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Canada Post reports $153M loss in 2019 amid rising parcels competition

Canada Post reports $153M loss in 2019 amid rising parcels competition

OTTAWA — Canada Post lost $153 million before tax last year as intense e-commerce competition slowed growth at its parcels business and an ongoing shift toward online communication prompted mail operation declines.
Most actively traded companies on the TSX

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (14,997.63, up 112.15 points.) Zenabis Global Inc. (TSX:ZENA). Health care. Up 1.5 cents, or 11.11 per cent, to 15 cents on 34.
North American stock markets climb on optimism about economic re-openings

North American stock markets climb on optimism about economic re-openings

TORONTO — North American stock markets moved higher midweek on optimism surrounding economic reopenings following a two-month lockdown. Investor sentiment also drove up crude oil prices again which helped to support the Toronto stock market.
Aurora to enter U.S. market with $40 million of acquisition of CBD brand Reliva

Aurora to enter U.S. market with $40 million of acquisition of CBD brand Reliva

EDMONTON — Aurora Cannabis Inc. says it is entering the U.S. market by acquiring hemp-based cannabidiol company Reliva LLC.
Repair services expect spike in customers, warn of delays and changes to stores

Repair services expect spike in customers, warn of delays and changes to stores

TORONTO — Canadian technology and repair shops are anticipating a steady stream of customers lugging computers, phones and other devices as they open more of their stores.
Former Molson chief executive Daniel O'Neill has died at 68, company says

Former Molson chief executive Daniel O'Neill has died at 68, company says

The former head of Molson, who was "instrumental in the historic merger" that created Molson Coors, has died unexpectedly at the age of 68.
A perfect fit? Customers need to navigate new norms in clothing stores

A perfect fit? Customers need to navigate new norms in clothing stores

Shopping for clothes used to be a relatively simple process three months ago: walk into a store, try on a number of items, buy what you want, leave the rest.
Annual inflation rate turned negative in April, Statistics Canada reports

Annual inflation rate turned negative in April, Statistics Canada reports

OTTAWA — Canada's inflation rate turned negative in April as the economy came to a standstill in the first full month of the pandemic as part of a spending shift that a top central banker says may signal further changes in consumption patterns post-C
TC Energy joins pumped hydro power storage project at retired coal mine site

TC Energy joins pumped hydro power storage project at retired coal mine site

CALGARY — Developers of a stored hydroelectric power project to be built next to a retired open pit coal mine east of Jasper National Park have enlisted TC Energy Corp. as a partner. Kipp Horton, CEO of Calgary-based WindRiver Power Corp.
Lowe's Canada retail network hurt by COVID-19 pandemic during first quarter

Lowe's Canada retail network hurt by COVID-19 pandemic during first quarter

MONTREAL — Lowe's Canadian operations, which include the Rona and Reno-Dept banners, continued to underperform those of the American network during the first quarter, as the effects of the COVID-19 pandemic were felt.
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