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Retail sales flat in December, sector's 2019 growth was lowest in a decade: Statcan

Retail sales flat in December, sector's 2019 growth was lowest in a decade: Statcan

OTTAWA — Canadian retail sales were virtually unchanged in December compared with the prior month, ending a year with the smallest increase in retail sales since 2009 when the country was hit by the financial crisis, Statistics Canada said Friday.
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Magna says some plants in China still offline, parts supplies a concern

Magna says some plants in China still offline, parts supplies a concern

AURORA, Ont. — Magna International Inc. says its operations in China are still running under capacity because of the novel coronavirus outbreak, but that it's too early to say what the long-term impacts might be. The Aurora, Ont.
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RBC monitors coronavirus and rail blockades as it reports Q1 profit

RBC monitors coronavirus and rail blockades as it reports Q1 profit

TORONTO — Royal Bank of Canada is monitoring the recent, novel coronavirus outbreak and rail blockades across the country, but says it's too early to see the full impact of either yet.
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China suspends more penalties on US goods after trade truce

China suspends more penalties on US goods after trade truce

BEIJING — China on Friday suspended more punitive tariffs on imports of U.S. industrial goods in response to a truce in its trade war with Washington that threatened global economic growth.
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Enerplus reports $429.1M Q4 loss due to non-cash goodwill impairment charge

CALGARY — Enerplus Corp. reported a loss of $429.1 million in its latest quarter as it took a non-cash goodwill impairment charge related to its Canadian business. The company says the loss amounted to $1.
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Home Capital Group reports $37.2M Q4 profit, up from $35.8M a year ago

Home Capital Group reports $37.2M Q4 profit, up from $35.8M a year ago

TORONTO — Home Capital Group Inc. reported a fourth-quarter profit of $37.2 million, up from $35.8 million in the same quarter a year earlier. The alternative mortgage lender says the profit amounted to 65 cents per share for the quarter ended Dec.
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Struggling Victoria's Secret sold as women demand comfort

Struggling Victoria's Secret sold as women demand comfort

NEW YORK — Victoria's Secret, which once defined sexy with its leggy supermodels in their lacy bras and oversized angel wings, has a new owner.
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1 trillion euros: EU leaders get into big fight over budget

1 trillion euros: EU leaders get into big fight over budget

BRUSSELS — European leaders argued into the early hours of Friday about how to spend and share some 1 trillion euros ($1.1 trillion) over the next seven years.
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TekSavvy files Competition Bureau complaint seeking investigation of Bell, Rogers

CHATHAM, Ont. — TekSavvy Solutions Inc. says it has filed a complaint with the Competition Bureau seeking an investigation into how Bell Canada and Rogers Communications charge independent internet service providers.
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Higher oilsands volumes drive beat as Inter Pipeline reports $100M Q4 income

CALGARY — Inter Pipeline Ltd. is crediting strong results from its oilsands transport system, as well as high utilization of its bulk petroleum storage assets, for fourth-quarter financial results that beat analyst expectations.
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