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Starbucks plans to close up to 200 Canadian locations over two years

Starbucks plans to close up to 200 Canadian locations over two years

TORONTO — Starbucks is planning to close up to 200 coffee shops across Canada as it responds to changes in consumer habits during the COVID-19 pandemic.
Former Bank of Canada governor Mark Carney to release book next spring

Former Bank of Canada governor Mark Carney to release book next spring

Former Bank of Canada governor Mark Carney is releasing a new book laying out his vision for a more equitable post-pandemic economy.
Retailer Dollarama reports Q1 profit down from year ago, but sales rise

Retailer Dollarama reports Q1 profit down from year ago, but sales rise

Dollarama Inc. experienced a drop in profit during its most recent quarter, but still topped the expectations of analysts who believed the pandemic would weigh more on the company's bottom line.
Lowe's strikes deal to build $120-million Calgary distribution centre

Lowe's strikes deal to build $120-million Calgary distribution centre

CALGARY — Lowe's Canada says work will start this month on a new distribution centre located northeast of Calgary designed to improve its in-store and online operations in Western Canada.
Virus pummels global economy, jobs - even without 2nd wave

Virus pummels global economy, jobs - even without 2nd wave

PARIS — The virus crisis has triggered the worst global recession in nearly a century -- and the pain is not over yet even if there is no second wave of infections, an international economic report warned Wednesday.
May consumer prices fall 0.1%, the third consecutive month

May consumer prices fall 0.1%, the third consecutive month

WASHINGTON — U.S. consumer prices dropped in May for the third straight month as the coronavirus pandemic pushed the American economy into a recession. The Labor Department said Wednesday that its consumer price index fell 0.
US consumer spending sinks by record 13.6% in face of virus

US consumer spending sinks by record 13.6% in face of virus

WASHINGTON — U.S. consumer spending plunged by a record-shattering 13.6% in April as the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy into a deep recession.
'Cops,' on air for 33 seasons, dropped by Paramount Network

'Cops,' on air for 33 seasons, dropped by Paramount Network

LOS ANGELES — After 33 seasons on the air, “Cops” has been dropped by the Paramount Network as protests against police proliferate around the world.
Movie theatres, shuttered for months, plan July reopening

Movie theatres, shuttered for months, plan July reopening

NEW YORK — After three months of near total blackout of cinemas nationwide, movie theatres are preparing to reopen — even if it means only a few titles on the marquee and showings limited to as little as 25% capacity.
Ontario child-care centres to reopen Friday; Some parents reluctant to send kids

Ontario child-care centres to reopen Friday; Some parents reluctant to send kids

TORONTO — Child-care centres in Ontario will be allowed to reopen Friday with a long list of restrictions in place, including on the number of people per room, extra cleaning and COVID-19 screening measures.