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Business News Summary Headlines

Company releases, economic news, and business coverage.

Some of what was said Thursday about putting Viola Desmond on $10 bill

OTTAWA - Viola Desmond, who was arrested in 1946 after refusing to leave a whites-only section of a Nova Scotia movie theatre, has been chosen to be the first Canadian woman to grace the front of a Canadian banknote.

Some of what was said Thursday about the decision:

Thursday, December 08, 2016 | 05:09 PM

TSX, New York stock markets rally as crude prices top US$50 a barrel

TORONTO - Major stock markets in New York closed at record highs Thursday amid a broad rally from banks, materials and technology companies.

The Dow Jones industrial average advanced 65.19 points at 19,614.81, while the S&P 500 added 4.84 points at 2,246.19, both hitting all-time highs for a second day in a row.

Thursday, December 08, 2016 | 05:08 PM

A $750K question: Can a subsea tunnel link Newfoundland with Labrador?

ST. JOHN'S, N.L. - Could a subsea tunnel under the Strait of Belle Isle finally link northern Newfoundland with Labrador?

It's a question that for decades has inspired dreams of free-flowing trade, hundreds of jobs and thousands of tourists.

Thursday, December 08, 2016 | 04:56 PM

BlackBerry launches new security platform to help companies manage connectivity

WATERLOO, Ont. - BlackBerry revealed its latest security offering on Thursday intended to help companies reliably manage their current and future connectivity needs.

The company's new platform, BlackBerry Secure, is designed to help businesses keep tabs on all their devices to transmit sensitive data to keep people, information and goods safe.

Thursday, December 08, 2016 | 04:52 PM

Most actively traded companies on the TSX

Some of the most active companies traded Thursday on the Toronto Stock Exchange:

Toronto Stock Exchange (15,295.20, up 57.45 points):

Thursday, December 08, 2016 | 04:48 PM

US home price gains lift household wealth to $90.2 trillion

WASHINGTON - A healthy increase in home values and higher stock prices drove up U.S. household wealth in the July-September quarter, though the gains are largely concentrated among wealthier Americans.

The Federal Reserve says real estate values increased $554 billion in the third quarter, while Americans' stock and mutual fund portfolios rose $494 billion. Total household wealth, which includes checking and savings accounts and subtracts mortgages and other debt, increased 1.8 per cent to $90.2 trillion.

Thursday, December 08, 2016 | 12:11 PM

Parisians grapple with worst winter pollution in a decade

PARIS - Under deceptively blue skies, the marvels of Paris beckoned. But art dealer Sophie Vigourous wore a face mask to appreciate them because of the pollution.

The 38-year-old has lung cancer, putting her in the groups most at risk from the toxic, throat-tickling broth of tiny particles far smaller than the width of a human hair blanketing France's capital and other cities. It has prompted vehicle bans and other extraordinary but only moderately effective anti-pollution measures.

Thursday, December 08, 2016 | 11:42 AM

SNC-Lavalin cutting 405 jobs in Canada mainly due to mining weakness

MONTREAL - Engineering giant SNC-Lavalin is cutting another 405 jobs in Canada due to the weakness in the mining sector and ongoing efforts to boost its profit margin.

Spokesman Louis-Antoine Paquin says the company will eliminate 186 positions in Montreal, 195 in Ontario and 24 in Saskatoon, says spokesman Louis-Antoine Paquin.

Thursday, December 08, 2016 | 11:01 AM

Worst may be over for Alberta economy, modest growth in 2017: Conference Board

The Conference Board of Canada says it expects Alberta to emerge from one of the worst recessions to ever hit the province next year.

However, the independent research organization is forecasting only modest economic recovery in 2017.

Thursday, December 08, 2016 | 08:50 AM

Economists meet with Alberta officials, say worst appears to be over

EDMONTON - Alberta Finance Minister Joe Ceci met with key economists Wednesday to look ahead to 2017, with the consensus being the worst is over for the provincial economy.

But Avery Shenfeld, chief economist of CIBC, said how much things will improve is still up in the air and tied to the price of oil.

Thursday, December 08, 2016 | 08:30 AM