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Travel agencies report soaring bookings, but quarantine hotels hold people back

Travel agencies report soaring bookings, but quarantine hotels hold people back

As travel agencies report soaring international bookings, experts and travellers say Canada’s requirement around quarantine hotels for returning travellers is the No. 1 factor holding back people from taking trips.
Canada Post says 950,000 customers potentially exposed to supplier data breach

Canada Post says 950,000 customers potentially exposed to supplier data breach

OTTAWA — Canada Post says more than 950,000 customers were potentially exposed in a data breach attack on one of its suppliers.
National Bank optimistic but watching for new COVID-19 variants, economy overheating

National Bank optimistic but watching for new COVID-19 variants, economy overheating

The head of National Bank of Canada has a rosy outlook on his company's future as COVID-19 begins to subside, but chief executive Louis Vachon is still worried about variants that may emerge and the possibility of an overheating economy.
US consumers boosted spending in April as inflation surged

US consumers boosted spending in April as inflation surged

WASHINGTON (AP) — Americans increased their spending by 0.5% in April, a slowdown after a massive gain in March that had been powered by the distribution of billions of dollars in individual stimulus checks. Even with the pullback from a 4.

CanWel to change name to Doman Building Materials effective Monday

CALGARY — Vancouver-based CanWel Building Materials Group Ltd. says it will change its name to Doman Building Materials Group Ltd. effective Monday.
Interfor to raise U.S. production to 77 per cent by buying four sawmills for US$375M

Interfor to raise U.S. production to 77 per cent by buying four sawmills for US$375M

CALGARY — Interfor Corp. is forging ahead with a strategy fuelled by record high prices to grow its lumber production in the United States as the U.S. moves to increase softwood lumber duties on Canadian imports to protect its domestic producers.
Malaysia imposes total lockdown after cases soar above 8,000

Malaysia imposes total lockdown after cases soar above 8,000

KUALA LUMPUR, Malaysia (AP) — Malaysia's prime minister says a total coronavirus lockdown will be imposed in the country, with all business and economic activities to be halted for two weeks to contain a worsening outbreak.
CWB Financial reports Q2 profit up 40% from year ago, tops expectations

CWB Financial reports Q2 profit up 40% from year ago, tops expectations

EDMONTON — CWB Financial Group topped expectations as it reported its second-quarter profit rose 40 per cent compared with a year ago.
Supreme Court refuses to hear Wilks appeal of ruling on Calfrac recapitalization

Supreme Court refuses to hear Wilks appeal of ruling on Calfrac recapitalization

CALGARY — Calfrac Well Services Ltd. has won its legal battle with a Texas rival that mounted an unsuccessful takeover attempt after the Supreme Court of Canada declined to hear an appeal.
CRTC backtracks on wholesale internet rates, reverts to 2016 levels

CRTC backtracks on wholesale internet rates, reverts to 2016 levels

TORONTO — In a victory for large internet and phone companies, Canada's telecommunications regulator has reversed a 2019 decision to drop wholesale internet rates.