Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (15,188.98, down 257.16 points.) TC Energy Corp. (TSX:TRP). Energy. Down $1.41, or 2.41 per cent, to $57.15 on 26.9 million shares. Zenabis Global Inc. (TSX:ZENA). Health care. Down one cent, or 12.5 per cent, to seven cents on 17.6 million shares. Power Corporation of Canada... Read More

WestJet to end physical distancing policy as domestic air travel picks up

WestJet to end physical distancing policy as domestic air travel picks up
WestJet Airlines Ltd. says it will end its seat distancing policy on board its aircraft starting July 1. The carrier has blocked the purchase of middle seats and adjacent seats for the past few months to prevent the spread of COVID-19. With domestic air travel starting to nudge higher, WestJet says it will revert to health recommendations from the International Air Transport... Read More

Freshii swings to US$2.5-million loss in first quarter as revenue falls

Freshii swings to US$2.5-million loss in first quarter as revenue falls
TORONTO — Freshii Inc. swung to a US$2.5-million loss in its first quarter as revenue fell 11 per cent from a year ago. The Toronto-based chain of eateries says it lost eight cents per share for the period ended March 29, when 37 per cent of its locations were closed because of the pandemic. Freshii, which reports in U.S. dollars,... Read More

Amazon looks to self-driving future by acquiring Zoox

Amazon looks to self-driving future by acquiring Zoox
NEW YORK — Amazon said Friday that it is buying self-driving technology company Zoox, which is developing an autonomous vehicle for a ride-hailing service that people would request on their phones. Seattle-based Amazon did not disclose how much it is paying for Zoox, which was founded six years ago in Foster City, California. The online retailing giant said Zoox will... Read More

Kanye West to bring Yeezy brand, but not sneakers, to Gap

Kanye West to bring Yeezy brand, but not sneakers, to Gap
NEW YORK — Kanye West is bringing his Yeezy brand to Gap. The rap superstar will design adult and kids’ clothing that will be sold at the chain’s stores next year. Yeezy is best known for pricey sneakers that sell out online quickly. But Yeezy footwear, made with sneaker company Adidas, won’t be sold at Gap stores. San Francisco-based Gap... Read More

One-time charges weigh on Corus Q3 results, revenue drops as advertising slows

One-time charges weigh on Corus Q3 results, revenue drops as advertising slows
TORONTO — Television and radio broadcaster Corus Entertainment Inc. lost $752.3 million in its latest quarter as it took a one-time impairment charge related its to broadcast licenses and goodwill. The media company, which includes Global Television, says the loss amounted to $3.61 per diluted share for the quarter ended May 31 compared with a profit of $66.4 million or... Read More

Supreme Court sides with Uber driver seeking better pay, benefits

Supreme Court sides with Uber driver seeking better pay, benefits
OTTAWA — The Supreme Court of Canada has cleared the way for Uber drivers to take the next step in their fight to be recognized as employees. In a decision today, the high court upheld an Ontario Court of Appeal decision that opened the door to a class-action suit aimed at securing a minimum wage, vacation pay and other benefits for drivers. The man... Read More