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Unifor launches Big Three negotiations with warning against COVID concessions

Unifor launches Big Three negotiations with warning against COVID concessions

TORONTO — Negotiations with the Detroit Three automakers were launched Wednesday with Unifor national president Jerry Dias warning the union won't make any concessions, even if there is a "second wave" of coronavirus infection.
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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 (16,575.28, down 78.27 points) StageZero Life Sciences Ltd. (TSX:SZLS). Health care. Up 2.5 cents, or 38.
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Birchcliff Energy reports wider second-quarter loss on lower oil, liquids prices

Birchcliff Energy reports wider second-quarter loss on lower oil, liquids prices

CALGARY — Natural gas producer Birchcliff Energy Ltd. is reporting a $39.5-million second-quarter loss compared with a loss of $9.5 million in the year-earlier period.
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North American stock markets surge higher with TSX boosted by energy sector

North American stock markets surge higher with TSX boosted by energy sector

TORONTO — The Toronto Stock Exchange's main index surged to its highest level since early March on the strength of the energy sector, while the S&P 500 fell just shy of an all-time high. The S&P/TSX composite index moved up 78.
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Ontario budget deficit projected to jump to $38.5 billion in 2020-2021

Ontario budget deficit projected to jump to $38.5 billion in 2020-2021

TORONTO — The COVID-19 pandemic continues to take a heavy toll on Ontario, the province's finance minister said Wednesday as he announced the government has nearly doubled its deficit projection in just three months.
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Sumner Redstone, who built media empire including CBS, dies

Sumner Redstone, who built media empire including CBS, dies

Sumner Redstone, who joined his family's drive-in movie chain in the 1950s and used it to build a vast media empire that included CBS and Viacom, has died. He was 97.
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Shoppers Drug Mart to test three medical clinics in Toronto area this year

Shoppers Drug Mart to test three medical clinics in Toronto area this year

TORONTO — Shoppers Drug Mart is opening medical clinics in Toronto where family physicians will be available to take on a roster of patients and accept appointments for walk-in services.
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Companies test antibody drugs to treat, prevent COVID-19

Companies test antibody drugs to treat, prevent COVID-19

With a coronavirus vaccine still months off, companies are rushing to test what may be the next best thing: drugs that deliver antibodies to fight the virus right away, without having to train the immune system to make them.
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CAE to lay off 350 employees — mostly in Canada — as Q1 revenue drops by a third

CAE to lay off 350 employees — mostly in Canada — as Q1 revenue drops by a third

MONTREAL, Ont. — CAE Inc. plans to lay off 350 employees before November, part of a restructuring program slated to cost $100 million following a loss of more than that in its latest quarter as revenue fell by a third.
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Metro sales up more than 10% as Canadians eat at home; profit rises to $263.5M

Metro sales up more than 10% as Canadians eat at home; profit rises to $263.5M

Metro Inc. expects to continue to benefit from COVID-19 thanks to strong sales and decreasing coronavirus-related costs as the grocer recently ended its temporary wage bump for employees who worked through the early days of the pandemic.
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