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National Business
Cenovus royalty sale first in plan to sell assets to reduce debt after Husky takeover
CALGARY — Cenovus Energy Inc. is selling an Alberta production royalty interest to Topaz Energy Corp. for $102 million, the first step in a plan to sell non-core assets to retire debt in the wake of its takeover of Husky Energy Inc. early this year.
May 18, 2021 5:13 PM
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Cenovus royalty sale first in plan to sell assets to reduce debt after Husky takeover
CALGARY — Cenovus Energy Inc. is selling an Alberta production royalty interest to Topaz Energy Corp. for $102 million, the first step in a plan to sell non-core assets to retire debt in the wake of its takeover of Husky Energy Inc. early this year.
May 18, 2021 5:13 PM
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S&P/TSX composite rises to all-time high while U.S. markets lose ground
TORONTO — The technology and renewable energy sectors pushed Canada's main stock index to all-time records Tuesday as the loonie hovered around 83 cents US, its highest level in six years. The Canadian dollar traded for 82.
May 18, 2021 4:52 PM
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Canadian producers cut Colombian oil output as protesters block transport routes
CALGARY — Two Canadian oil and gas companies say they've been forced to reduce production in Colombia as protests that have resulted in 42 deaths continue in the South American country. Both Parex Resources Inc. and Gran Tierra Energy Inc.
May 18, 2021 3:56 PM
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Container ship is the largest of its kind to visit Canada: Halifax Port Authority
HALIFAX — The largest container ship to visit a Canadian port spent the day in Halifax on Tuesday, generating a bit of buzz on social media.
May 18, 2021 3:22 PM
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UAE to offer booster shot to recipients of Sinopharm vaccine
DUBAI, United Arab Emirates (AP) — The United Arab Emirates announced Tuesday it will offer a third shot to recipients of the Chinese state-backed Sinopharm coronavirus vaccine six months after their initial two-dose regimen.
May 18, 2021 3:07 PM
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Business leaders call on Ottawa for a clear reopening plan as vaccine rates improve
Canadian business leaders are calling on the federal government to lay out a clear and predictable plan for reopening the economy as the country's vaccination rollout gains speed.
May 18, 2021 12:12 PM
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US home construction falls a surprise 9.5% in April
WASHINGTON (AP) — U.S. home construction fell a surprisingly sharp 9.5% in April and economists attributed that partially builders who delayed projects because of a surge in lumber prices and supply constraints.
May 18, 2021 10:01 AM
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Strike from Gaza kills 2 as Israel topples 6-story building
GAZA CITY, Gaza Strip (AP) — A strike launched from Gaza killed two Thai workers inside a packaging plant in southern Israel on Tuesday, police said, hours after Israeli airstrikes toppled a six-story building in the Palestinian territory that housed
May 18, 2021 9:32 AM
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Apparel sales expected to soar as consumers trade sweats for jeans
It’s the defining attire of the pandemic: Stretchy pants, baggy sweaters and slippers. Yet as vaccine campaigns gain momentum and lockdowns lift, the return to in-person gatherings is expected to spur demand for a wardrobe refresh, experts say.
May 18, 2021 4:00 AM
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