Business News Summary Headlines

Company releases, economic news, and business coverage.

Liberals turn over thousands of pages on WE decision, lawyers now vetting docs

OTTAWA - The federal Liberal government has handed over thousands of pages of documents related to the WE controversy to a House of Commons committee, which lawyers are now vetting for personal information and cabinet secrets.

The finance committee demanded the documents last month as it probes whether Prime Minister Justin Trudeau's relationship with WE Charity influenced the government's ill-fated decision to have the organization run a federal student-volunteer program.

Sunday, August 09, 2020 | 08:34 PM

Ontario's pot store lottery winners sell shops as more consolidation expected

TORONTO - More than a year after winning the chance to open one of Ontario's first cannabis stores through a provincial lottery, Lisa Bigioni has walked away from her Niagara Falls pot shop.

The store had become like a second home and it was painful to leave, but Bigioni wanted to make good on a deal she signed with a large cannabis brand that helped get her shop up and running under the tight deadlines set by the province.

Sunday, August 09, 2020 | 10:00 AM

Five things to watch for in the Canadian business world in the coming week

TORONTO - Five things to watch for in the Canadian business world in the coming week:

Grocery bill

Sunday, August 09, 2020 | 10:00 AM

Premier Scott Moe worried U.S. could put tariff on steel after Canadian aluminum

REGINA - Saskatchewan's premier says he's concerned the United States could impose a tariff on Canadian steel after the country slapped a 10 per cent import tax on aluminum.

Scott Moe says the issue of tariffs has come up during regular calls with other premiers.

Friday, August 07, 2020 | 06:43 PM

Statistics Canada says country gained 419,000 jobs in July

OTTAWA - Racialized workers had an unemployment rate more than one-and-a-half times white workers last month, jobs data released Friday showed, as Statistics Canad for the first time put a figure on a widening inequality gap being exacerbated by the COVID-19 pandemic.

The unemployment rate for July was 16.2 per cent for racialized Canadians compared with 9.3 per cent for white Canadians. Neither was adjusted for seasonal variations in employment.

Friday, August 07, 2020 | 05:33 PM

Most actively traded companies on the TSX

TORONTO - Some of the most active companies traded Friday on the Toronto Stock Exchange:

Toronto Stock Exchange (16,544.48, down 34.62 points.)

Friday, August 07, 2020 | 05:24 PM

U.S. aluminum tariffs are 'unjustified and unnecessary': Canadian manufacturers

TORONTO - Canada's manufacturing industry is deeply frustrated by the U.S. government's decision to impose tariffs on Canadian aluminum and the uncertainty it creates for the sector.

Experts and industry groups representing companies whose supply chains rely heavily on aluminum say the 10 per cent tariff U.S. President Donald Trump announced Thursday, set to take effect later this month, is "unjustified and unnecessary."

Friday, August 07, 2020 | 05:20 PM

'Do our lives count for less?': COVID-19 exposes cracks in disability aid

Karyn Keith says she isn't asking for much. All she wants is the same support she'd receive if she was out of a job because of the pandemic, rather than unable to work because of her disabilities.

The 44-year-old mother in Brampton, Ont., said she lives with constant pain and fatigue from multiple chronic conditions, including trigeminal neuralgia, a debilitating nerve disorder characterized by searing spasms through the face.

Friday, August 07, 2020 | 05:20 PM

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.

The Toronto-based company reported net income of $5 million, or 7 cents per share, on revenues of $588 million during the three months ending June 30.

Friday, August 07, 2020 | 05:17 PM

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.

Friday, August 07, 2020 | 04:22 PM