Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (15,629.19, up 33.69 points.) The Toronto-Dominion Bank (TSX:TD). Financials. Up eight cents, or 0.13 per cent, to $60.30 on 21.8 million shares. StageZero Life Sciences Ltd. (TSX:SZLS). Health care. Up half a cent, or 9.09 per cent, to six cents on 9 million shares. St.... Read More

Gold gets a lift as hedge with Canada’s deficit surpassing $340 billion

Gold gets a lift as hedge with Canada’s deficit surpassing $340 billion
TORONTO — Canada’s main stock index moved higher along with gold prices as the country’s deficit passed $340 billion. The S&P/TSX composite index closed up 33.69 points at 15,629.19. In New York, the Dow Jones industrial average was up 177.10 points at 26,067.28. The S&P 500 index was up 24.62 points at 3,169.94, while the Nasdaq composite was up 148.61 points at 10,492.50.... Read More

Via to temporarily layoff about 1,000 workers as pandemic impacts its business

Via to temporarily layoff about 1,000 workers as pandemic impacts its business
MONTREAL — Via Rail is temporarily laying off 1,000 unionized employees as the company copes with reduced demand for travel amid COVID-19. The Montreal-based company says in a statement that the layoffs will take effect on July 24 and are its way of offsetting the increasing financial impacts of the pandemic. While some Via service has resumed since the onset of COVID-19, the... Read More

Bar owners that offer rare wine and spirits carve takeout business model

Bar owners that offer rare wine and spirits carve takeout business model
TORONTO — Bar and restaurant owners who deal in specialty alcohol say they’ve carved out a new business model around Ontario’s relaxed rules for takeout liquor, and they’ll fight to make the system permanent. In late March, the Ontario government allowed all restaurants to sell takeout alcohol alongside food to help them weather the COVID-19 lockdown. Some outlets that sell rare wines and spirits... Read More

Air Transat signs deal to use jet fuel made from captured carbon dioxide

Air Transat signs deal to use jet fuel made from captured carbon dioxide
MONTREAL — Air Transat is looking to reduce greenhouse gas emissions from its airplanes by using jet fuel made from kerosene in a process that captures carbon dioxide produced by large industrial emitters. The Montreal-based airline has signed an agreement with SAF+ Consortium, which is finalizing the fabrication of a pilot plant in Montreal to make the kerosene. The kerosene is then converted... Read More

Ontario’s private pot shops upset about giving up delivery and curbside pickup

Ontario’s private pot shops upset about giving up delivery and curbside pickup
TORONTO — Ontario’s private cannabis stores will have to give up offering delivery and curbside pickup next week — and they’re not happy about it. The stores were allowed to start offering both services in April under a temporary emergency order the Ontario government issued during the COVID-19 pandemic. While the province is working on extending its state of emergency until July 24,... Read More

Famed clothier Brooks Brothers files for bankruptcy

Famed clothier Brooks Brothers files for bankruptcy
NEW YORK — The storied Manhattan clothier Brooks Brothers is filing for bankruptcy protection. The company that says it’s put 40 U.S. presidents in its suits survived two world wars and navigated through casual Fridays and a loosening of dress standards even on Wall Street, but the coronavirus pandemic pushed the 200-year-old company into seek Chapter 11 protection Wednesday. Another... Read More

U.S., Mexican presidents meeting at White House to talk USMCA, without Canada

U.S., Mexican presidents meeting at White House to talk USMCA, without Canada
WASHINGTON — President Donald Trump is meeting today with his Mexican counterpart to celebrate North America’s new trade deal — without Canada. Prime Minister Justin Trudeau declined to join the talks, citing the ongoing COVID-19 pandemic, today’s sitting of the House of Commons and the continuing threat of U.S. tariffs against Canadian aluminum. The U.S. Trade Representative’s office has accused Canada of exceeding... Read More

DavidsTea requests court protection while it negotiates with landlords

DavidsTea requests court protection while it negotiates with landlords
MONTREAL, Ont. — DavidsTea is seeking court protection from creditors so it can continue operating while it restrutures and plans to close a significant number of its stores. The Montreal-based company said Wednesday it will seek an order in Quebec Superior Court to allow it to restructure under the Companies’ Creditors Arrangement Act. It also plans to seek similar orders for... Read More