Cineplex reopens some theatres after $178-million loss in first quarter

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  • Levi's cutting 700 jobs amid pandemic sales slump

    Economic CBC News
    Levi's said Tuesday that it will cut 700 office jobs, or about 15 per cent of its worldwide corporate workforce, as it deals with a sharp drop in sales due to the coronavirus pandemic. The San Francisco-based jeans maker said the layoffs will save it about $100 million US a year and won't affect workers at its stores or factories. Source
  • Business owners on their own when it comes to mask bylaw enforcement

    Economic CTV News
    TORONTO -- As Ontario municipalities enact new measures regarding the use of masks in commercial locations, business owners are on their own when it comes to dealing with customers who refuse to comply. On Tuesday, Toronto and Ottawa joined Kingston in establishing rules requiring a non-medical face covering inside businesses that are open to the public. Source
  • Canada's two largest railways move record grain in June, second quarter

    Economic CTV News
    Canada's two largest railways moved record quantities of grain in the second quarter after benefiting from another strong month in June. Canadian National Railway says it is on pace for record shipments of grain this year after record movements of Canadian grain last month and the quarter as a whole contributed to its best performance in the first half-year. Source
  • When it comes to going back to work, COVID-19 is impacting Canadian mothers more than fathers: study

    Economic CTV News
    VANCOUVER -- Recent research suggests the pandemic is having a disproportionate impact on Canadian mothers when it comes to going back to work. Data analyzed by the University of British Columbia suggests the gender gap has been widening since the country saw its first few cases of COVID-19. Source
  • Cenovus CEO calls U.S. court order on Dakota pipeline 'disturbing'

    Economic CBC News
    A U.S. judge's order to shut down the Dakota Access pipeline for additional environmental review — more than three years after it began pumping oil — is a "pretty disturbing decision" that could have implications for future infrastructure development like power lines and highways, says the CEO of Cenovus Energy. Source
  • Le Chateau says there is 'significant doubt' it can stay in business

    Economic CTV News
    TORONTO -- A major Canadian clothing retailer that was struggling even before the COVID-19 pandemic says it's no longer sure if it will be able to remain in business for another year. Le Chateau, which operates 129 stores in eight provinces as well as some manufacturing operations, issued the dire warning late Monday as it reported its latest quarterly earnings report. Source
  • Data-mining firm Palantir files for stealth public offering

    Economic CTV News
    The Silicon Valley data-mining firm Palantir Technologies confidentially filed to go public, setting up what could be the biggest stock offering from a technology company since Uber's debut last year. Founded in 2004 by investors including Peter Thiel, the company works with governments, law enforcement agencies and the defence establishment to organize and analyze huge volumes of data. Source
  • New York state penalizes Deutsche Bank US$150M for Epstein dealings

    Economic CTV News
    NEW YORK -- Deutsche Bank has agreed to pay $150 million to settle claims that it broke compliance rules in its dealings with the late sex offender Jeffrey Epstein, New York state announced Tuesday. The penalty was announced in a release by Superintendent of Financial Services Linda A. Source
  • U.S. looking at banning Chinese social media apps, including TikTok, Pompeo says

    Economic CBC News
    Secretary of State Mike Pompeo said on Monday that the United States is "certainly looking at" banning Chinese social media apps, including TikTok, suggesting it shared information with the Chinese government, a charge the company denied. Source
  • Toronto and Montreal to be test markets for Uber's new grocery delivery service

    Economic CBC News
    Uber Technologies Inc. is getting into the grocery delivery business and is using some Canadian cities to help it launch the venture. The San Francisco-based tech giant said Tuesday that users in Montreal and Toronto can now order groceries through its Uber and Uber Eats apps. Source