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Fairfax Financial Q2 profits drop as first half COVID losses near US$400 million

Fairfax Financial Q2 profits drop as first half COVID losses near US$400 million

TORONTO — Fairfax Financial Holdings Ltd. says its net income attributable to shareholders decreased 12 per cent in its latest quarter as COVID-19 losses in the first six months of the year approached US$400 million.
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Centerra Gold boosts dividend after Q2 profits surge to US$80.7 million

Centerra Gold boosts dividend after Q2 profits surge to US$80.7 million

TORONTO — Centerra Gold Inc. is boosting its quarterly dividend by 25 per cent after reporting that earnings soared in its latest quarter on a 21-per-cent boost in revenues.
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Telus Q2 profit drops 39 per cent to $315 million despite uptick in revenues

Telus Q2 profit drops 39 per cent to $315 million despite uptick in revenues

Telus Corp.'s net income fell 39 per cent in its latest quarter to $315 million despite an uptick in revenues, as operating expenses at its wired services increased from the same time last year.
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US consumer spending up 5.6%, but virus could stall gains

US consumer spending up 5.6%, but virus could stall gains

WASHINGTON — American consumers increased their spending in June by a solid 5.6%, helping regain some of record plunge that occurred after the coronavirus struck hard in March and paralyzed the economy.
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Reitmans future uncertain as it negotiates loan while Q1 losses surged

Reitmans future uncertain as it negotiates loan while Q1 losses surged

MONTREAL — Reitmans Canada Ltd. says its future remains uncertain as the insolvent women's apparel retailer negotiates for interim financing. The Montreal-based company had $206.6 million in liabilities and $42.
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DavidsTea first-quarter loss soars to $45.8 million as sales weaken

DavidsTea first-quarter loss soars to $45.8 million as sales weaken

MONTREAL — DavidsTea Inc. says its net loss soared in its fiscal first quarter, a day after the insolvent beverage company announced it will shrink its retail network to 18 stores in Canada. The Montreal-based company says it lost $45.
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Wages and benefits grow at slowest pace in 3 years

Wages and benefits grow at slowest pace in 3 years

WASHINGTON — Wages and benefits for U.S. workers rose at the slowest pace in three years in the April-June quarter, a sign that businesses are holding back on pay as well as cutting jobs in the coronavirus recession. Pay and benefits increased 0.
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Violence erupts near Montreal port amid strike, prompting police investigation

Violence erupts near Montreal port amid strike, prompting police investigation

Montreal police are investigating a confrontation between dockworkers and port managers that erupted in violence Wednesday night amid a longshoremen strike. Police received a call at around 7 p.m.
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CAMH, Western among Canadian orgs. affected by ransomware attack on Blackbaud

CAMH, Western among Canadian orgs. affected by ransomware attack on Blackbaud

TORONTO — At least two prominent fundraising organizations in Canada have notified their donors that their personal information may have been compromised in a May ransomware attack.
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Transat changes course on refunds after cancelling slew of winter flights

Transat changes course on refunds after cancelling slew of winter flights

MONTREAL — Air Transat plans to cancel all flights from Western Canada to sun destinations and the United States this winter, with refunds en route to customers — a policy 180 in the COVID-19 era.
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