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Huawei's ambitions for Canada stalled by rift with China, security expert says

Huawei's ambitions for Canada stalled by rift with China, security expert says

TORONTO — Huawei Technologies Co.'s push to become a leading supplier of 5G technology in Canada appears to be in jeopardy after the Chinese tech giant's CFO suffered a legal setback in a B.C. court, prompting an angry response from Beijing.
BRP's CEO hopes 'staycations' will boost sales of Sea-Doos and off-road vehicles

BRP's CEO hopes 'staycations' will boost sales of Sea-Doos and off-road vehicles

Sea-Doo maker BRP Inc. is facing a rough ride after the COVID-19 pandemic sank profits last quarter, with the company scrambling to cut costs while ramping up production following factory shutdowns.
'Broken eggshells' and 'Star Trek finance': Banks warn of COVID-19 headwinds

'Broken eggshells' and 'Star Trek finance': Banks warn of COVID-19 headwinds

TORONTO — Slashed interest rates and a widespread economic shutdown ate into second-quarter profits at Canada's major banks, with financial institutions saying deep wells of cash are needed to protect themselves from the impact of the COVID-19 pandem
Simon & Schuster names Jonathan Karp as new CEO

Simon & Schuster names Jonathan Karp as new CEO

NEW YORK — Jonathan Karp, who has worked with authors ranging from Sen. Edward Kennedy to Susan Orlean, has been named the new CEO of Simon & Schuster. He replaces Carolyn Reidy, who died two weeks ago.
Air Canada increases size of financing deal to roughly $1.4 billion

Air Canada increases size of financing deal to roughly $1.4 billion

MONTREAL — Air Canada has increased the size of a financing deal announced earlier this week to roughly $1.4 billion as it works to bolster its coffers to deal with the pandemic. The company says the shares in the offering have been priced at $16.
Pending home sales plunged 21.8% in April on a monthly basis

Pending home sales plunged 21.8% in April on a monthly basis

BALTIMORE — April had a record collapse in Americans signing contracts to buy homes, a reflection of the broader shutdown of economic activity in response to the coronavirus outbreak.
How to put 'found money' generated from pandemic savings to good use

How to put 'found money' generated from pandemic savings to good use

CALGARY — An elevator salesman in Calgary says two months of working from his house in the northwest part of the city have convinced him there's no place like home to conduct business.
Irving to buy North Atlantic Refining including refinery in Come By Chance, N.L.

Irving to buy North Atlantic Refining including refinery in Come By Chance, N.L.

SAINT JOHN, N.B. — Irving Oil has signed a deal to buy North Atlantic Refining Corp., including a refinery in Come By Chance, N.L., from U.S. investment firm Silverpeak.
CIBC reports $392-million Q2 profit, down from $1.35 billion a year ago

CIBC reports $392-million Q2 profit, down from $1.35 billion a year ago

TORONTO — Canadian Imperial Bank of Commerce took a nearly $1-billion hit to its second-quarter profit as its provisions for credit losses soared due to the pandemic and the plunge in oil prices.
Orders for US big-ticket factory goods drop 17.2% in April

Orders for US big-ticket factory goods drop 17.2% in April

WASHINGTON — U.S. orders for big-ticket factory goods plunged for the second straight month in April as the coronavirus pandemic hammered the economy. The Commerce Department said Thursday that orders for durable goods dropped 17.