CCL Industries sees split demand as sanitizer spikes, event sales fall

CCL Industries sees split demand as sanitizer spikes, event sales fall
Toronto-based packaging company CCL Industries Inc. said that despite strong demand for labels for over-the-counter medicine, hand sanitizer and skin cleanser, second-quarter sales were hurt by “severe” declines in products such as Avery event badges. Net earnings were $103.9 million in the three months ending June 30, down from $121.3 million in the year-ago period. Second-quarter sales slid 9.8 per... Read More

Premier Scott Moe worried U.S. could put tariff on steel after Canadian aluminum

Premier Scott Moe worried U.S. could put tariff on steel after Canadian aluminum
REGINA — Saskatchewan’s premier says he’s concerned the United States could impose a tariff on Canadian steel after the country slapped a 10 per cent import tax on aluminum. Scott Moe says the issue of tariffs has come up during regular calls with other premiers. U.S. President Donald Trump announced Thursday a 10 per cent tariff was being reimposed on raw aluminum coming from Canada. In response,... Read More

Union to extend Montreal port strike indefinitely as dock tensions escalate

Union to extend Montreal port strike indefinitely as dock tensions escalate
Montreal dock workers plan to launch a port-wide strike without an end date starting Monday, the latest move in an escalating standoff between the union and the Maritime Employers Association. The announcement Friday builds on a series of temporary strikes by the Canadian Union of Public Employees over the past month that have diverted several ships to ports in Halifax, New York... Read More

Enerplus restarting North Dakota production despite threat to pipeline

Enerplus restarting North Dakota production despite threat to pipeline
CALGARY — North Dakota oil and gas producer Enerplus Corp. says it is restoring crude production halted during the pandemic-linked oil price crash in May despite a court ruling that the Dakota Access Pipeline must be shut down. The Calgary-based company says it is confident that crude-by-rail shipping from the state can be ramped up if the decision, stayed by an... Read More

Aluminum tariffs an example of rising U.S. protectionism, trade expert says

Aluminum tariffs an example of rising U.S. protectionism, trade expert says
CALGARY — An international trade expert says Canada can expect more U.S. moves like the imposition of aluminum import tariffs as protectionism gains popularity in the United States ahead of the November presidential election. Jack Mintz, president’s fellow in the School of Public Policy at the University of Calgary, says President Donald Trump and Democratic challenger Joe Biden are both promoting “U.S.-first” policies... Read More

Second Cup to close more stores and pilot gas station drive-thrus

Second Cup to close more stores and pilot gas station drive-thrus
MISSISSAUGA, Ont. — The Second Cup Ltd. plans to close more stores, sell more of its product in grocery stores and open gas station drive-thrus as it looks to recover from the deep hit absorbed during the COVID-19 pandemic. The Mississauga, Ont.-based beverage company says a pilot program will see it open at three Petro-Canada locations in Ontario this year. Second Cup... Read More

Toronto stock market dips as uncertainties trump strong jobs reports

Toronto stock market dips as uncertainties trump strong jobs reports
TORONTO — Canada’s main stock index dipped in late morning trading as trade and stimulus uncertainties trumped stronger-than-expected jobs reports in Canada and the U.S. The S&P/TSX composite index was down 20.42 points at 16,558.68. In New York, the Dow Jones industrial average was down 44.61 points at 27,342.37. The S&P 500 index was up 2.42 points at 3,351.58 while the Nasdaq composite was up... Read More