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Canada posts $1.4B trade surplus for January, first surplus since May 2019

Canada posts $1.4B trade surplus for January, first surplus since May 2019

OTTAWA — January saw Canada post its first trade surplus since May 2019 as exports surged higher to start the year. Statistics Canada said Friday that the surplus of $1.
US trade deficit up 1.9% in January on record goods imports

US trade deficit up 1.9% in January on record goods imports

SILVER SPRING, Md. — The level of imported goods to the U.S. in January reached unprecedented levels and pushed the trade deficit 1.9% higher as the coronavirus pandemic continues to distort global commerce.
HBC sells stake in Saks online business for US$500M, makes it a separate company

HBC sells stake in Saks online business for US$500M, makes it a separate company

TORONTO — HBC has signed a deal to sell a minority stake in Saks Fifth Avenue's e-commerce business and turn it into a separate company, a move that will "redefine the luxury shopping ecosystem," the company said Friday.
Beware false sense of security from COVID gadgets, public health experts say

Beware false sense of security from COVID gadgets, public health experts say

TORONTO — Many Canadians are getting a hand from gadgets meant to help keep fingers off high-touch surfaces, but Toronto's public health authority says people should be careful how they use them.

Recipe Unlimited system sales fall amid dining room closures and seating restrictions

VAUGHAN, Ont. — Recipe Unlimited Corp. saw system sales fall more than 30 per cent in its most recent quarter as the pandemic continued to cause dining room closures and seating restrictions at its restaurant chains across Canada. The Vaughan, Ont.
China sets growth target 'over 6%,' tightening HK control

China sets growth target 'over 6%,' tightening HK control

BEIJING — China’s No. 2 leader set a healthy economic growth target Friday and vowed to make the nation self-reliant in technology amid tension with the U.S. and Europe over trade and human rights.
CDPQ and DP World investing US$1.2B in container port facility in Indonesia

CDPQ and DP World investing US$1.2B in container port facility in Indonesia

MONTREAL — The Caisse de depot et placement du Quebec and DP World have signed a US$1.2-billion deal to start the construction of an international container port and industrial logistics park in Indonesia.
YouTube cancels Myanmar military-run channels, pulls videos

YouTube cancels Myanmar military-run channels, pulls videos

BANGKOK — YouTube has removed five channels run by Myanmar’s military for violating its community guidelines and terms of service.

Martinrea International caps difficult year with Q4 profits dropping to $45 million

TORONTO — Executives at Martinrea International Inc. told analysts that they were optimistic on the company’s prospects for electric vehicles, even as a shortage of microchips has become a burden on the auto industry.
Yukon budget projects 'record-breaking' capital spending, GDP growth

Yukon budget projects 'record-breaking' capital spending, GDP growth

WHITEHORSE — Yukon's government says it's planning record capital spending in the 2021-22 fiscal year as it forecasts strong economic growth. In its budget tabled Thursday, the territorial government says it plans to spend $434.