October 20th, 2020

Business

Five things to watch for in the Canadian business world in the coming week

By The Canadian Press on October 18th, 2020

TORONTO – Five things to watch for in the Canadian business world in the coming week: Wholesale trade Statistics Canada will release wholesale trade numbers for August on Monday. The agency said in a recent flash estimate that August wholesale trade edged up by 0.1 per cent after jumping by 4.3 per cent in July. ... Read More »

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For small businesses that survive COVID, recovery is expected to be difficult

By Tara Deschamps, The Canadian Press on October 18th, 2020

TORONTO – Having 12 cases of mini eggs on hand sounds like the makings of a grandiose Easter hunt or the ultimate way to soothe a sweet tooth, but for Josie Rudderham, the confections have put her in quite the crunch. “We have joked about pouring them into a bathtub and doing a photo shoot ... Read More »

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Early figures for new aid and EI provide glimpse of how post-CERB supports to be used

By Jordan Press, The Canadian Press on October 17th, 2020

OTTAWA – The employment insurance system absorbed almost 1.3 million people in the last three weeks, new figures show, as a key COVID-19 benefit wound down. A breakdown of applications for the simplified EI program shows that overall there had been more than 1.5 million claims as of late this past week, among them 1.15 ... Read More »

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Minnesota ruling boosts Enbridge Energy’s Line 3 replacement

By The Associated Press on October 16th, 2020

ST. PAUL, Minn. – Minnesota pollution regulators properly considered the construction impacts of Enbridge Energy’s plan to replace the 337-mile segment of its aging Line 3 crude oil pipeline that crosses the state, an administrative law judge ruled Friday in a blow to environmental and tribal groups fighting the project. Judge James LaFave issued the ... Read More »

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Postmedia revenue decline continues but Q4 shows a profit helped by wage subsidies

By David Paddon, The Canadian Press on October 16th, 2020

TORONTO – The owner of Canada’s largest group of newspapers, including the National Post, had a $13.5-million profit in its fourth quarter which included assistance from government wage subsidies provided to help companies get through the impact of the COVID-19 pandemic. But Postmedia Network Canada Corp. still ended its 2020 financial year with a bigger ... Read More »

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Calfrac investors approve company plan over Wilks Brothers takeover

By The Canadian Press on October 16th, 2020

CALGARY – Shareholders in debt-laden Calgary-based Calfrac Well Services Ltd. have narrowly approved a recapitalization plan proposed by management, thus setting aside a takeover offer from Texas rival Wilks Brothers, LLC. In a vote on Friday afternoon, owners of 68.75 per cent of the shares represented at the meeting voted in favour of a proposal ... Read More »

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Scott Moe concerned about Biden’s opposition of Keystone XL; NDP anti-Trump

By Stephanie Taylor, The Canadian Press on October 16th, 2020

SASKATOON – Saskatchewan Party Leader Scott Moe says if the Democrats win next month’s U.S. election, he has concerns about the future of the Keystone XL pipeline. Moe is himself running for re-election on Oct. 26 and, while on the campaign trail, weighed in on comments about the project made by presidential candidate Joe Biden. ... Read More »

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S&P/TSX composite edges lower as oil, gold prices slip

By The Canadian Press on October 16th, 2020

TORONTO – Canada’s main stock index closed modestly lower on Friday as new COVID-19 restrictions around the world weighed on commodities. The S&P/TSX composite index was down 62.28 points at 16,438.75. In New York, the Dow Jones industrial average was up 112.11 points at 28,606.31, the S&P 500 index was up less than half a ... Read More »

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Saskatchewan’s Scott Moe concerned about Biden’s opposition to Keystone XL

By The Canadian Press on October 16th, 2020

SASKATOON – Saskatchewan Party Leader Scott Moe says if the Democrats win next month’s U.S. election, he has concerns about the future of the Keystone XL pipeline. Moe is himself running for re-election on Oct. 26 and, while on the campaign trail, weighed in on comments about the project made by presidential candidate Joe Biden. ... Read More »

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Liberals propose special committee to examine pandemic-related spending

By The Canadian Press on October 16th, 2020

OTTAWA – The minority Liberal government is proposing a special House of Commons committee to examine billions of dollars of COVID-19 pandemic-related spending. The proposal is an attempt to pre-empt a Conservative party motion to create a special “anti-corruption” committee that would zero in exclusively on what the official Opposition considers scandals – including the ... Read More »

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Postmedia Q4 profit rises to $13.5 million despite lower revenue

By The Canadian Press on October 16th, 2020

TORONTO – The owner of Canada’s largest group of newspapers reports it had a $13.5-million profit in its fourth quarter ended Aug. 31, which it attributed to cost cutting and assistance from government wage subsidies. Postmedia Network Canada Corp. says its net income for the quarter was equal to 14 cents per share, up from ... Read More »

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