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DavidsTea first-quarter loss soars to $45.8 million as sales weaken

DavidsTea first-quarter loss soars to $45.8 million as sales weaken

MONTREAL — DavidsTea Inc. says its net loss soared in its fiscal first quarter, a day after the insolvent beverage company announced it will shrink its retail network to 18 stores in Canada. The Montreal-based company says it lost $45.
Wages and benefits grow at slowest pace in 3 years

Wages and benefits grow at slowest pace in 3 years

WASHINGTON — Wages and benefits for U.S. workers rose at the slowest pace in three years in the April-June quarter, a sign that businesses are holding back on pay as well as cutting jobs in the coronavirus recession. Pay and benefits increased 0.
Violence erupts near Montreal port amid strike, prompting police investigation

Violence erupts near Montreal port amid strike, prompting police investigation

Montreal police are investigating a confrontation between dockworkers and port managers that erupted in violence Wednesday night amid a longshoremen strike. Police received a call at around 7 p.m.
CAMH, Western among Canadian orgs. affected by ransomware attack on Blackbaud

CAMH, Western among Canadian orgs. affected by ransomware attack on Blackbaud

TORONTO — At least two prominent fundraising organizations in Canada have notified their donors that their personal information may have been compromised in a May ransomware attack.
Transat changes course on refunds after cancelling slew of winter flights

Transat changes course on refunds after cancelling slew of winter flights

MONTREAL — Air Transat plans to cancel all flights from Western Canada to sun destinations and the United States this winter, with refunds en route to customers — a policy 180 in the COVID-19 era.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,299.29, up 4.63 points) SOPerior Fertilizer Corp. (TSX:SOP). Basic Materials. Unchanged at $0.03 on 13.54 million shares.
Reducing Nova Scotia's deficit will need co-operation of public sector: premier

Reducing Nova Scotia's deficit will need co-operation of public sector: premier

HALIFAX — Public-sector workers will have to dampen their wage expectations in the coming years as Nova Scotia grapples with a projected $853-million deficit resulting from the COVID-19 pandemic, Premier Stephen McNeil said Thursday.
North American stock markets make gains from morning plunge

North American stock markets make gains from morning plunge

TORONTO — North American stock markets made back some of their earlier losses Thursday to end the trading day relatively flat. The S&P/TSX composite index inched up 4.63 points to 16,299.29. It lost nearly 280 points earlier in the day.
Record economic plunge, bleak jobs numbers reveal virus toll

Record economic plunge, bleak jobs numbers reveal virus toll

WASHINGTON — The coronavirus pandemic sent the U.S. economy plunging by a record-shattering 32.
Calgary bucks trend of rising home prices in second quarter, says StatCan report

Calgary bucks trend of rising home prices in second quarter, says StatCan report

OTTAWA — Homes prices are higher than a year ago in five of six major markets, according to new data from Statistics Canada.