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OTTAWA: Canada's first budget in two years, to be presented to parliament on Monday, proposes a sales tax for online platforms and e-commerce warehouses, a digital services tax for Web giants and a luxury tax on items like yachts, government sources familiar with the document said.
MONTREAL: Air Canada reached a deal with the Canadian government for loans and equity worth nearly C$5.9bil (US$4.7bil or RM19.44bil), a package to help the airline get through the pandemic and restore flights to remote parts of the country.
TORONTO: It’s a deal that’s been talked about for decades in Toronto’s bank towers and country clubs: The Rogers and Shaw families should merge their giant cable companies.
VANCOUVER: A police officer involved in the arrest of Huawei Chief Financial Officer Meng Wanzhou two years ago in relation to her U.S. extradition case testified on Monday he did not plan to obtain passcodes or search her electronic devices
TORONTO: Lawyers for Meng Wanzhou, the chief financial officer of Huawei Technologies, have applied to a Canadian court seeking stays in the proceedings for her extradition to the United States, documents released on Thursday showed.
TORONTO: Canada’s Big Six banks say they will reduce interest rates on credit cards to provide relief to customers affected by Covid-19 pandemic.
NEW YORK: Wall Street tanked on Thursday, slamming the book on the longest-ever U.S. bull market after new travel restrictions to curb the coronavirus spread spooked investors and rattled world markets.
TORONTO: Canadian miner Teck Resources Ltd has withdrawn an application to build its C$20.6bil (US$15.7bil) Frontier oil sands mine in Alberta, days before the federal government was to decide on whether to approve a project opposed by environmentalists and indigenous groups.
WINNIPEG, Manitoba: As Canadian Prime Minister Justin Trudeau considers whether to approve Teck Resources' Frontier oil sands project, roughly 20 others sit on the shelf as companies delay investment decisions hoping for new pipelines and higher prices