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National Business
National Business
CAE to lay off 350 employees — mostly in Canada — as Q1 revenue drops by a third
MONTREAL, Ont. — CAE Inc. plans to lay off 350 employees before November, part of a restructuring program slated to cost $100 million following a loss of more than that in its latest quarter as revenue fell by a third.
Aug 12, 2020 2:39 PM
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Metro sales up more than 10% as Canadians eat at home; profit rises to $263.5M
Metro Inc. expects to continue to benefit from COVID-19 thanks to strong sales and decreasing coronavirus-related costs as the grocer recently ended its temporary wage bump for employees who worked through the early days of the pandemic.
Aug 12, 2020 1:41 PM
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Bonavista to be delisted from exchange after completing shares-for-debt deal
CALGARY — Bonavista Energy Corp. says it has completed a recapitalization plan that will result in a nickel-per-share payout for its shareholders and its delisting from the Toronto Stock Exchange.
Aug 12, 2020 1:35 PM
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Boston Fed chief: States' rush to reopen slowed US recovery
WASHINGTON — A top official at the Federal Reserve criticized the decision by many states to reopen businesses this spring before getting the virus fully under control, and said those choices have hindered an economic recovery in the U.S.
Aug 12, 2020 12:31 PM
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Australian oilfield buoys Total Energy Q2 report despite North American weakness
CALGARY — Shares in Total Energy Services Inc. are up after it reported a 68 per cent decline in revenue in the second quarter due to a near collapse in oilfield activity in North America but beat analyst estimates for adjusted income.
Aug 12, 2020 12:05 PM
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US consumer prices rose 0.6% in July, matching June uptick
WASHINGTON — U.S. consumer prices jumped 0.6% in July as gasoline prices continued to rise. The Labor Department reported Wednesday that the increase last month in its consumer price index matched a 0.6% rise in June.
Aug 12, 2020 11:51 AM
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UK records deepest recession among top economies
LONDON — Britain has suffered the deepest recession among the world’s top economies this year, shrinking by a fifth in the second quarter alone when much of the economy was mothballed as part of efforts to contain the coronavirus pandemic. The 20.
Aug 12, 2020 11:51 AM
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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.
Aug 12, 2020 11:18 AM
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Windsor-Essex region joins rest of Ontario in Stage 3 of reopening plan today
The Windsor-Essex region will join the rest of Ontario in Stage 3 of the province's reopening plan today. Premier Doug Ford made the announcement Monday, saying COVID-19 case counts have dropped enough to warrant the move.
Aug 12, 2020 7:02 AM
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'We were a bit tone deaf:' Hobo Cannabis renamed Dutch Love after backlash
After facing repeated criticism for more than a year, Hobo Cannabis Company is changing its name to Dutch Love.
Aug 12, 2020 6:05 AM
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