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Newfoundland and Labrador deficit soars to $2.1 billion for fiscal 2020-21

Newfoundland and Labrador deficit soars to $2.1 billion for fiscal 2020-21

ST. JOHN'S, N.L. — Declining oil revenues coupled with costs associated with the COVID-19 pandemic has Newfoundland and Labrador projecting a $2.1-billion deficit for fiscal 2020-21 — an increase of $1.35 billion from last year's budget.
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Canfor earns $60.7 million in Q2 due to improved demand and prices

Canfor earns $60.7 million in Q2 due to improved demand and prices

VANCOUVER — Canfor Corp. says its results turned positive in the second quarter on a large reversal of a writedown in its lumber operations due to improved demand and prices towards the end of the quarter.
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Aecon Group loses $6.2 million in Q2 as revenues fall due to COVID-19

Aecon Group loses $6.2 million in Q2 as revenues fall due to COVID-19

TORONTO — Aecon Group Inc. swung to a loss in the second quarter as some construction projects were slowed by the COVID-19 pandemic and its stake in Bermuda's airport operations was hurt by a suspension of flights.
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BDC records $218M net loss for 2020 fiscal year, remains confident

BDC records $218M net loss for 2020 fiscal year, remains confident

MONTREAL — The Business Development Bank of Canada says its priorities changed this year due to the COVID-19 pandemic and it shifted to provide more liquidity during the economically challenging time. The BDC says its clients accepted $7.
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Charges dropped against Thai Red Bull heir in fatal crash

Charges dropped against Thai Red Bull heir in fatal crash

BANGKOK — Prosecutors in Thailand have dropped all charges against a Thai heir to the Red Bull energy drink fortune who was accused of killing a Bangkok police officer in a 2012 car crash, officials said Friday. Police Lt. Col.
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Critic of Chinese leader expelled from party on graft charge

Critic of Chinese leader expelled from party on graft charge

BEIJING — The former chairman of a state-owned real estate company who publicly criticized President Xi Jinping’s handling of the coronavirus pandemic has been expelled from the ruling Communist Party and will be prosecuted on corruption charges, the
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Teck swings to loss as COVID-19 snarls production and dents demand

Teck swings to loss as COVID-19 snarls production and dents demand

Teck Resources Ltd. saw profits fall by 165 per cent last quarter as the COVID-19 pandemic dented demand for its commodities and slashed prices.
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Global News lays off unspecified number of staff in "significant" restructuring

Global News lays off unspecified number of staff in "significant" restructuring

TORONTO — Global News is cutting some of its workforce in what it describes as a "significant" restructuring. The Canadian news organization owned by Corus Entertainment Inc.
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Jobless claims rise as cutoff of extra $600 benefit nears

Jobless claims rise as cutoff of extra $600 benefit nears

WASHINGTON — The nation got another dose of bad economic news Thursday as the number of laid-off workers seeking jobless benefits rose last week for the first time since late March, intensifying concerns the resurgent coronavirus is stalling or even
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Most actively traded companies on the TSX

Most actively traded companies on the TSX

Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,018.65, down 152.41) Bombardier Inc. (TSX:BBD.B). Industrials. Down three cents, or 6.19 per cent, to $0.46 on 10.58 million shares.
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