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Calgary's Enerplus announces US$465M takeover as court rules against N.D. pipeline

Calgary's Enerplus announces US$465M takeover as court rules against N.D. pipeline

CALGARY — Enerplus Corp. is increasing its bets on the Bakken light oil region in North Dakota with the purchase of a private rival for US$465 million, despite a legal fight that could shut down a major oil pipeline there.
CREB: COVID-19, decreased demand for oil to hamper housing market in 2021

CREB: COVID-19, decreased demand for oil to hamper housing market in 2021

Calgary home sales, prices and new listings might be headed for a slight increase in 2021, but they’re likely still bound to be hampered by COVID-19 and reduced demand for oil, the city’s most prominent housing organization predicted Tuesday.
CMHC: Retail, construction and services workers have high share of mortgage deferrals

CMHC: Retail, construction and services workers have high share of mortgage deferrals

OTTAWA — Canada's housing authority says retail, construction and services workers were the most common deferrers of mortgage payments in the first few months of the COVID-19 pandemic. New data from Canada's Mortgage and Housing Corp.
PepsiCo goes Beyond Meat in new partnership

PepsiCo goes Beyond Meat in new partnership

PepsiCo and Beyond Meat are creating a joint venture to develop snacks and drinks made from plant-based proteins. The companies didn’t reveal what kinds of products they will make Tuesday, saying they’re still in development.
US consumer confidence rebounds in January

US consumer confidence rebounds in January

WASHINGTON — U.S. consumer confidence rose in January as Americans became more optimistic about the future. The Conference Board reported Tuesday that its consumer confidence index increased to 89.3, a rebound from December when it dipped to 87.1.
New, used vehicle demand surges amid pandemic lockdowns

New, used vehicle demand surges amid pandemic lockdowns

If it wasn’t for the pandemic, Timon Wientziak probably wouldn’t be buying a car while living in downtown Toronto.
Home prices rise at fastest pace in more than 6 years

Home prices rise at fastest pace in more than 6 years

WASHINGTON — U.S. home prices jumped in November at the fastest pace in more than six years, fueled by demand for more living space as Americans stick closer to home during the pandemic. Home prices soared 9.
California: Criminal rings loot billions in jobless funds

California: Criminal rings loot billions in jobless funds

LOS ANGELES — Sophisticated hackers, identity thieves and overseas criminal rings stole over $11 billion in unemployment benefits from California last year, but the extent of the fraud might grow far larger: billions more in payments are under invest
Janet Yellen wins Senate approval as treasury secretary

Janet Yellen wins Senate approval as treasury secretary

WASHINGTON — The Senate on Monday approved President Joe Biden’s nomination of Janet Yellen to be the nation’s 78th treasury secretary, making her the first woman to hold the job in the department's 232-year history.
Canadian manufacturers predict 'tough sledding' as Biden signs Buy American order

Canadian manufacturers predict 'tough sledding' as Biden signs Buy American order

CALGARY — The head of the Canadian Manufacturers and Exporters says he expects "tough sledding" ahead for his members after U.S. President Joe Biden ordered more stringent Buy American rules for government spending.