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Russel Metals hit by energy weakness, but plays down prospect of steel tariffs
TORONTO — Russel Metals Inc. reported ailing sales numbers this week, citing not only the COVID-19 pandemic but also low energy prices and drilling activity levels, along with weather delays.
Aug 7, 2020 3:17 PM
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Toronto stock market dips as uncertainties trump strong jobs reports
TORONTO — Major North American indexes were mixed Friday as trade and stimulus uncertainties trumped stronger-than-expected jobs reports in Canada and the U.S. The S&P/TSX composite index lost 34.62 points to 16,544.48.
Aug 7, 2020 2:22 PM
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US consumer borrowing up in June after 3 months of declines
WASHINGTON — The pandemic still has Americans easing off the plastic. U.S. consumer borrowing rose in June after three months of declines but the key category of credit card debt extended its decline.
Aug 7, 2020 2:17 PM
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Union to extend Montreal port strike indefinitely as dock tensions escalate
Montreal dock workers plan to launch a port-wide strike without an end date starting Monday, the latest move in an escalating standoff between the union and the Maritime Employers Association.
Aug 7, 2020 2:09 PM
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CCL Industries sees split demand as sanitizer spikes, event sales fall
Toronto-based packaging company CCL Industries Inc.
Aug 7, 2020 2:07 PM
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Linamar helped by ventilator contracts as automobile sales plummeted
GUELPH, Ont. — Linamar Corp. executives said this week that making ventilators for COVID-19 relief is one of many ways the manufacturing company powered through plummeting auto sales. The company based in Guelph, Ont.
Aug 7, 2020 12:26 PM
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Caisse de depot posts negative 2.3 per cent return in first six months of 2020
MONTREAL — The Caisse de depot et placement du Quebec says the economic impacts of the COVID-19 pandemic resulted in posting a negative return of 2.3 per cent during the first six months of 2020.
Aug 7, 2020 12:21 PM
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Heroux-Devtek earnings down amid turbulence in aerospace industry
Heroux-Devtek Inc. swung to a net loss in its latest quarter as the landing-gear manufacturer felt the impact from severe turbulence in the global aerospace industry caused by the COVID-19 pandemic. The Quebec-based company said it lost $1.
Aug 7, 2020 12:18 PM
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U.S. aluminum tariffs 'disappointing' and 'unfortunate,' says B.C. premier
VICTORIA — British Columbia Premier John Horgan says the United States government's decision to impose tariffs on Canadian raw aluminum is "disappointing." A statement from the premier's office says Canadian aluminum exports do not harm the U.S.
Aug 7, 2020 12:10 PM
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Domtar launches strategic review of personal care business after nine years
Domtar Corp. is launching a strategic review of its personal care business, nine years after launching the diaper and incontinence operations.
Aug 7, 2020 12:04 PM
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