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MISSISSAUGA, Ont. Cargojet Inc. shares surged to a record high after it reported that revenues soared 65 per cent as e commerce activity was driven by work from home activity during the...
Business
More than 22 million copies of the latest Animal Crossing video game have been sold since its March release as the pandemic drives a gaming surge. Developer Nintendo said the...
Business
CALGARY A new paper suggests a federal program meant to buffer provinces against economic shocks is not up to the task — especially in the COVID 19 era. University of...
Business
Uber has agreed to buy its biggest UK rival Autocab, which operates a ride booking app for independent minicab companies throughout the country. It said the takeover would let it connect...
Business
VAUGHAN, Ont. CannTrust Holdings Inc. says Health Canada has reinstated its licenses for its Vaughan manufacturing facility, after the company was caught illegally cultivating cannabis. The company headquartered just...
Business
More than half of Canadians are afraid to go back to their workplaces and 77 per cent are worried their colleagues might show up infected with the coronavirus , according...
Business
If depressed prices persist for the rest of the year, “certain quantities of crude oil, bitumen and natural gas will not qualify as proved reserves at year end 2020, ” the company...
Business
Canada’s labour market likely continued its comeback last month, but gains are slowing on the long road to full recovery. Statistics Canada is expected to report that 365, 000 jobs were...
Business
Mall closures and investments in hotels dragged down earnings this spring for Brookfield Property, which on Thursday said it lost money in the second quarter. Brookfield Property, which reports in...
Business
TORONTO Manulife Financial Inc.’s chief executive says COVID 19 had a significant impact on the company’s second quarter performance, but he’s confident it will bounce back. Roy Gori told analysts Thursday...
Business
TORONTO Energy pushed Canada’s main stock index up in early morning trading while U.S. markets fell as investors wait for new fiscal stimulus. The S&P/TSX composite index was up...
Business
In July the U.S. dollar, aka greenback, fell by about 5 , the biggest monthly drop in more than a decade. Last night, the dollar fell to a two year low of...
Business
CALGARY Canadian Natural Resources Ltd. beat analyst expectations despite swinging to a loss in its latest quarter on a halving of revenues. The Calgary based energy producer says it lost...
Business
Serco has defended its handling of Test & Trace despite only around 50 of people from the same household as a person infected with Covid 19 being contacted. Serco s 10, 500...
Business
MONTREAL Lightspeed POS Inc. saw both its net loss and revenues increase in its latest quarter as it felt the positive effects of COVID 19. The Montreal based retail payment technology...
Business
FRANKFURT German airline group Lufthansa on Thursday reported a net loss of 1.49 billion euros US$1.77 billion for the second quarter, when the pandemic essentially shut down...
Business
TORONTO Restaurant Brands International Inc. says the pandemic took a big bite out of earnings in the second quarter, with sales down 21 per cent. The parent of Tim...
Business
MONTREAL The parent of Bell Canada says its second quarter profit was down nearly 70 per cent from the same time last year due to the pandemic’s impact on economic...
Business
The Montreal based transportation company, which reports in U.S. dollars, says it lost 13 cents per diluted share, compared with a loss of four cents per share or $36 million a...
Business
LAVAL, Que. Bausch Health Companies Inc. says it plans to spin off its iconic eye care business into an independent publicly traded company. The Quebec based pharmaceutical company says the...