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Ontario speeds up alcohol expansion; province will pay The Beer Store up to $225M

Ontario speeds up alcohol expansion; province will pay The Beer Store up to $225M

TORONTO — Ontario is speeding up its expansion of alcohol sales in the province, and the move comes with up to $225 million in public money for The Beer Store.
Enerplus-Chord Energy deal receives shareholder and Investment Canada Act approval

Enerplus-Chord Energy deal receives shareholder and Investment Canada Act approval

CALGARY — Enerplus Corp. says its shareholders have voted to approve a takeover of the company by U.S. company Chord Energy Corp. The Calgary-based oil and gas company says shareholders voted 99.6 per cent in favour of the stock-and-cash deal.
Defunct Lynx Air selling off life jackets, oxygen masks in bid to recoup losses

Defunct Lynx Air selling off life jackets, oxygen masks in bid to recoup losses

Lynx Air hopes to sell off everything from life jackets to oxygen masks as it tries to recoup a portion of the losses it suffered before filing for creditor protection earlier this year.
CBC launching 14 new free streaming channels for local news across Canada

CBC launching 14 new free streaming channels for local news across Canada

TORONTO — CBC is launching 14 free ad-supported streaming channels dedicated to local news across Canada in an effort to attract younger audiences who don't have the "traditional habits" of linear news consumers.
Workers at Kamloops Hudson's Bay ratify deal after 165-day strike

Workers at Kamloops Hudson's Bay ratify deal after 165-day strike

KAMLOOPS, B.C. — The United Steelworkers union says workers at a Hudson's Bay store in Kamloops, B.C., have ratified a new deal with their employer after a 165-day strike. Workers with Local 1-417 walked off the job on Dec.
Restaurants Canada says price increases coming to B.C. chicken 'unsustainable'

Restaurants Canada says price increases coming to B.C. chicken 'unsustainable'

Restaurants Canada says an increase in the farm-level price of chicken in B.C. could raise costs for consumers by around 10 per cent. The B.C.
University of Calgary looks to relaunch oil engineering program after hiatus

University of Calgary looks to relaunch oil engineering program after hiatus

CALGARY — The University of Calgary says it is planning a potential relaunch of its oil and gas engineering program, which it suspended three years ago due to dwindling student demand.
S&P/TSX composite up more than 100 points, U.S. stock markets also higher

S&P/TSX composite up more than 100 points, U.S. stock markets also higher

TORONTO — A broad-based rally helped Canada's main stock index gain more than 100 points in late-morning trading, while U.S. stock markets also climbed higher. The S&P/TSX composite index was up 132.73 points at 22,333.52.
Statistics Canada says retail sales down 0.2% in March at $66.4 billion

Statistics Canada says retail sales down 0.2% in March at $66.4 billion

OTTAWA — Canadian retail sales slowed in March as shoppers spent less at furniture, home furnishings, electronics and appliances retailers, Statistics Canada said Friday. The agency said retail sales dropped 0.2 per cent to $66.
Stock market today: Wall Street opens slighlty higher but is still heading for a losing week

Stock market today: Wall Street opens slighlty higher but is still heading for a losing week

NEW YORK (AP) — Stocks are opening modestly higher following Wall Street’s worst day since April. The S&P 500 was up 0.3% in early trading Friday, but it may still be heading for its first losing week in the last five.