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 (16,575.28, down 78.27 points) StageZero Life Sciences Ltd. (TSX:SZLS). Health care. Up 2.5 cents, or 38.46 per cent, to nine cents on 17.8 million shares. Enbridge Inc. (TSX:ENB). Energy. Up 43 cents, or 0.96 per cent, to $45.09 on 8.6 million shares. Suncor Energy... Read More

$72 million awarded to provide better internet for 51 northern communities

$72 million awarded to provide better internet for 51 northern communities
Five projects serving 51 communities in northern Canada have been awarded $72 million from the CRTC’s Broadband Fund, a program that CRTC chairman Ian Scott says has become even more necessary due to the COVID-19 pandemic. Most of the money, which is subject to various conditions, will flow to a subsidiary of Canada’s largest telecommunications company and the remaining $9.9 million... Read More

Manitoba pushes economic rebound as COVID-19 cluster linked to meat plant grows

Manitoba pushes economic rebound as COVID-19 cluster linked to meat plant grows
BRANDON, Man. — The Manitoba government has launched a campaign promoting a restart to the economy in a city that has seen a large increase in COVID-19 cases connected to a cluster in a meat-processing plant. Premier Brian Pallister said holding the Progressive Conservative caucus meeting in Brandon shows the province’s support for the city’s future. “We recognize that here in this part of... Read More

Birchcliff Energy reports wider second-quarter loss on lower oil, liquids prices

Birchcliff Energy reports wider second-quarter loss on lower oil, liquids prices
CALGARY — Natural gas producer Birchcliff Energy Ltd. is reporting a $39.5-million second-quarter loss compared with a loss of $9.5 million in the year-earlier period. The Calgary-based company says its loss in the three months ended June 30 amounts to 15 cents per share versus a loss of four cents a share a year ago and analyst expectations of a 14-cent loss,... Read More

Former Starbucks Canada employee sues for unpaid OT on behalf of store managers

Former Starbucks Canada employee sues for unpaid OT on behalf of store managers
TORONTO — A former Starbucks Canada employee is suing the company for unpaid overtime for himself and other store managers. Trevor Hopman is the lead plaintiff in a proposed class action that claims Starbucks was wrong to class store managers as exempt from overtime pay for work in excess of 44 hours per week. Hopman worked for Starbucks in Toronto from 2010... Read More

North American stock markets surge higher in late-morning trading, loonie up

North American stock markets surge higher in late-morning trading, loonie up
TORONTO — The heavyweight industrial and materials sectors led a broad-based rally in late-morning trading as Canada’s main stock index posted a triple-digit advance, while U.S. stocks also surged higher. The S&P/TSX composite index was up 146.53 points at 16,643.54. In New York, the Dow Jones industrial average was up 240.85 points at 27,927.76. The S&P 500 index was up... Read More

Ontario budget deficit projected to jump to $38.5 billion in 2020-2021

Ontario budget deficit projected to jump to $38.5 billion in 2020-2021
TORONTO — The COVID-19 pandemic continues to take a heavy toll on Ontario, the provinces’s finance minister said Wednesday, as he announced the government has nearly doubled its deficit projection to $38.5 billion in just three months. Finance Minister Rod Phillips said the pandemic has created an “unprecedented health crisis” and the province had to spend billions to support the health-care sector and help... Read More

Shoppers Drug Mart to test three medical clinics in Toronto area this year

Shoppers Drug Mart to test three medical clinics in Toronto area this year
TORONTO — Shoppers Drug Mart is opening a medical clinic in Toronto where family physicians will be available to take on a roster of patients and take appointments for walk-in services. The pharmacy chain says its pilot clinic at Lawrence Avenue and Dufferin Street in is one of three test clinics planned for the Greater Toronto Area this year. Shoppers,... Read More

CAE plans restructuring as flight simulator’s Q1 revenue drops by one-third

CAE plans restructuring as flight simulator’s Q1 revenue drops by one-third
MONTREAL, Ont. — CAE Inc. is planning to restructure the company at a cost of $100 million over the next 12 months following a painful earnings plunge last quarter. “The full brunt of the COVID-19 pandemic hit us during our first quarter, with sharply lower demand and major disruptions to our global operations,” CEO Marc Parent said in a release Wednesday. The... Read More