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Great-West Lifeco to sell Canadian subsidiary for $175 million to Mackenzie

Great-West Lifeco to sell Canadian subsidiary for $175 million to Mackenzie

WINNIPEG — Great-West Lifeco Inc. says it is selling its Canadian subsidiary GLC Asset Management Group Ltd. to Mackenzie Financial Corp. for $175 million in cash.
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Stingray reports lower Q1 revenue, earnings as pandemic hits radio business

Stingray reports lower Q1 revenue, earnings as pandemic hits radio business

MONTREAL — Stingray Group Inc. says revenue in its fiscal first quarter ended June 30 fell by 35 per cent to $52.3 million as the impact of the COVID-19 pandemic hit revenue from radio operations. It is reporting net income of $7.02 million, down 23.
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Canadian auto sales hit 165,020 in July, up 6.2 per cent from June

Canadian auto sales hit 165,020 in July, up 6.2 per cent from June

TORONTO — Auto sales continued their upward trend in July, mounting a steadier recovery from the early months of the COVID-19 pandemic, DesRosiers Automotive Consultants Inc. reported Tuesday. In a 6.
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TSX moves up as Mideast blast lifts commodities, markets catch up after holiday

TSX moves up as Mideast blast lifts commodities, markets catch up after holiday

TORONTO — The main stock index in Toronto closed higher on Tuesday as commodities rose on fears of potential conflict in the Middle East and Canadian markets caught up with their American peers after Monday's Civic Holiday break.
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Ford COO Jim Farley to lead company, CEO Hackett to retire

Ford COO Jim Farley to lead company, CEO Hackett to retire

DETROIT — Jim Farley will lead Ford Motor Co. into the future as the global auto industry faces a new era of autonomous and electric vehicles. The company named Farley, 58, as its new CEO effective Oct.
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Air passenger advocacy group asks top court to hear ticket refund case

Air passenger advocacy group asks top court to hear ticket refund case

An advocacy group is asking the Supreme Court of Canada to hear a case on passenger refunds as frustration over flights cancelled due to the COVID-19 pandemic continues to simmer.
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Fox News Channel viewers tune out for John Lewis' funeral

Fox News Channel viewers tune out for John Lewis' funeral

NEW YORK — Fox News Channel viewers are usually a loyal bunch, but thousands looked for the “off” switch during last week's telecast of civil rights icon John Lewis' funeral.
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Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,368.03, up 198.83 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Down 2.5 cents, or 5.38 per cent, to 44 cents on 9.
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B.C. allows private pot retailers to sell products online for in-store pick-up

B.C. allows private pot retailers to sell products online for in-store pick-up

VICTORIA — The British Columbia government says new rules for private cannabis retailers will allow pot to be reserved and paid for online, but customers still have to pick up their orders in person.
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Honda Canada recalls 53,770 Odyssey, Passport and Pilot vehicles

Honda Canada recalls 53,770 Odyssey, Passport and Pilot vehicles

MARKHAM, Ont. — Honda Canada is recalling 53,770 vehicles for repair. The recall in Canada covers 2018 to 2020 Honda Odysseys, 2019 to 2020 Honda Passports and 2019 to 2021 Honda Pilots.
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