August 6th, 2020

Alberta Election

Commons’ committee to hear from charity watchdog group as WE hearings continue

By The Canadian Press on August 6th, 2020

OTTAWA – The House of Commons’ committee probing the government’s ill-fated deal with WE Charity will hear this morning from a charity watchdog organization. Charity Intelligence Canada has been referenced multiple times during finance committee hearings about the WE affair, but has yet to testify in the committee’s probe of the Canada Student Service Grant ... Read More »

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Canadian Natural beats expectations despite loss and halving of revenues

By The Canadian Press on August 6th, 2020

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 $310 million or 26 cents per share in the second quarter, compared with a year-ago profit of $2.8 billion or $2.36 per share. Its adjusted ... Read More »

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Weekly poems elevate New Hampshire city’s virus newsletters

By Holly Ramer, The Associated Press on August 6th, 2020

CONCORD, N.H. – Valerie Rochon is eager to read her email every Monday morning, even when it makes her cry. In addition to the endless Zoom meeting invitations, each week brings a new poem tucked into otherwise matter-of-fact messages about the coronavirus pandemic from the Portsmouth city manager. Tammi Truax, the city’s poet laureate, has ... Read More »

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Alan Thicke songs to be inducted into Canadian Songwriters Hall of Fame

By David Friend, The Canadian Press on August 6th, 2020

TORONTO – Beloved TV sitcom dad Alan Thicke is being honoured by the Canadian Songwriters Hall of Fame on Friday for a trio of popular theme songs he helped create. The late actor, who grew up in Kirkland Lake, Ont., will be celebrated as co-writer of the catchy opening numbers for prime time classics “The ... Read More »

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Lightspeed revenues surge in its latest quarter on positive effects of COVID-19

By The Canadian Press on August 6th, 2020

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 firm, which reports in U.S. dollars, says it lost $20.1 million or 22 cents per share in its fiscal first quarter. That compared with a ... Read More »

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Tim Hortons sales fall by one-third as RBI feels the pain of pandemic

By The Canadian Press on August 6th, 2020

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 Hortons and Burger King says net income fell to US$163 million in the quarter ended June 30, down 37 per cent from US$257 million a ... Read More »

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‘The data is bad’: Black and racialized Canadians lacking on boards, study finds

By Tara Deschamps, The Canadian Press on August 6th, 2020

TORONTO – Black and racialized people are under-represented and often sometimes non-existent on boards in eight major cities across Canada. A new study from Ryerson University’s Diversity Institute has found both groups lacking on the boards of large companies, agencies and commissions, hospitals, educational institutions and in the voluntary sector in Toronto, Montreal, Vancouver, Calgary, ... Read More »

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Bausch to spin off eye care business; misses expectations with wide Q2 loss

By The Canadian Press on August 6th, 2020

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 spin off of Bausch + Lomb would allow it to focus on its gastroenterology, aesthetics/dermatology, neurology and international pharma business. The move comes after the ... Read More »

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BCE Q2 profit falls 68.9 per cent amid pandemic; Bell Canada adds 50,121 customers

By The Canadian Press on August 6th, 2020

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 activity and customer demand. Amid widespread closures that kept many employees and children at home, Bell added 50,121 wireless, residential internet and IPTV customers during ... Read More »

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Provinces not moving fast enough to assess, mitigate flood risk: report

By The Canadian Press on August 6th, 2020

OTTAWA – A new report says provincial governments are not moving fast enough to protect homes and other buildings from the ravages of flooding. The report from the Intact Centre on Climate Adaptation at the University of Waterloo says on average provincial governments get a grade of C for flood preparedness. Centre chair Blair Feltmate ... Read More »

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Bombardier Q2 net loss widens while revenues plunge due to COVID-19

By The Canadian Press on August 6th, 2020

MONTREAL – Bombardier Inc. says its net loss surged to US$223 million in the second quarter on a big drop in revenues due to pandemic related disruptions. 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 ... Read More »

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