COVID-19 outbreak declared at Cargill processing facility in Calgary

An outbreak of COVID-19 has been declared at a Cargill facility in Calgary. It's a "further processing" facility that provides retail meat products for supermarkets across Western Canada.
Five cases of the virus have been confirmed at the facility, according to the latest provincial update.
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Freshii sees sales start to recover as most of its restaurants reopen

TORONTO -- Freshii Inc. says its core lunch business remains in "recovery mode" even though overall company sales have started to recover with the reopening of most of its restaurants that were temporarily closed to help prevent the spread of COVID-19.
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Materials sector weighs on Toronto market as gold price falls again

TORONTO -- Canada's main stock index dipped into the red Friday as the materials sector weighed it down amid falling gold prices. Meanwhile, major indexes south of the border were mixed though all, including the Toronto Stock Exchange's main index, had a change of less than one per cent.
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Competition Bureau launches probe of Amazon, seeks input from businesses

OTTAWA -- The Competition Bureau has launched a new probe into Amazon's conduct to determine whether the online retailer is harming competition.
The investigation, which is seeking confidential information from Canadian businesses, will include a particular focus on "potential abuse of dominance.
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TORONTO -- Canadians appear to be at odds on whether they think the The Canada Emergency Response Benefit (CERB) will be extended again. There has been no indication the relief measure will be extended. But depending on who you speak, it is sure to generate a mixed response.
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Record lumber prices adding thousands of dollars to new home building costs

CALGARY -- Soaring lumber and wood panel prices are adding thousands of dollars to the cost of building a home in Canada as strong renovation and new housing demand meets a shortage of supply.
The latest price list from research firm Random Lengths shows SPF (spruce, pine, fir) two-by-four boards at a "mindboggling" record level of US$760 per thousand board feet, up $82 on the week, according to Kevin Mason, managing director of ERA Forest Products Research.
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Malaysian economy shrinks 17 per cent in worst contraction on record

KUALA LUMPUR, MALAYSIA -- Malaysia has reported its economy contracted 17 per cent in the last quarter in its worst downturn since the global financial crisis.
The central bank said the real rate of annual growth was 16.5 per cent in the April-June quarter, down from a 2 per cent contraction in the first quarter of the year.
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Cineplex reports $98.9-million Q2 loss with movie theatres closed

TORONTO -- Cineplex Inc.'s chief executive is hoping that ending an agreement with a virtual reality golf company, films debuting in Canada before the U.S. and a slew of COVID-19 measures will right his business as it struggles with mounting costs for movie theatres that sat closed for months.
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U.S. tour boat operator David Kay is frustrated. He said he's prohibited from entering Canadian waters in the St. Lawrence River, yet he continually sees Canadian tour boats travel along the same river into U.S. waters. 
"We can't go over there and they can come over here," said Kay, owner of Clayton Island Tours in Clayton, N.Y.
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Canada's Competition Bureau has launched an investigation into online selling powerhouse to examine whether the website's U.S. owners are "impacting competition to the detriment of consumers and companies that do business in Canada."
The competition watchdog said in a release Friday that while its probe is ongoing and stressed that "there is no conclusion of wrongdoing at this time," the bureau is looking into whether or not the site may be engaging in anti-competitive practices, including:
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Asian shares mixed on weak China data, worries over pandemic

TOKYO -- Asian shares were mostly higher in cautious trading Friday as investors studied fresh data out of China showing that its recovery remains subdued.
China reported factory output rose 4.8% from a year earlier in July, on a par with June's increase.
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Materials sector weighs on Toronto market in late-morning trading

TORONTO -- Canada's main stock index edged lower in late-morning trading, weighed down by losses in the materials sector, while U.S. stock markets were mixed.
The S&P/TSX composite index was down 15.24 points at 19,136.05.
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China factory output flat, retail sales slip in July

BEIJING -- China's factory output rose just under 5 per cent last month from a year earlier while retail sales fell slightly, suggesting the country's recovery from the coronavirus pandemic remains muted.
The data reported on Friday show that despite a rebound in Chinese exports, domestic demand in the world's second-largest economy is still lacklustre.
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