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US trade deficit drops in June on record rise in exports

US trade deficit drops in June on record rise in exports

WASHINGTON — The U.S. trade deficit fell in June for the first time since February as exports posted a record increase, rising twice as fast as imports.
Norbord beats expectations with US$18M profit in Q2 despite lower sales

Norbord beats expectations with US$18M profit in Q2 despite lower sales

TORONTO — Norbord Inc. beat expectations as it swung to an US$18-million profit in the second quarter despite a six-per-cent drop in revenues. The Toronto-based forest products company, which reports in U.S.
Bausch to pay $94 million plus costs to resolve Canadian securities class action

Bausch to pay $94 million plus costs to resolve Canadian securities class action

LAVAL, Que. — Bausch Health Companies Inc. says it is ending significant legal matters from the Valeant era by agreeing to pay $94 million plus administration costs to resolve a Canadian securities class action.
Thomson Reuters core profit increases in Q2 despite dip in revenues

Thomson Reuters core profit increases in Q2 despite dip in revenues

TORONTO — Thomson Reuters says its core earnings increased to US$221 million in the second quarter despite a small decrease in overall revenues. The Toronto-based company, which reports in U.S.
Ford COO Jim Farley to lead company, CEO Hackett to retire

Ford COO Jim Farley to lead company, CEO Hackett to retire

DETROIT — Jim Farley will lead Ford Motor Co. into the future as the global auto industry faces a new era of autonomous and electric vehicles. The company named Farley, 58, as its new CEO effective Oct.
Great-West Lifeco to sell Canadian subsidiary for $175 million to Mackenzie

Great-West Lifeco to sell Canadian subsidiary for $175 million to Mackenzie

WINNIPEG — Great-West Lifeco Inc. says it is selling its Canadian subsidiary GLC Asset Management Group Ltd. to Mackenzie Financial Corp. for $175 million in cash.
Stingray reports lower Q1 revenue, earnings as pandemic hits radio business

Stingray reports lower Q1 revenue, earnings as pandemic hits radio business

MONTREAL — Stingray Group Inc. says revenue in its fiscal first quarter ended June 30 fell by 35 per cent to $52.3 million as the impact of the COVID-19 pandemic hit revenue from radio operations. It is reporting net income of $7.02 million, down 23.
Canadian auto sales hit 165,020 in July, up 6.2 per cent from June

Canadian auto sales hit 165,020 in July, up 6.2 per cent from June

TORONTO — Auto sales continued their upward trend in July, mounting a steadier recovery from the early months of the COVID-19 pandemic, DesRosiers Automotive Consultants Inc. reported Tuesday. In a 6.
TSX moves up as Mideast blast lifts commodities, markets catch up after holiday

TSX moves up as Mideast blast lifts commodities, markets catch up after holiday

TORONTO — The main stock index in Toronto closed higher on Tuesday as commodities rose on fears of potential conflict in the Middle East and Canadian markets caught up with their American peers after Monday's Civic Holiday break.
Air passenger advocacy group asks top court to hear ticket refund case

Air passenger advocacy group asks top court to hear ticket refund case

An advocacy group is asking the Supreme Court of Canada to hear a case on passenger refunds as frustration over flights cancelled due to the COVID-19 pandemic continues to simmer.