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 (15,713.82, up 145.18 points.) Baytex Energy Corp. (TSX:BTE). Energy. Up three cents, or 4.48 per cent, to 70 cents on 8.8 million shares. The Bank of Nova Scotia (TSX:BNS). Financials. Up $1.41, or 2.6 per cent, to $55.54 on 8.3 million shares. Enbridge Inc. (TSX:ENB).... Read More

Shaw posts lower third-quarter profit, revenue amid COVID-related store closures

Shaw posts lower third-quarter profit, revenue amid COVID-related store closures
CALGARY — Shaw Communications Inc.’s third-quarter revenue and profit were down from the same time last year due to COVID-19’s impact on its internet, cable and wireless businesses. Net income fell 18.9 per cent from the same time last year to $184 million or 35 cents per share, it announced Friday after stock markets closed. Revenue for the three months... Read More

Grocers defend pandemic pay cut decisions as independently made despite emails, calls

Grocers defend pandemic pay cut decisions as independently made despite emails, calls
OTTAWA — Executives from three of Canada’s largest grocery chains onFriday defended their decision to end temporary wage increases for grocery store workers during COVID-19 on the same day, even though the companies had exchanged “courtesy” calls and emails. The House of Commons standing committee on industry, science and technology grilled executives from Loblaw Companies Ltd., Empire Co. Ltd. and Metro Inc.... Read More

Job numbers show cautious optimism with long road ahead: B.C. finance minister

Job numbers show cautious optimism with long road ahead: B.C. finance minister
VICTORIA — Statistics Canada’s labour force survey for June shows 118,000 people in B.C. found jobs and the unemployment rate fell slightly to 13 per cent. Finance Minister Carol James says the latest numbers paint a picture of cautious optimism with a long road ahead on B.C.’s path to recovery during the COVID-19 pandemic. She says job gains in May and June bring back about 40... Read More

Manitoba says aid programs could be tweaked to help more workers return

Manitoba says aid programs could be tweaked to help more workers return
WINNIPEG — New figures from Statistics Canada show Manitoba’s job numbers are rebounding from the COVID-19 pandemic. The agency says 29,000 more Manitobans were working in June compared with May. The agency says Manitoba’s employment numbers are 93 per cent of what they were before the pandemic began — the second-highest rate among the provinces. But the numbers also show... Read More

Shell’s Quest carbon capture project hits milestone of five million tonnes

Shell’s Quest carbon capture project hits milestone of five million tonnes
CALGARY — Shell Canada says the Quest carbon capture and storage project north of Edmonton has reached the milestone of five million tonnes of stored carbon dioxide, equivalent to the annual emissions of about 1.25 million cars. It says the accomplishment was achieved ahead of schedule and has been attained at a lower cost than expected. Quest opened in 2015 and cost... Read More

Judge rejects Dakota Access pipeline request to stop closure

Judge rejects Dakota Access pipeline request to stop closure
BISMARCK, N.D. — A federal judge rejected a request from the operator of the Dakota Access Pipeline to halt an order to shut down the oil pipeline during a lengthy environmental review. U.S. District Judge James Boasberg denied the company’s request Thursday, effectively sending the case to a panel of judges on the U.S. Court of Appeals for the District... Read More

MTY Food Group reports $99.1M second-quarter loss due to one-time charge

MTY Food Group reports $99.1M second-quarter loss due to one-time charge
MONTREAL — MTY Food Group Inc. reported a second-quarter loss of $99.1 million as the company took a $120.3-million non-cash impairment charge related to property, plant and equipment, intangible assets and goodwill due to the pandemic. The restaurant company behind such brands as Thai Express, Tiki-Ming, Tutti Frutti and Valentine says the loss amounted to $4.01 per diluted share for the... Read More

Statistics Canada to release June jobs report as pandemic restrictions ease

Statistics Canada to release June jobs report as pandemic restrictions ease
OTTAWA — Statistics Canada is set this morning to give a snapshot of the job market as it was last month as pandemic-related restrictions eased and reopenings widened. Economists expect the report will show a bump in employment as a result, further recouping some of the approximately three million jobs lost over March and April. Financial data firm Refinitiv says... Read More