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Dominion Diamond granted creditor protection, plans restructuring 

CALGARY- Dominion Diamond Mines ULC has been granted creditor protection under the  Companies’ Creditors Arrangement Act. The company says the CCAA filing was brought on by the impact of the COVID-19 pandemic, which closed the diamond markets. Dominion operates the Ekati diamond mine, in which it owns a controlling interest, ...

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Railways confronting a tough year ahead as volumes drop amid looming recession 

By Christopher Reynolds THE CANADIAN PRESS MONTREAL- Canada’s two main railways face a bleak year ahead as a looming recession weighs on freight volumes. Carloads fell more than 17 per cent year over year last week, part of a growing decline in shipments since the start of the year and ...

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Quebec miners go back to work with new restrictions to limit COVID 19 spread 

By Dan Healing THE CANADIAN PRESS TORONTO- Companies with mines in Quebec are moving to restart suspended operations after the province announced Monday it would redesignate mining, residential construction, auto mechanics and landscaping operations as essential services starting Wednesday. The industries were included in a three-week shutdown of all non-essential ...

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Trudeau promises ‘relaxed’ rules for wage subsidy, more support for student jobs 

OTTAWA- Prime Minister Justin Trudeau says the federal wage-subsidy program for employers hit by COVID-19 will have looser standards than previously announced. Rather than having to show a 30-per-cent decline in revenues, he says they can show a 15-per-cent decline in March, and can compare their revenues to previous months ...

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Kahnawake COVID-19 Relief Fund Receives $1 Million From Mohawk Online

(Mohawk Territory of Kahnawake – 8, Onerahtókha/April 2020) The Mohawk Council of Kahnawà:ke (“MCK”) and Mohawk Online Limited (“MOL”) are pleased to announce that the Kahnawà:ke Economic Relief Measures Fund will be receiving a significant boost to aid in the efforts to help the community during this challenging time. MOL ...

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Cameco, Orano shut down Saskatchewan uranium facilities due to COVID 19 fears 

SASKATOON-Hundreds of employees are being sent home in northern Saskatchewan as Cameco Corp. suspends production at its Cigar Lake uranium mine and partner Orano Canada Inc. closes its affiliated McClean Lake uranium mill. The companies say their facilities will be placed in maintenance mode for four weeks due to the ...

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Ekati Diamond Mine shut down to prevent spread of COVID 19 to staff, communities 

CALGARY- Canada’s oldest diamond mine is being shut down to protect workers and local communities from the spread of the COVID-19 pandemic. Calgary-based Dominion Diamond Mines ULC says in a message on its website that none of the employees at its Ekati Diamond Mine about 300 kilometres northeast of Yellowknife ...

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Conference Board says Canada to avoid technical recession despite hit 

By Ross Marowits THE CANADIAN PRESS TORONTO- Canada will avoid a technical recession even as the COVID-19 pandemic curtails consumer and business spending, and oil prices have cratered, the Conference Board of Canada said Tuesday.   After slowing to end the year, economic growth has been weak in the first ...

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