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Stingray reports $8.5M loss in fourth quarter on COVID-19 hit to radio revenues

Stingray reports $8.5M loss in fourth quarter on COVID-19 hit to radio revenues

MONTREAL — Stingray Group Inc. swung to an $8.5-million loss in the fourth quarter of its fiscal year as radio revenues declined due to the initial impact of the COVID-19 pandemic.
Special payment to former Bombardier CEO raises objections from shareholder group

Special payment to former Bombardier CEO raises objections from shareholder group

MONTREAL — A shareholder advisory agency is urging Bombardier Inc. shareholders to vote against the company's approach to compensation over the severance package to former CEO Alain Bellemare that could reach $17.5 million.
Investors again shrug off risks to drive stock markets to three-month highs

Investors again shrug off risks to drive stock markets to three-month highs

TORONTO — North American stock markets set new three-month highs as investors again shrugged off risks as they gained more confidence about the economic recovery. "Markets have been unstoppable even in the wake of renewed U.S.
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 (15,575.11, up 180.75 points.) Suncor Energy Inc. (TSX:SU). Energy. Up 86 cents, or 3.51 per cent, to $25.38 on 34.9 million shares.
Labour shortages on some Ontario farms threaten crop harvest groups say

Labour shortages on some Ontario farms threaten crop harvest groups say

TORONTO — A worker shortage could threaten the harvest of some crops across Ontario, groups that advocate for farmers said Wednesday, as Premier Doug Ford acknowledged his government has discussed creating incentives to address the issue.
Toronto home sales in May up from April, but economists temper their optimism

Toronto home sales in May up from April, but economists temper their optimism

TORONTO — Home sales are showing signs of improvement in the Toronto real estate market, but economists say it's far too early to feel optimistic about the trajectory of a recovery from the devastating effects of the COVID-19 pandemic.
Canada Goose shares up 16% after reporting $2.5 million profit for Q4

Canada Goose shares up 16% after reporting $2.5 million profit for Q4

TORONTO — Canada Goose Holdings Inc.
Anti-racism books see massive sales spike amid police brutality protests

Anti-racism books see massive sales spike amid police brutality protests

Sean Liburd spent much of Tuesday night answering emails from customers, most looking for books to help them better understand the mass protests against police brutality in the United States and broader anti-racism movement that some are engaging wit
Fed approves expansion of state and local support program

Fed approves expansion of state and local support program

WASHINGTON — The Federal Reserve has approved an expansion of its $500 billion emergency program to support state and local governments.
US service sector contracts for second month in May

US service sector contracts for second month in May

WASHINGTON — The U.S. services sector shrank for a second month in May as the coronavirus pandemic triggered shutdowns and layoffs around the country. Activity did rise from levels last month that had not been seen since the recession.
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