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McMillan to step down as head of oil and gas lobby group CAPP

McMillan to step down as head of oil and gas lobby group CAPP

CALGARY — The Canadian Association of Petroleum Producers is looking for a new CEO. The Calgary-based oil and gas lobby group says its current president and CEO, Tim McMillan, will step down this spring.
S&P/TSX composite climbs to record high as gold rises on slow path to rate hikes

S&P/TSX composite climbs to record high as gold rises on slow path to rate hikes

TORONTO — Canada's main stock index set record highs as strong earnings drove gains by individual companies and the price of gold rose on signs that global central banks are in no hurry to raise interest rates.
Saputo earnings down amid challenging labour shortages, supply chain turmoil

Saputo earnings down amid challenging labour shortages, supply chain turmoil

Dairy giant Saputo Inc. struggled in its second quarter with sinking profit despite stable revenue as a perfect storm of COVID-19 disruptions, labour shortages and supply chain turmoil weighed on the company's bottom line.
Portugal’s president calls a snap election on Jan. 30

Portugal’s president calls a snap election on Jan. 30

LISBON, Portugal (AP) — Portugal’s president announced Thursday that he is dissolving parliament and calling a snap election for Jan.
Ontario boosts health spending, plans to phase out COVID-19 supports

Ontario boosts health spending, plans to phase out COVID-19 supports

TORONTO — Ontario is boosting health spending, investing more in roads and bridges, and phasing out COVID-19 supports as it charts a path out of the pandemic.
Banking regulator lifts restrictions on dividend raises, share buybacks

Banking regulator lifts restrictions on dividend raises, share buybacks

TORONTO — Banks and insurers are free to increase dividends, resume share buybacks and raise executive compensation as of Thursday after Canada's financial services regulator lifted the COVID-19-related restrictions.
Canadian Natural reports $2.2B Q3 profit, raises quarterly dividend

Canadian Natural reports $2.2B Q3 profit, raises quarterly dividend

CALGARY — The chief executive of oil and gas giant Canadian Natural Resources Ltd.
Tiny house in wealthy Boston suburb sells for $315,000

Tiny house in wealthy Boston suburb sells for $315,000

NEWTON, Mass. (AP) — A tiny home in a wealthy Boston suburb has sold after about a month on the market, albeit for far less than the original asking price of almost $450,000.
Insurers see investment gains offset losses for COVID-19, weather events

Insurers see investment gains offset losses for COVID-19, weather events

TORONTO — Canada's big insurers say investment gains and business growth in the third quarter helped offset the costs of weather events and the COVID-19 pandemic. Sun Life Financial Inc. reported underlying net income was up 6.

Health spending, roads and "staycations": highlights from Ontario's economic update

Here's a look at some of the highlights of Ontario's fall economic update released Thursday: HEALTH SPENDING Home care: $548.5 million to help patients recover at home and support people with complex health conditions. Long-term care: $57.