TMX considering relief measures to help listed companies deal with COVID impact

TMX considering relief measures to help listed companies deal with COVID impact
TORONTO — The TMX Group Ltd. says it is considering potential relief measures including rule amendments to help clients face the challenges resulting from the COVID-19 pandemic. “TMX is committed to working to serving our listed issuers and to provide them with the support they need during this unprecedented challenge,” spokeswoman Catherine Kee said in an email. She said it... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (12,170.52, up 449.10 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Up three cents, or 6.67 per cent, to 48 cents on 22.7 million shares. Cenovus Energy Inc. (TSX:CVE). Energy. Up nine cents, or 3.96 per cent, to $2.36 on 18.5 million shares. Canadian Natural Resources Ltd. (TSX:CNQ).... Read More

Some Canadian companies embarking on hiring sprees amid COVID-19 layoffs

Some Canadian companies embarking on hiring sprees amid COVID-19 layoffs
TORONTO — While scores of Canadian employers have been laying off workers across the country amid an outbreak of novel coronavirus, Cherif Habib has been doing the exact opposite. His Montreal-based provider of telehealth services is adding 250 employees to the company, including nurse clinicians and practitioners, social workers and psychologists to keep up with a “sharp” increase in demand.... Read More

Sunwing offers free seats on repatriation flights to stranded Canadians

Sunwing offers free seats on repatriation flights to stranded Canadians
TORONTO — Sunwing Airlines Ltd. is offering vacant seats on its repatriation flights free of charge to any Canadians stranded in sun-kissed parts of the hemisphere, including to non-Sunwing customers. “We understand a lot of Canadians are still stranded outside the country and struggling to get home,” said Stephen Hunter, CEO of the airline’s parent company. “That’s why we want to open up... Read More

Reducing liquor store hours could undermine containment efforts: epidemiologist

Reducing liquor store hours could undermine containment efforts: epidemiologist
An epidemiologist says cutting liquor store hours amounts to a half-measure that could undermine efforts to contain COVID-19. Donald Milton, who studies the spread of virus particles at the University of Maryland, says that reducing hours could crowd more customers into liquor stores and create needless lineups. Government-run liquor stores in provinces including Ontario, Quebec and Nova Scotia are scaling back... Read More

Agnico Eagle sends Nunavut mine workers home to guard against COVID-19 spread

Agnico Eagle sends Nunavut mine workers home to guard against COVID-19 spread
TORONTO — Agnico Eagle Mines Ltd. says it’s sending its local workforce home from its Nunavut mining operations for four weeks to protect them and their communities from the potential spread of the COVID-19 outbreak as the territorial government declares a public health emergency. The Toronto-based gold miner says it will continue to pay those workers and it’s meeting with its... Read More

Producers advised to spend nothing on drilling as oil price hovers at US$25

Producers advised to spend nothing on drilling as oil price hovers at US$25
CALGARY — World oil prices have fallen so low that producers in Canada are being advised not to spend any money on drilling and, in some cases, to stop producing crude oil from existing wells. Benchmark U.S. crude oil prices rebounded Thursday from near-20-year-lows on Wednesday but remained near US$25 per barrel, a level at which conserving cash is the only way... Read More

Canada, U.S. working out details of cross-border non-essential travel ban

Canada, U.S. working out details of cross-border non-essential travel ban
OTTAWA — Closure of the world’s longest undefended border will begin in earnest today as Canada and the United States work out the details of banning non-essential travel between the two countries. Prime Minister Justin Trudeau and President Donald Trump announced the ban Wednesday, intended to help curtail the rapid spread of COVID-19 without disrupting the flow of essential goods and... Read More