Postmedia workers at Toronto printing plant officially unionized by CMG

Postmedia workers at Toronto printing plant officially unionized by CMG
TORONTO — The Canadian Media Guild says press room workers at Postmedia’s Toronto printing plant have officially been unionized. The union, which is a local of CWA Canada, says the Ontario Labour Relations Board approved an application Thursday after workers voted 48 to 18 to join the union. The union says the printing plant’s workers have endured years of cuts... 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 (15,622.40, up 107.18 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Up 1.5 cents, or 3.57 per cent, to 43.5 cents on 7.9 million shares. Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up 51 cents, or 2.17 per cent, to $24.06 on 6.7 million shares. Manulife Financial Corp.... Read More

North American stock market celebrations of U.S. jobs report muted by COVID cases

North American stock market celebrations of U.S. jobs report muted by COVID cases
TORONTO — Record daily COVID-19 infections in Florida muted some of the celebrations on North American stocks markets prompted by a stronger-than-expected U.S. jobs report. The S&P/TSX composite index closed up 107.18 points at 15,622.40, some 206 points below its intraday high. In New York, the Dow Jones industrial average was up 92.39 points at 25,827.36. The S&P 500 index was... Read More

Nestle Canada selling bottled water business to local family-owned company

Nestle Canada selling bottled water business to local family-owned company
TORONTO — Nestle Canada Inc. says it is selling its Pure Life bottled water business to Ice River Springs as Ontario prepares to give its municipalities veto power over new water bottling permits. The sale for an undisclosed price is expected to close in the third quarter and is contingent on regulator approval. The sale includes two factories located in Puslinch,... Read More

Trans Mountain timeline: A look at key dates in the project’s history

Trans Mountain timeline: A look at key dates in the project’s history
OTTAWA — The Trans Mountain pipeline expansion cleared another legal hurdle Thursday when the Supreme Court of Canada denied leave to appeal to First Nations that argue they were not properly consulted about the project. The decision appears to end legal arguments about Ottawa’s decision to approve the project, which is already under construction. Here are some other key dates... Read More

Broad rally helps boost S&P/TSX composite, U.S. stocks also up after jobs report

Broad rally helps boost S&P/TSX composite, U.S. stocks also up after jobs report
TORONTO — A broad-based rally on the Toronto Stock Exchange helped boost Canada’s main stock index, while U.S. stock markets rose in the wake of a stronger-than-expected jobs report. The S&P/TSX composite index was up 188.12 points at 15,703.34. In New York, the Dow Jones industrial average was up 181.7 points at 25,916.67. The S&P 500 index was up 22.63... Read More

Michigan governor closes indoor bars, allows to-go cocktails

Michigan governor closes indoor bars, allows to-go cocktails
Michigan Gov. Gretchen Whitmer said Wednesday that she was closing indoor seating in bars in parts of the state, including a college town where one brewpub has been linked to about 140 infections. Whitmer also signed a bill allowing bars and restaurants to sell to-go cocktails in an effort to help those businesses. Bars won’t have to close down completely... Read More

Sagicor Financial calls off deal with Scotiabank in Trinidad and Tobago

Sagicor Financial calls off deal with Scotiabank in Trinidad and Tobago
TORONTO — Sagicor Financial Co. Ltd. says it will not go ahead with its acquisition of ScotiaLife Trinidad and Tobago Ltd. The company made the decision after it and Scotiabank Trinidad and Tobago Ltd. agreed not to proceed with a 20-year distribution agreement for insurance products in Trinidad and Tobago. Sagicor provides financial services in the Caribbean as well as... Read More