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P.E.I. deficit balloons to $173 million as finance minister blames COVID-19

P.E.I. deficit balloons to $173 million as finance minister blames COVID-19

CHARLOTTETOWN — The COVID-19 pandemic has blown a hole through the public finances of Prince Edward Island, with the province announcing Wednesday a budget deficit for fiscal 2020-21 of $173 million.
Toronto stock market slips lower as crude prices drive down energy sector

Toronto stock market slips lower as crude prices drive down energy sector

TORONTO — Canada's main stock index moved lower midweek as falling crude oil prices hurt the energy sector. The S&P/TSX composite index closed down 87.14 points at 15,428.69. The energy sector was the big loser, plunging 4.
Enbridge says 800 staff have taken voluntary buyouts offered to cut costs

Enbridge says 800 staff have taken voluntary buyouts offered to cut costs

CALGARY — Enbridge Inc. says 800 employees have voluntarily left the company, allowing it to avoid layoffs as it cuts costs to counter impacts from COVID-19 and lower global oil prices.
Toronto arts agency lays off staff as live events 'ravaged' by pandemic

Toronto arts agency lays off staff as live events 'ravaged' by pandemic

TORONTO — The Toronto agency that operates three prestigious arts venues says additional layoffs mean 115 full-time positions have now been affected by the pandemic.

G-7 calls on China to reconsider Hong Kong security law

BERLIN — The Group of Seven leading economies is calling on China to reconsider plans to impose a national security law in Hong Kong, according to a joint statement issued Wednesday.

South American gold mine closed over union dispute following COVID-19 outbreak

TORONTO — Iamgold Corp. says it has suspended operations at its Rosebel Gold Mine in the South American country of Suriname after seven people were diagnosed with COVID-19, sparking a showdown with its union.
'Hamilton,' 'Phantom' will be off London stages until 2021

'Hamilton,' 'Phantom' will be off London stages until 2021

LONDON — Some of London’s biggest West End shows, including “Hamilton” and “The Phantom of the Opera,” won’t reopen until next year, producers announced Wednesday, as arts bodies warned that Britain faces a “cultural catastrophe” because of the coron
Aunt Jemima brand retired by Quaker due to racial stereotype

Aunt Jemima brand retired by Quaker due to racial stereotype

NEW YORK — Quaker Oats is retiring the 131-year-old Aunt Jemima brand, saying the company recognizes the character's origins are “based on a racial stereotype.

Mavs owner Cuban to host SiriusXM Radio business show

NEW YORK — Mark Cuban is ready to talk business — or whatever else his radio listeners want to discuss.
Statistics Canada says annual inflation rate in May sinks to negative 0.4 per cent

Statistics Canada says annual inflation rate in May sinks to negative 0.4 per cent

OTTAWA — The annual pace of inflation pulled back even further in May due to a drop in gasoline prices compared with a year ago as businesses shut due to the COVID-19 pandemic began to reopen slowly.