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North American stock markets surge higher with TSX boosted by energy sector

North American stock markets surge higher with TSX boosted by energy sector

TORONTO — The Toronto Stock Exchange's main index surged to its highest level since early March on the strength of the energy sector, while the S&P 500 fell just shy of an all-time high. The S&P/TSX composite index moved up 78.
Ontario budget deficit projected to jump to $38.5 billion in 2020-2021

Ontario budget deficit projected to jump to $38.5 billion in 2020-2021

TORONTO — The COVID-19 pandemic continues to take a heavy toll on Ontario, the province's finance minister said Wednesday as he announced the government has nearly doubled its deficit projection in just three months.
Sumner Redstone, who built media empire including CBS, dies

Sumner Redstone, who built media empire including CBS, dies

Sumner Redstone, who joined his family's drive-in movie chain in the 1950s and used it to build a vast media empire that included CBS and Viacom, has died. He was 97.
Shoppers Drug Mart to test three medical clinics in Toronto area this year

Shoppers Drug Mart to test three medical clinics in Toronto area this year

TORONTO — Shoppers Drug Mart is opening medical clinics in Toronto where family physicians will be available to take on a roster of patients and accept appointments for walk-in services.
Companies test antibody drugs to treat, prevent COVID-19

Companies test antibody drugs to treat, prevent COVID-19

With a coronavirus vaccine still months off, companies are rushing to test what may be the next best thing: drugs that deliver antibodies to fight the virus right away, without having to train the immune system to make them.
CAE to lay off 350 employees — mostly in Canada — as Q1 revenue drops by a third

CAE to lay off 350 employees — mostly in Canada — as Q1 revenue drops by a third

MONTREAL, Ont. — CAE Inc. plans to lay off 350 employees before November, part of a restructuring program slated to cost $100 million following a loss of more than that in its latest quarter as revenue fell by a third.
Metro sales up more than 10% as Canadians eat at home; profit rises to $263.5M

Metro sales up more than 10% as Canadians eat at home; profit rises to $263.5M

Metro Inc. expects to continue to benefit from COVID-19 thanks to strong sales and decreasing coronavirus-related costs as the grocer recently ended its temporary wage bump for employees who worked through the early days of the pandemic.

Bonavista to be delisted from exchange after completing shares-for-debt deal

CALGARY — Bonavista Energy Corp. says it has completed a recapitalization plan that will result in a nickel-per-share payout for its shareholders and its delisting from the Toronto Stock Exchange.

Boston Fed chief: States' rush to reopen slowed US recovery

WASHINGTON — A top official at the Federal Reserve criticized the decision by many states to reopen businesses this spring before getting the virus fully under control, and said those choices have hindered an economic recovery in the U.S.
Australian oilfield buoys Total Energy Q2 report despite North American weakness

Australian oilfield buoys Total Energy Q2 report despite North American weakness

CALGARY — Shares in Total Energy Services Inc. are up after it reported a 68 per cent decline in revenue in the second quarter due to a near collapse in oilfield activity in North America but beat analyst estimates for adjusted income.