Company releases, economic news, and business coverage.
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.
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.
TORONTO - Five things to watch for in the Canadian business world in the coming week:
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.
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.
TORONTO - Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (16,544.48, down 34.62 points.)
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."
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.
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.
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.