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Non-mortgage debt falls for first time in more than a decade in Q1, Equifax says

Non-mortgage debt falls for first time in more than a decade in Q1, Equifax says

TORONTO — Credit rating agency Equifax Canada says consumer average non-mortgage debt dropped for the first time in more than a decade in the first quarter as a result of the COVID-19 pandemic. This debt decreased nearly 0.
EU authorities open twin Apple antitrust investigations

EU authorities open twin Apple antitrust investigations

LONDON — European Union regulators opened two investigations on Tuesday into Apple's mobile app store and payment platform over concerns its practices distort competition, opening a new front in the EU's battle against the dominance of big tech compa
Facebook strikes agreement with Canadian Press to create eight reporting jobs

Facebook strikes agreement with Canadian Press to create eight reporting jobs

TORONTO — Facebook has struck an agreement with The Canadian Press that will create eight new reporting jobs.
US shoppers returned with vigour in May in partial rebound

US shoppers returned with vigour in May in partial rebound

BALTIMORE — American shoppers ramped up their spending on store purchases by a record 17.
Barrick Gold sells most of its shares in Chinese miner Shandong Gold for US$210M

Barrick Gold sells most of its shares in Chinese miner Shandong Gold for US$210M

Toronto-based Barrick Gold Corp. says it has cashed in most of its shares in Hong Kong-listed Shandong Gold Mining, taking advantage of an increase in price as world gold prices strengthen.

Most actively traded companies on the TSX

Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (15,256.57, up 205.65 points) Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up nine cents, or 0.37 per cent, to $24.34 on 15.99 million shares.
Aurora Cannabis president Steve Dobler stepping down at the end of the month

Aurora Cannabis president Steve Dobler stepping down at the end of the month

EDMONTON — Aurora Cannabis Inc. says co-founder Steve Dobler will retire as president and as a director of the company at the end of the month. Dobler has held the roles at the cannabis company since December 2014.
Fitch downgrades Air Canada over expected slow recovery for international travel

Fitch downgrades Air Canada over expected slow recovery for international travel

CHICAGO — Fitch Ratings has downgraded Air Canada because of an expected slower recovery in demand from the COVID-19 pandemic, especially for international travel.
DavidsTea Inc. may pursue formal restructure, hasn't paid rent in three months

DavidsTea Inc. may pursue formal restructure, hasn't paid rent in three months

MONTREAL — DavidsTea Inc. says it may pursue a formal restructuring that partly depends on landlord negotiations as the company looks to close some of its unprofitable locations.

Fairfax chairman Prem Watsa spends nearly US$150 million to buy more shares

TORONTO — The chairman and CEO of Fairfax Financial Holdings Ltd. has spent nearly US$150 million to purchase thousands of additional company shares.