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University of Toronto to fully divest $4 billion endowment from fossil fuels by 2030

University of Toronto to fully divest $4 billion endowment from fossil fuels by 2030

TORONTO — The University of Toronto has become the latest institution to commit to the divestment movement, saying Wednesday that it will sell off all fossil fuel investments in its $4 billion endowment fund by the end of 2030 to help fight climate c
H&R Real Estate Investment Trust to focus on residential and industrial sector

H&R Real Estate Investment Trust to focus on residential and industrial sector

TORONTO — H&R Real Estate Investment Trust, one of sa¹ú¼Ê´«Ã½'s largest landlords, announced a plan to spin off or sell its retail and office properties in a bid to focus on the residential and industrial sector.
TC Energy cutting more than 1,000 Keystone XL construction jobs as work halted

TC Energy cutting more than 1,000 Keystone XL construction jobs as work halted

CALGARY — TC Energy Corp. is planning to eliminate more than 1,000 construction jobs related to its decision to halt work on its Keystone XL pipeline expansion project. The company suspended work on the project Wednesday as U.S.
S&P/TSX composite slips in morning trading, loonie moves higher

S&P/TSX composite slips in morning trading, loonie moves higher

TORONTO — sa¹ú¼Ê´«Ã½'s main stock index dipped in early trading, lagging U.S. markets as the Canadian dollar headed higher. The S&P/TSX composite index was down 33.13 points at 17,981.78. In New York, the Dow Jones industrial average was up 37.
US home construction jumps 5.8% in December to 1.67 million

US home construction jumps 5.8% in December to 1.67 million

WASHINGTON — U.S. home construction jumped 5.8% in December to 1.67 million units, a 14-year high that topped the strongest annual showing from the country's builders in 15 years. The better-than-expected December gain followed an increase of 9.
US jobless claims decline to a still-high 900,000

US jobless claims decline to a still-high 900,000

WASHINGTON — The number of Americans seeking unemployment benefits fell slightly last week to 900,000, still a historically high level that points to ongoing job cuts in a raging pandemic.
CFIB raises estimate of small businesses at risk of closing permanently

CFIB raises estimate of small businesses at risk of closing permanently

TORONTO — More than 200,000 Canadian businesses could close permanently during the COVID-19 crisis, throwing millions of people out of work as the resurgence of the virus worsens across much of the country, according to new research.
WestJet to reintroduce Boeing 737 Max today in flight from Calgary to Vancouver

WestJet to reintroduce Boeing 737 Max today in flight from Calgary to Vancouver

CALGARY — WestJet Airlines will operate the first commercial Boeing 737 Max flight in sa¹ú¼Ê´«Ã½ today since the aircraft was grounded in 2019 following two deadly crashes.
Changes in Indian farm laws could benefit sa¹ú¼Ê´«Ã½, experts say

Changes in Indian farm laws could benefit sa¹ú¼Ê´«Ã½, experts say

VANCOUVER — Changes to India's farm laws could open up the second most populous country to Canadian farmers, although a lot remains unknown about how a liberalized market might affect nations looking to export their produce, experts say.
SAP announces expansion to new downtown Montreal office, adding 30 employees

SAP announces expansion to new downtown Montreal office, adding 30 employees

MONTREAL — Enterprise software company SAP sa¹ú¼Ê´«Ã½ will open a new research and development office in Montreal for its SAP Labs division and plans to add 30 new employees as part of the expansion.