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National Business
Interfor earns $3.2 million in second quarter on lower revenues
VANCOUVER — Interfor Corp. says it earned $3.2 million in profits in its latest quarter despite lower revenues.
Aug 7, 2020 9:19 AM
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China sentences fourth Canadian to death on drug charges
BEIJING — China has sentenced a fourth Canadian citizen to death on drug charges in less than two years following a sharp downturn in ties over the arrest of an executive of Chinese tech giant Huawei.
Aug 7, 2020 9:18 AM
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Trump bans dealings with Chinese owners of TikTok, WeChat
NEW YORK — President Donald Trump has ordered a sweeping but vague ban on dealings with the Chinese owners of popular social media apps TikTok and WeChat on security grounds, a move China's government criticized as “political manipulation.
Aug 7, 2020 9:18 AM
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Western Forest Products earns $8.5M in second quarter despite sales dip
VANCOUVER — Western Forest Products Inc. beat expectations as the company earned $8.5 million in its latest quarter on a 17-per-cent drop in revenues over uncertainty related to COVID-19.
Aug 7, 2020 9:01 AM
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India surpasses 2 million cases as health volunteers strike
NEW DELHI — As India hit another grim milestone in the coronavirus pandemic on Friday, crossing 2 million confirmed cases and more than 41,000 deaths, community health volunteers went on strike complaining they were ill-equipped to respond to the wav
Aug 7, 2020 8:30 AM
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Virus talks on brink of collapse, sides still 'far apart'
Washington talks on vital COVID-19 rescue money are teetering on the brink of collapse after a marathon meeting in the Capitol Thursday night generated a wave of recriminations but little progress on the top issues confronting negotiators.
Aug 6, 2020 10:34 PM
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Recipe Unlimited sales cut in half in Q2 as restaurants ordered closed
VAUGHAN, Ont. — Recipe Unlimited Corp. saw system sales fall more than 55 per cent in its most recent quarter as the COVID-19 pandemic prompted dining room closures across Canada. The Vaughan, Ont.
Aug 6, 2020 7:04 PM
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Linamar sees second-quarter sales fall by more than 50 per cent amid COVID-19
GUELPH, Ont. — Linamar Corp. saw its latest quarterly sales slashed by more than half amid the COVID-19 pandemic. The company based in Guelph, Ont., says sales for the three months ended June 30 totalled $923.6 million — down from roughly $2.
Aug 6, 2020 6:40 PM
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Indigo reports nearly $32M loss thanks to COVID-19 temporary store closures
TORONTO — Indigo Books & Music Inc. reported a larger net loss and a nearly 30 per cent drop in revenue in its most recent quarter. The book retailer recorded a net loss of about $31.
Aug 6, 2020 6:36 PM
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Sun Life sees second-quarter profit fall to $519M, misses analyst expectations
TORONTO — Sun Life Financial Inc. saw its most recent quarterly profit fall as it missed analyst expectations.
Aug 6, 2020 6:32 PM
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