Day: March 25, 2020

Most actively traded companies on the TSX

Editor
Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (13,139.28, up 568.15 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Up six cents, or 13.64 per cent, to 50 cents on 28.7 million shares. Cenovus Energy Inc. (TSX:CVE). Energy. Up 27 cents, or 10.51 per cent, to $2.84 on 15.6 million shares. TC Energy Corp. (TSX:TRP). Energy. Up... Read More

Food companies temporarily boost employee pay during COVID-19 outbreak

CanadianInvestor
Food companies temporarily boost employee pay during COVID-19 outbreak
Some of Canada’s food processors joined other companies in increasing pay for hourly staff working hard to ensure the country’s food supply remains strong during the COVID-19 pandemic. “In this global crisis, we are compelled to look beyond our business and do what we can to support the many dedicated people who continue to deliver the critical services we depends on,”... Read More

Liberals rejig benefits for workers affected by COVID-19

CanadianInvestor
Liberals rejig benefits for workers affected by COVID-19
OTTAWA — The Liberals are repackaging two previously promised benefits for Canadians whose working lives are disrupted by COVID-19, a change that will almost double direct spending in the government’s economic plan to $52 billion. Combining the two benefits into one will mean a $2,000 per month payment for up to four months to workers whose income drops to zero because of the pandemic, including if they... Read More

As pandemic spreads, a wave of executive teams announce pay cuts

CanadianInvestor
As pandemic spreads, a wave of executive teams announce pay cuts
TORONTO — Murray Mullen says he was focused on the bigger picture when he approached senior executives and directors at his trucking and logistics business about taking pay cuts in response to the COVID-19 crisis. The chief executive of Mullen Group Ltd. projected how the virus could wreak havoc on the Alberta-based business, which was founded by his family and is now traded on the... Read More

Residential tenants, landlords face dilemma as rent comes due on April 1

CanadianInvestor
Residential tenants, landlords face dilemma as rent comes due on April 1
As the economic impact of the COVID-19 pandemic ripples across Canada, another wave may crest within the week as rent comes due for residential tenants. April 1 is a pressing deadline for tenants and landlords alike as the novel coronavirus keeps people at home and closes businesses, leaving tens of thousands of Canadians out of work. “It reminds me of a... Read More

Shippers face an upended market amid pandemic — with some poised to benefit

CanadianInvestor
Shippers face an upended market amid pandemic — with some poised to benefit
MONTREAL — Shippers are flying into uncharted territory as the COVID-19 pandemic upends delivery patterns, with surging consumer demand mitigating a slumping global economy exacerbated by border closures and travel controls. E-commerce is on the rise as non-essential businesses remain closed in Ontario and Quebec and the prime minister encourages Canadians to stay home. Amazon Inc., the country’s largest online retailer, said... Read More

Enterprise suspends CarShare service because of coronavirus outbreak

CanadianInvestor
Enterprise suspends CarShare service because of coronavirus outbreak
TORONTO — Enterprise Holdings Inc. says it will suspended its carsharing service starting Friday because of the coronavirus pandemic. The car rental agency says that its CarShare program will close indefinitely to “ensure the safety of our community.” The service allows customers to remotely rent vehicles scattered about cities for short periods, making it difficult for the company to clean the cars between uses.... Read More