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Amid low interest rates, income investors need to look beyond bonds for yield

Amid low interest rates, income investors need to look beyond bonds for yield

OTTAWA — Interest rates are back down to rock bottom levels and while that may be good news for borrowers, investors looking for investment income to pay for their retirement are once again searching for yield.
Buyer's remorse: Mall deal implodes as virus shakes retail

Buyer's remorse: Mall deal implodes as virus shakes retail

NEW YORK — The nation’s largest mall owner is backing out of a $3.6 billion deal to buy a major rival as the coronavirus pandemic shakes the retail industry.
Fed to keep providing aid and sees no rate hike through 2022

Fed to keep providing aid and sees no rate hike through 2022

WASHINGTON — Confronted with an economy gripped by recession and high unemployment, the Federal Reserve signalled Wednesday that it expects to keep its key short-term interest rate near zero through 2022.
Transcontinental recalls more than a third of laid-off printing sector employees

Transcontinental recalls more than a third of laid-off printing sector employees

Transcontinental Inc. says a gradual recovery in printing volumes has allowed it to recall more than one third of the employees laid off because of the impact of COVID-19.
Spike in COVID cases among agri-food workers in southwestern Ontario

Spike in COVID cases among agri-food workers in southwestern Ontario

TORONTO — COVID-19 cases among agri-food workers in Windsor-Essex have spiked this week, the Ontario region's top doctor said Wednesday, as a provincial effort to test all migrant workers for the virus ramped up.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (15,701.33, down 132.41 points.) Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Down $1.29, or 4.54 per cent, to $27.15 on 36.
S&P/TSX composite drops midweek on energy and financials weakness

S&P/TSX composite drops midweek on energy and financials weakness

TORONTO — Canada's main stock index lost some ground midweek on weakness by the key energy and financials sectors. The S&P/TSX composite index closed down 132.41 points at 15,701.33. Activity was mixed in the United States.
A room with a bleak view: Hoteliers forecast more pain, demand government action

A room with a bleak view: Hoteliers forecast more pain, demand government action

Each day, SoHo hotel general manager David Kelley hears the sound of his footsteps echoing off the marble floors and panelled walls as he walks across the lobby, a space as empty as the 89 rooms above him. "It is very quiet.
Starbucks plans to close up to 200 Canadian locations over two years

Starbucks plans to close up to 200 Canadian locations over two years

TORONTO — Starbucks is planning to close up to 200 coffee shops across Canada as it responds to changes in consumer habits during the COVID-19 pandemic.
Former Bank of Canada governor Mark Carney to release book next spring

Former Bank of Canada governor Mark Carney to release book next spring

Former Bank of Canada governor Mark Carney is releasing a new book laying out his vision for a more equitable post-pandemic economy.