Nutrien takes $587-million loss on phosphate fertilizer impairment charge

Nutrien takes $587-million loss on phosphate fertilizer impairment charge
SASKATOON — Nutrien Ltd. is reporting a third-quarter net loss of US$587 million thanks mainly to an US$823-million writedown in the value of its phosphate fertilizer operations. The Saskatoon-based company, which reports its results in U.S. dollars, says its loss equates to $1.03 per diluted share, compared with earnings of $141 million or 24 cents per share in the same... Read More

Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (15,696.87, up 116.23 points.) Enbridge Inc. (TSX:ENB). Energy. Down 30 cents, or 0.82 per cent, to $36.41 on 7.4 million shares. Monarch Gold Corp. (TSX:MQR). Materials. Up 12 cents, or 27.27 per cent, to 56 cents on 6.9 million shares. Suncor Energy... Read More

Dorel shares climb after company reveals plan to go private

Dorel shares climb after company reveals plan to go private
TORONTO — Shares in Dorel Industries Inc. were up nearly five per cent in afternoon trading Monday after the company announced a going-private deal with a group led by Cerberus Capital Management and the family that controls the consumer products company’s multiple-voting shares. The preliminary offer — which values the maker of car seats, strollers, bicycles and home furniture at... Read More

Firms with more robots also have more workers overall, Statistics Canada study says

Firms with more robots also have more workers overall, Statistics Canada study says
  OTTAWA — Statistics Canada says domestic firms that invested in robots since the late 1990s have also expanded their human workforces, suggesting a less than “apocalyptic” result for workers overall. The findings released today show that over two decades, firms that invested in automation had workforces 15 per cent larger relative to other companies in the same industry. Overall... Read More

‘Darwinian moment:’ Pandemic pushes some Canadian companies to thrive, others to fail

‘Darwinian moment:’ Pandemic pushes some Canadian companies to thrive, others to fail
  With the threat of extinction hanging heavy over companies during the pandemic, a top tech executive says we’re having a “Darwinian moment” that will see some firms emerge stronger while others will succumb to difficult conditions. Microsoft Canada president Kevin Peesker said in an interview that COVID-19 has been a catalyst for digital transformation. But he said while some... Read More

Iamgold suspends activity at Quebec underground gold mine after ‘seismic event’

Iamgold suspends activity at Quebec underground gold mine after ‘seismic event’
TORONTO — Iamgold Corp. says it has shut down operations at its Westwood underground gold mine in southern Quebec following a “seismic event” on Friday afternoon. The Toronto-based company says all employees were safely brought to the surface after the event which occurred at about 2:30 p.m. ET. The company adjusted the way it operates the mine after reporting increased... Read More

Midwestern states with few virus rules have low unemployment

Midwestern states with few virus rules have low unemployment
OMAHA, Neb. — Five of the six states with the nation’s lowest unemployment rates are in the Midwest, have Republican governors and have almost no restrictions intended to slow the spread of the coronavirus. The governors say their decisions not to impose harsher restrictions are paying off with fewer business closures and more hiring reflected in the strong jobless numbers.... Read More

Fire & Flower to buy longtime cannabis advocate Friendly Stranger

Fire & Flower to buy longtime cannabis advocate Friendly Stranger
TORONTO — Fire & Flower Holdings Corp. has signed a deal to buy Friendly Stranger Holdings Corp., the longtime cannabis advocate. Under the agreement, Fire & Flower will issue 31.1 million shares to acquire the brand making the proposal worth about $23 million based on Fire & Flower’s share price of 74 cents on Friday. Friendly Stranger was a cannabis... Read More