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California voters reject revamp to property tax system

California voters reject revamp to property tax system

SAN DIEGO — California voters rejected a proposal to partially dismantle the state’s 42-year-old cap on property taxes, a move that would have have raised taxes for many businesses in a pandemic-hobbled economy.
Asian shares mostly higher as focus shifts to virus recovery

Asian shares mostly higher as focus shifts to virus recovery

Shares were mostly higher Wednesday in Asia after a worldwide rally spurred by hopes that a COVID-19 vaccine will help the global economy return to normal.
Auto industry has hit trough from COVID-19, says Linamar chief executive

Auto industry has hit trough from COVID-19, says Linamar chief executive

The auto industry has hit its trough from the COVID-19 pandemic, Linamar chief executive Linda Hasenfratz said Tuesday.

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,615.37, up 139.51 points.) Enbridge Inc. (TSX:ENB). Energy. Up $1.82, or 4.81 per cent, to $39.65 on 17.6 million shares.
Financials and energy boost S&P/TSX composite as vaccine hopes remain

Financials and energy boost S&P/TSX composite as vaccine hopes remain

TORONTO — Canada's main stock index enjoyed another triple-digit climb Tuesday on continued hope that a COVID-19 vaccine will lead to a global economic recovery. The S&P/TSX composite index closed up 139.51 points to 16,615.

First Nations chief calls $1-billion Clearwater deal a 'generational acquisition'

HALIFAX — The Mi’kmaq chief behind a blockbuster deal to buy Atlantic Canada’s largest seafood firm says it will create wealth for generations, though critics warn it could also reignite tensions with the non-Indigenous lobster fishery.
CAE says recovery tied to lifting of travel restriction, business jet interest

CAE says recovery tied to lifting of travel restriction, business jet interest

CAE Inc. says its recovery from the COVID-19 pandemic will be closely tied to the lifting of travel restrictions and continued demand for private aircraft.
Boeing suffers 2nd consecutive month with no airline orders

Boeing suffers 2nd consecutive month with no airline orders

Boeing had no orders for new airliners in October, its second consecutive month, and orders for 37 of its Max jets came off the books as the company continues to struggle with the grounding of the Max and a pandemic that has crippled the airline indu
Ford adding 350 jobs at 2 plants to make electric vehicles

Ford adding 350 jobs at 2 plants to make electric vehicles

DETROIT — Ford plans to add 350 jobs at two factories to meet expected demand for electric vehicles that haven't gone on sale yet.

Taiwan processor chip maker to set up $3.5 billion U.S. arm

TAIPEI, Taiwan — A Taiwanese maker of processor chips for Apple Inc. and other customers plans to invest $3.5 billion to set up its second U.S.