Skip to content

National Business

Magna International reports drop in earnings as COVID-19 hits operations

Magna International reports drop in earnings as COVID-19 hits operations

AURORA, Ont. — Magna International Inc. says its first quarter earnings were down significantly from last year as the company was hit by factory shutdowns across its global operations. The autoparts maker, which reports in U.S.
Read more >
Canadian Tire reports Q1 loss compared with a profit a year ago, sales dip

Canadian Tire reports Q1 loss compared with a profit a year ago, sales dip

TORONTO — Canadian Tire Corp. Ltd. reported a loss in its latest quarter as sales fell due to the steps taken to slow the spread of COVID-19, including the temporary closure of its SportChek and Mark's stores.
Read more >
Ontario wineries struggling to find way forward under COVID-19 restrictions

Ontario wineries struggling to find way forward under COVID-19 restrictions

Every few days Nicolette Novak is paralyzed with worry about how to keep her winery going during the COVID-19 pandemic. Novak is the owner of Good Earth Food and Wine Co., a small winery in Beamsville, Ont.
Read more >
Frontera suspends dividend, withdraws guidance as it reports $388-million loss

Frontera suspends dividend, withdraws guidance as it reports $388-million loss

CALGARY — Frontera Energy Corp. says it has suspended its dividends, withdrawn its guidance for the year and won't repurchase shares because of difficult operating conditions. The Calgary-based oil producer says it lost nearly $388 million or $4.
Read more >
WSP profits fall by more than 75 per cent amid 'extreme market volatility'

WSP profits fall by more than 75 per cent amid 'extreme market volatility'

MONTREAL — WSP Global Inc. saw profits fall by 77 per cent last quarter amid "extreme market volatility" triggered by the COVID-19 crisis. Net income dropped to $14.
Read more >
Parkland Fuel sees $79-million loss in first quarter on higher revenues

Parkland Fuel sees $79-million loss in first quarter on higher revenues

CALGARY — Parkland Fuel Corp. says it saw a $79-million loss in the first quarter. The Calgary-based company says that equalled a loss of 53 cents per diluted share, compared with a profit of 52 cents per share or $77 million a year earlier.
Read more >
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 (14,830.74, up 19.18 points.) Freegold Ventures Ltd. (TSX:FVL). Materials. Up nine cents, or 112.5 per cent, to 17 cents on 26.
Read more >
Spin Master reports net loss of US$27 million on supply chain issues

Spin Master reports net loss of US$27 million on supply chain issues

TORONTO — Spin Master Corp. says it had a net loss of US$26.7 million in the first quarter as it struggled with supply chain issues and the COVID-19 outbreak. The company, which reports in U.S.
Read more >
TSX inches higher as Shopify overtakes RBC as top Canadian company

TSX inches higher as Shopify overtakes RBC as top Canadian company

TORONTO — Canada's main stock index inched higher midweek as Shopify Inc. overtook the Royal Bank of Canada to become the country's most valuable company thanks in part to a boom in online shopping while Canadians adopt physical distancing.
Read more >
Shopify overtakes RBC as most valued Canadian company as online services in demand

Shopify overtakes RBC as most valued Canadian company as online services in demand

OTTAWA — Shopify Inc. overtook RBC as the most valuable Canadian company Wednesday after the company's share price climbed on signs demand for online commerce is higher than ever.
Read more >