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Canada March wholesale trade down 2.2% on autos

May 20 (Reuters) - Canadian wholesale trade decreased by 2.2% in March from February on weaker sales in the motor vehicles and motor vehicle parts and accessories subsector, Statistics Canada said on Wednesday.

TSX gains as higher oil prices boost energy stocks

(Reuters) - Canada's main stock index rose on Wednesday, lifted by energy stocks as oil prices gained on signs of improving demand due to countries easing lockdown restrictions worldwide and a fall in...

Canada recommends masks, says emergency loans have no cap but many limits

OTTAWA (Reuters) - There will be no cap on the size of Canada's emergency loans to large companies harmed by the coronavirus pandemic but there will be multiple restrictions, the government said on...

Bank of Canada says downward pressure on inflation likely once shutdown ends

OTTAWA (Reuters) - The Bank of Canada thinks there is likely to be downward pressure on inflation once coronavirus-related shutdowns are lifted, a senior official said on Wednesday, a sign the Bank is...

Canadian dollar climbs as investors bet on economic recovery

TORONTO (Reuters) - The Canadian dollar strengthened against its U.S. counterpart on Wednesday as hopes for a global economic recovery boosted equity markets and investors shrugged off domestic data showing deflationary pressures.

Airlines say ticket cancellations slowing; business models may change

(Reuters) - Top U.S. airlines and Air Canada on Tuesday reported slower ticket cancellations and an improvement in bookings on some routes, though executives said overall demand remained weak and changes to travel...

Facebook fined by Canada competition watchdog after privacy probe

(Reuters) - Canada's competition watchdog said on Tuesday it had fined Facebook Inc C$9 million ($6.5 million) after an investigation found the social network made "misleading" claims about personal information of Canadians on...

Ontario schools to remain shut through the current school year: Premier Ford

TORONTO (Reuters) - Schools in Ontario, Canada's most populous province, will remain closed for the rest of the school year through the end of June, due to the COVID-19 pandemic, Premier Doug Ford...

Loonie climbs to three-week high on rising hopes of economic recovery

TORONTO (Reuters) - The Canadian dollar strengthened to its highest in nearly three weeks against its U.S. counterpart on Tuesday as oil prices rose and investors grew more hopeful that the global economy...

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