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Investment Canada review of Cineplex takeover by Cineworld extended to June 15

Investment Canada review of Cineplex takeover by Cineworld extended to June 15

TORONTO — Cineplex Inc. says the Investment Canada Act review of its deal to be acquired by Cineworld Group has been extended to June 15. The review period had been set to end today. The deadline to complete the $2.

Ontario makes temporary change to layoff regulations to help businesses

TORONTO — Ontario is temporarily amending its labour laws to help businesses avoid permanently laying off workers and paying out severance, which could send some into bankruptcy during the pandemic.
Sweats are in, slacks are out: Could 'work-leisure' become business as usual?

Sweats are in, slacks are out: Could 'work-leisure' become business as usual?

Every morning when Ariella Baron searched her closet for something to wear to work, she would mentally scroll through her schedule to calibrate her outfit to the tasks the day had in store for her.

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: Rate announcement The Bank of Canada is scheduled to make its latest interest rate announcement on Wednesday.

Pandemic-related restaurant closures take an emotional and financial toll

Michael Raviele agonized for hours over how to break the news to his loyal customers before finally announcing at 4:30 a.m. on May 15 that he was closing Il Gatto Nero, the Italian restaurant his father first opened some six decades prior.
Minnesota governor apologizes for arrest of CNN crew

Minnesota governor apologizes for arrest of CNN crew

NEW YORK — Following the arrest of a CNN crew on live television by police on Friday, an apologetic Minnesota Gov. Tim Walz promised that journalists would not be interfered with in reporting on violent protests following the death of George Floyd.
Kylie Jenner, Forbes spar over story on billionaire status

Kylie Jenner, Forbes spar over story on billionaire status

LOS ANGELES — Forbes magazine, which once declared Kylie Jenner a billionaire on its cover, says she no longer deserves the title, but Jenner is pushing back.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (15,192.83, down 69.90 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Down 3.5 cents, or 7.29 per cent, to 44.
Crude has best month on record in May as prices surge 88 per cent

Crude has best month on record in May as prices surge 88 per cent

TORONTO — Canada's oil patch has little to celebrate even though crude oil prices concluded their best ever month. The price of West Texas Intermediate surged 88 per cent in May as it gained 5.2 per cent Friday to reach US$35.47 per barrel.

Torstar buyer says Canso picked to provide financing because of media experience

TORONTO — A private investment company that is a major backer of Postmedia Network Corp. has agreed to provide financing for NordStar Capital's acquisition of Torstar Corp., the owner of the Toronto Star and other newspapers.