Manitoba job program will be extended another two months: Pallister

Manitoba job program will be extended another two months: Pallister
WINNIPEG — The Manitoba government is once again expanding a wage-subsidy program designed to help create jobs during the COVID-19 pandemic. Premier Brian Pallister says the Back To Work program will be extended by two months until Dec. 31. The program offers money to businesses that hire new staff or rehire people who have been laid off during the pandemic.... Read More

Osisko Gold reports Stornoway’s Renard diamond mine to restart this month

Osisko Gold reports Stornoway’s Renard diamond mine to restart this month
MONTREAL — The Renard diamond mine in northern Quebec is to reopen this month after being shut down in March as part of the province’s mining lockdowns in response to the COVID-19 pandemic. Minority shareholder Osisko Gold Royalties Ltd. says operator Stornoway Diamonds Canada Inc. has approved a plan that includes $30 million in cost reductions over the first 16... Read More

Amazon to hire 100,000 to keep up with online shopping surge

Amazon to hire 100,000 to keep up with online shopping surge
NEW YORK — Amazon will hire another 100,000 people to keep up with a surge of online orders. The company said Monday that the new hires will help pack, ship or sort orders, working in part-time and full-time roles. Amazon said the jobs are not related to its typical holiday hiring. The Seattle company reported record profit and revenue between... Read More

Calfrac delays vote on recapitalization plan to Sept. 29 after Wilks Brothers offer

Calfrac delays vote on recapitalization plan to Sept. 29 after Wilks Brothers offer
CALGARY — Calfrac Well Services Ltd. is postponing a vote on its recapitalization plan following an unsolicited takeover offer for the company by Texas-based Wilks Brothers LLC. The Calgary-based company says it will now hold a vote by its shareholders and unsecured noteholders on the management reorganization plan on Sept. 29 instead of Sept. 17. Wilks Brothers, which owns a... Read More

North American stock markets move higher to start the trading week

North American stock markets move higher to start the trading week
Canada’s main stock index posted a triple-digit advance in early trading, while U.S. stock markets also surged higher to start the week. The S&P/TSX composite index was up 108.81 points  at 16,331.27. In New York, the Dow Jones industrial average was up 239.29 points at 27,904.93. The S&P 500 index was up 44.72 points at 3,385.69, while the Nasdaq composite... Read More