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Rival bidder for Torstar seeks appeal of court ruling approving NordStar deal
TORONTO — A rival bidder for Torstar Corp. is seeking to appeal an Ontario judge's ruling that allows NordStar Capital LP to proceed with its $60-million purchase of the newspaper publishing company.
Jul 28, 2020 5:01 PM
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Toronto index falls, while price of gold continues streak of record highs
TORONTO — Major North American indexes dipped into the red Tuesday while gold continued its streak of record highs, inching closer to breaking the $2,000-an-ounce barrier.
Jul 28, 2020 4:56 PM
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Late slump pulls Wall Street lower; gold sets another record
Stocks pulled lower on Wall Street Tuesday following a mixed set of earnings reports from dozens of big U.S. companies. The S&P 500 fell 20.97 points, or 0.6%, to 3,218.44 after a last-hour slide erased a small gain from earlier in the day.
Jul 28, 2020 4:36 PM
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Sponsors, WE Charity 'mutually' agree to part ways, WE says amid controversy
TORONTO — WE Charity says it has "mutually agreed" to suspend its partnerships after a flood of companies announced they were dropping their support for the embattled organization whose founders faced parliamentary hearings on Tuesday.
Jul 28, 2020 4:34 PM
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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: George Weston earnings George Weston Ltd. releases its Q2 financial results on Tuesday.
Jul 28, 2020 3:35 PM
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Boosting marginalized groups key to 'feminist economic recovery,' report says
TORONTO — Canadians cannot expect the economy to fully recover from COVID-19 without helping those most affected by the downturn — including women, people of colour, and the LGBTQ+ community, a new report says.
Jul 28, 2020 2:50 PM
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Pandemic hurts sales, profit for Pfizer amid restructuring
FAIRLESS HILLS, Pa. — Pfizer Inc. reported a 32% plunge in second-quarter profit, mainly due to the global coronavirus pandemic limiting marketing of and new prescriptions for its medicines, even as the drugmaker races to develop a vaccine.
Jul 28, 2020 1:53 PM
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Oilsands production expected to rebound after pandemic-linked 2020 slump
CALGARY — A new report predicts Canadian oilsands production will have its biggest annual decline on record this year, dropping by an average of nearly 175,000 barrels per day due to issues associated with the COVID-19 pandemic.
Jul 28, 2020 1:40 PM
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Pipeline owner fined for unsafe incident near GO tracks in Greater Toronto
CALGARY — The Canada Energy Regulator is fining Trans-Northern Pipelines $40,000 for an incident near a commuter train line in Greater Toronto that resulted in damage to a pipeline transporting gasoline.
Jul 28, 2020 1:11 PM
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Malaysian ex-PM Najib given 12 years in jail in 1MDB scandal
KUALA LUMPUR, Malaysia — A Malaysian court sentenced former Prime Minister Najib Razak to serve 12 years in prison on Tuesday after finding him guilty in the first of several corruption trials linked to the multibillion-dollar looting of the 1MDB sta
Jul 28, 2020 1:02 PM
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