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National Business
TSX sinks 10.3 per cent in worst day since 1987 on plunging oil prices
TORONTO — Canada's main stock index had its worst day in more than three decades, closing down 10.3 per cent Monday as a collapse in oil prices triggered a plunge in the energy sector and the loonie. The S&P/TSX composite index lost 1,660.
Mar 9, 2020 9:35 PM
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Zeppelin wins latest battle of the bands in `Stairway' fight
LOS ANGELES — A federal appeals court on Monday restored a jury verdict that found Led Zeppelin did not steal “Stairway to Heaven." The 9th U.S.
Mar 9, 2020 5:47 PM
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Pension plan investment CEO bullish on oil despite price crash, emissions debate
CALGARY — The CEO of the Canada Pension Plan Investment Board says Monday's oil price crash and stock market selloff will hurt Canadian energy companies that have weak balance sheets and high debt.
Mar 9, 2020 5:40 PM
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Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (14,514.24, down 1,660.78 points). Cenovus Energy Inc. (TSX:CVE). Energy. Down $4.08, or 51.65 per cent, to $3.82 on 22.7 million shares.
Mar 9, 2020 4:29 PM
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New Brunswick Tories say tomorrow's provincial budget hits surplus target
FREDERICTON — New Brunswick's finance minister says Tuesday's provincial budget hits the government's target of a $125-million surplus to go towards the debt.
Mar 9, 2020 3:40 PM
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Aon plans takeover of Willis Towers in $30B all-stock deal
Aon is buying rival benefits and risk consultant Willis Towers Watson in an all-stock deal valued at around $30 billion.
Mar 9, 2020 2:44 PM
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Food delivery services brace for COVID-19 with non-contact options and sanitizer
TORONTO — Food delivery companies operating in Canada are undertaking a handful of precautions amid an outbreak of a novel form of coronavirus. Non-contact drop-offs are coming next week to the Chanmao Inc.
Mar 9, 2020 1:46 PM
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Oil price crash: What it means for Canada
CALGARY — World oil prices are in free fall after Saudi Arabia slashed its crude sale price Sunday, signalling the start of a price war after OPEC talks with Russia broke down without an agreement on production cuts.
Mar 9, 2020 1:27 PM
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Ensign Energy Services reports Q4 loss, stock plunges as oil markets roil
CALGARY — Shares in drilling company Ensign Energy Services Inc. plunged by as much as 40 per cent on Monday amid a worldwide oil price and stock market crash. The company, which reported a loss of $71.6 million in the fourth quarter ended Dec.
Mar 9, 2020 1:21 PM
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Stop work order partially lifted at Cape Breton's Donkin coal mine
DONKIN, N.S. — Nova Scotia's Labour Department says a stop work order has been partially lifted at the Donkin coal mine in Cape Breton. Production was shut down Feb.
Mar 9, 2020 12:06 PM
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