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In unprecedented move, Canadian pension funds unite to call for greater ESG standards

In unprecedented move, Canadian pension funds unite to call for greater ESG standards

In an unprecedented move, some of Canada’s largest institutional investors have banded together to ask companies for more rigorous disclosures of environmental, social and governance factors, an effort they say is meant to promote more sustainable an
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S&P/TSX composite ticks higher, U.S. markets mixed ahead of holiday

S&P/TSX composite ticks higher, U.S. markets mixed ahead of holiday

TORONTO — Canada's main stock index ticked higher Wednesday after a mixed day for U.S. markets, as investors paused to digest the week's record-setting rally ahead of a U.S. holiday tomorrow. The S&P/TSX composite index closed up 38.
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Cargojet preparing for record holiday hauls with more pilots, planes

Cargojet preparing for record holiday hauls with more pilots, planes

MISSISSAUGA, Ont. — Cargojet Inc.
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Ontarians should celebrate holidays with own household only: government

Ontarians should celebrate holidays with own household only: government

TORONTO — Ontario residents should celebrate the upcoming winter holidays only with the people they live with, regardless of the COVID-19 situation in their region, the provincial government said Wednesday.
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Crude-by-rail shipments bounce back from summer lows in September, says CER

Crude-by-rail shipments bounce back from summer lows in September, says CER

CALGARY — Canadian exports of crude oil by rail are bouncing back after falling to an eight-year low in July.
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As economy struggles, Fed weighs boosting bond purchases

As economy struggles, Fed weighs boosting bond purchases

WASHINGTON — At their meeting earlier this month, Federal Reserve officials discussed possible future adjustments to the central bank's monthly bond purchases to boost the economy. The Fed on Wednesday released minutes of its Nov.
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Imperial Oil to lay off 200 workers following cost-cutting analysis

Imperial Oil to lay off 200 workers following cost-cutting analysis

Calgary-based Imperial Oil Ltd. said Wednesday it is laying off about 200 of its 6,000 employees across Canada as part of a cost-cutting initiative due to low oil prices.
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BRP beats Q3 expectations, raises full-year guidance as business outlook improves

BRP beats Q3 expectations, raises full-year guidance as business outlook improves

BRP Inc. reported an improved outlook for the rest of the year on Wednesday as the company’s third-quarter earnings results beat analysts’ expectations and it raised its guidance for its full financial year.
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Penguin to buy Simon & Schuster, create publishing giant

Penguin to buy Simon & Schuster, create publishing giant

BERLIN — German media giant Bertelsmann said Wednesday that its Penguin Random House division is buying rival Simon & Schuster in a megadeal that would reshape the U.S. publishing industry.
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CERB recipients should be prepared to pay income tax on payments experts say

CERB recipients should be prepared to pay income tax on payments experts say

OTTAWA — The Canada Emergency Response Benefit was a financial lifeline for many when COVID-19 forced businesses to shutter and brought the economy to a screeching halt in the spring.
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