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EU, US agree to suspend tariffs over Airbus-Boeing dispute

EU, US agree to suspend tariffs over Airbus-Boeing dispute

BRUSSELS — In a sign of goodwill to rebuild trans-Atlantic relations, the European Union and the United States have decided to suspend tariffs used in the longstanding Airbus-Boeing dispute, the EU Commission president said Friday.
Costco 4Q profits rise, helped by pandemic shopping habits

Costco 4Q profits rise, helped by pandemic shopping habits

ISSAQUAH, Wash. — Warehouse retail chain Costco Wholesale said its fourth-quarter profits rose slightly from a year ago, its profits weighed by wage premiums paid to employees during the pandemic.

German factory orders rise strongly in January

BERLIN — German factory orders rose more strongly than expected in January, a promising sign of strength in Europe's largest economy, official figures showed Friday. The Federal Statistical Office reported that industrial orders rose 1.
S&P/TSX composite down despite gains in oil, U.S. stock markets fall

S&P/TSX composite down despite gains in oil, U.S. stock markets fall

TORONTO — Losses in the technology sector led Canada's main stock index lower in late-morning trading despite strength in energy stocks as the price of oil marched higher. The S&P/TSX composite index was down 92.43 points at 18,033.29.
Ensign Energy reports lower Q4 drilling activity, revenue as slow recovery continues

Ensign Energy reports lower Q4 drilling activity, revenue as slow recovery continues

CALGARY — Drilling company Ensign Energy Services Inc. says oilpatch activity in its Canadian and U.S. operations is staging a slow recovery from a deep slump in 2020. The Calgary-based company says it earned net income of $3.
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.