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National Business

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.
US consumer prices rose 0.6% in July, matching June uptick

US consumer prices rose 0.6% in July, matching June uptick

WASHINGTON — U.S. consumer prices jumped 0.6% in July as gasoline prices continued to rise. The Labor Department reported Wednesday that the increase last month in its consumer price index matched a 0.6% rise in June.
UK records deepest recession among top economies

UK records deepest recession among top economies

LONDON — Britain has suffered the deepest recession among the world’s top economies this year, shrinking by a fifth in the second quarter alone when much of the economy was mothballed as part of efforts to contain the coronavirus pandemic. The 20.
Former Starbucks Canada employee sues for unpaid OT on behalf of store managers

Former Starbucks Canada employee sues for unpaid OT on behalf of store managers

TORONTO — A former Starbucks Canada employee is suing the company for unpaid overtime for himself and other store managers.

Windsor-Essex region joins rest of Ontario in Stage 3 of reopening plan today

The Windsor-Essex region will join the rest of Ontario in Stage 3 of the province's reopening plan today. Premier Doug Ford made the announcement Monday, saying COVID-19 case counts have dropped enough to warrant the move.
'We were a bit tone deaf:' Hobo Cannabis renamed Dutch Love after backlash

'We were a bit tone deaf:' Hobo Cannabis renamed Dutch Love after backlash

After facing repeated criticism for more than a year, Hobo Cannabis Company is changing its name to Dutch Love.

Windsor-Essex region joins rest of Ontario in Stage 3 of reopening plan today

The Windsor-Essex region will join the rest of Ontario in Stage 3 of the province's reopening plan today. Premier Doug Ford made the announcement Monday, saying COVID-19 case counts have dropped enough to warrant the move.
Union, automakers begin negotiations as uncertain economy raises stakes

Union, automakers begin negotiations as uncertain economy raises stakes

TORONTO — The autoworkers' union is set to begin formal negotiations on Wednesday with Fiat Chrysler Automobiles, Ford Motor Company and General Motors, in what one observer calls "the fight of their life".