third as RBI feels the pain of pandemic

Tim Hortons sales fall by one-third as RBI feels the pain of pandemic

Restaurant Brands International Inc. saw the pandemic take a big bite out of earnings last quarter, with sales down 31 per cent year over year despite a rebound during the past month as commuters return to the roads.
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Canadian Natural sets synthetic crude record while recording net loss of $310M

Canadian Natural sets synthetic crude record while recording net loss of $310M

CALGARY — Shares in Canadian Natural Resources Ltd. rose Thursday after it reported record production of synthetic crude oil and lower operating costs at its oilsands mining operations in northern Alberta during the second quarter.
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Hotels, mall closures drive $1.5 billion loss for Brookfield Property

Hotels, mall closures drive $1.5 billion loss for Brookfield Property

TORONTO — Mall closures and investments in hotels dragged down earnings this spring for Brookfield Property Partners L.P., which on Thursday said it lost money in the second quarter.
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Demand for puzzles, plushies fails to offset higher-margin declines at Spin Master

Demand for puzzles, plushies fails to offset higher-margin declines at Spin Master

TORONTO — Closed schools, stores and movie theatres — and a lack of children's birthday parties — have been just a few of the COVID-19-related challenges for toymaker Spin Master. Toronto-based Spin Master Corp.
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Hilton sales plunge in second quarter with travel frozen

Hilton sales plunge in second quarter with travel frozen

Hilton lost $432 million in the second quarter, and occupancy rates began to lift from dismal lows as hotels reopen and coronavirus restrictions were lifted around the world.
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Canadian Tire sees second-quarter loss amid COVID-19 store closures

Canadian Tire sees second-quarter loss amid COVID-19 store closures

TORONTO — Canadian Tire Corp. Ltd.'s latest quarterly report fell short of analyst expectations as it saw revenue fall amid COVID-19 related store closures.
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No summer slowdown in Toronto real estate as July shatters sales record

No summer slowdown in Toronto real estate as July shatters sales record

TORONTO — July was a record-breaking month for Toronto real estate sales, as a nearly 17 per cent price spike did not stop homebuyers from making offers. “Sales activity was extremely strong for the first full month of summer.
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