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Aecon Group loses $6.2 million in Q2 as revenues fall due to COVID-19

Aecon Group loses $6.2 million in Q2 as revenues fall due to COVID-19

TORONTO — Aecon Group Inc. swung to a loss in the second quarter as some construction projects were slowed by the COVID-19 pandemic and its stake in Bermuda's airport operations was hurt by a suspension of flights.
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BDC records $218M net loss for 2020 fiscal year, remains confident

BDC records $218M net loss for 2020 fiscal year, remains confident

MONTREAL — The Business Development Bank of Canada says its priorities changed this year due to the COVID-19 pandemic and it shifted to provide more liquidity during the economically challenging time. The BDC says its clients accepted $7.
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Charges dropped against Thai Red Bull heir in fatal crash

Charges dropped against Thai Red Bull heir in fatal crash

BANGKOK — Prosecutors in Thailand have dropped all charges against a Thai heir to the Red Bull energy drink fortune who was accused of killing a Bangkok police officer in a 2012 car crash, officials said Friday. Police Lt. Col.
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Critic of Chinese leader expelled from party on graft charge

Critic of Chinese leader expelled from party on graft charge

BEIJING — The former chairman of a state-owned real estate company who publicly criticized President Xi Jinping’s handling of the coronavirus pandemic has been expelled from the ruling Communist Party and will be prosecuted on corruption charges, the
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Teck swings to loss as COVID-19 snarls production and dents demand

Teck swings to loss as COVID-19 snarls production and dents demand

Teck Resources Ltd. saw profits fall by 165 per cent last quarter as the COVID-19 pandemic dented demand for its commodities and slashed prices.
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Global News lays off unspecified number of staff in "significant" restructuring

Global News lays off unspecified number of staff in "significant" restructuring

TORONTO — Global News is cutting some of its workforce in what it describes as a "significant" restructuring. The Canadian news organization owned by Corus Entertainment Inc.
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Jobless claims rise as cutoff of extra $600 benefit nears

Jobless claims rise as cutoff of extra $600 benefit nears

WASHINGTON — The nation got another dose of bad economic news Thursday as the number of laid-off workers seeking jobless benefits rose last week for the first time since late March, intensifying concerns the resurgent coronavirus is stalling or even
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Most actively traded companies on the TSX

Most actively traded companies on the TSX

Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,018.65, down 152.41) Bombardier Inc. (TSX:BBD.B). Industrials. Down three cents, or 6.19 per cent, to $0.46 on 10.58 million shares.
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Precision Drilling Q2 loss surges as pandemic weakens demand for oil

Precision Drilling Q2 loss surges as pandemic weakens demand for oil

CALGARY — A sharp decline in North American oilfield activity in the second quarter meant more layoffs, contract terminations and parked drilling rigs, Precision Drilling Corp. reported Thursday. The Calgary-based company reported a net loss of $48.
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Some older personal finance rules may no longer apply, experts say

Some older personal finance rules may no longer apply, experts say

Start saving for retirement in a Registered Retirement Savings Plan as soon as possible. Make sure you're saving at least 10 per cent of your income. Don't spend more than a third of each pay check on housing — but don't rent forever either.
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