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National Business
National Business
Onex Corp. swings to profit as markets rebound following first-quarter plunge
TORONTO — Onex Corp. says it swung to a profit in the second quarter, rebounding from segment losses of more than $1.1 billion in the first three months of the year as markets roared back in spite of the pandemic.
Aug 6, 2020 12:32 PM
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Bell parent's Q2 profit plunges as TV, radio assets written down but CEO upbeat
TORONTO — The parent of Bell Canada saw its net profit fall nearly 70 per cent from the same period last year due to the pandemic's impact on economic activity and customer demand, but said Thursday that it's well-positioned to withstand the headwind
Aug 6, 2020 12:29 PM
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'The data is bad': Black and racialized Canadians lacking on boards, study finds
TORONTO — Black and racialized people are under-represented and sometimes non-existent on boards in eight major cities across Canada.
Aug 6, 2020 12:17 PM
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Bombardier says business jet activity picking up after taking COVID-19 hit
Bombardier Inc. says it is starting to see an improvement in business jet activity as interest in private travel grows after the COVID-19 pandemic forced it to ground its global operations and take a big financial hit in the second quarter.
Aug 6, 2020 11:37 AM
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Manulife's Q2 net income halved as insurer struggles with impacts of COVID-19
TORONTO — Manulife Financial Inc.'s chief executive says COVID-19 had a "significant" impact on the company's second-quarter performance, but he's confident it will bounce back.
Aug 6, 2020 10:25 AM
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Lightspeed revenues surge in its latest quarter on positive effects of COVID-19
MONTREAL — Lightspeed POS Inc. saw both its net loss and revenues increase in its latest quarter as it felt the positive effects of COVID-19. The Montreal-based retail payment technology firm, which reports in U.S. dollars, says it lost $20.
Aug 6, 2020 8:40 AM
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Bank of England holds off more stimulus, sees slow recovery
LONDON — The Bank of England held off providing more monetary stimulus on Thursday as Britain reopens after the pandemic lockdowns, but it warned it would take time for the economy to heal and unemployment would keep rising this year.
Aug 6, 2020 4:13 AM
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WSP Global issues new guidance, reports 'solid' Q2 profit, revenue
MONTREAL — WSP Global Inc. is restating 2020 guidance withdrawn as the COVID-19 pandemic set in earlier this year as it reports a "solid" financial performance in the second quarter. The engineering firm says it had net earnings of $88.
Aug 5, 2020 6:47 PM
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Court reverses order to shut down Dakota Access pipeline
BISMARCK, N.D. — A federal appeals court on Wednesday reversed a judge’s order that shut down the Dakota Access pipeline pending a full environmental review. The U.S.
Aug 5, 2020 6:34 PM
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Manulife financial reports lower second quarter net income of$727 million
TORONTO — Manulife Financial Corp. is reporting second-quarter net income attributable to shareholders of $727 million — just under half of the $1.
Aug 5, 2020 6:16 PM
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