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Martinrea loses $146.9 million in Q2 on 51 per cent drop in sales due to COVID-19

TORONTO — Martinrea International Inc. swung to a large loss in its recent quarter as automotive plant closures during the COVID-19 pandemic took a big bite out of its revenues. The autoparts manufacturer says it lost $146.9 million or $1.
Barrick CEO vows to stick to capital strategy as gold prices boost Q2 profits

Barrick CEO vows to stick to capital strategy as gold prices boost Q2 profits

TORONTO — The chief executive of Barrick Gold Corp. said Monday the company's strategy for spending money is unchanged despite a run up in gold prices that boosted second-quarter results and prompted an increased dividend.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (16,605.50, up 61.02 points.) Bombardier Inc. (TXS:BBD.B). Industrials. Down a penny, or 2.35 per cent, to nearly $0.42 on 14.
Energy sector lifts Toronto's main index, while U.S. performance mixed

Energy sector lifts Toronto's main index, while U.S. performance mixed

TORONTO — The energy sector helped lift Toronto's main stock index Monday, while those south of the border were mixed. The S&P/TSX composite index rose 61.02 points to close at 16,605.
McKesson names Western University graduate to head its Canadian operations

McKesson names Western University graduate to head its Canadian operations

IRVING, Texas — McKesson Corp. has appointed Rebecca McKillican as chief executive of its Canadian operations, effective immediately. She succeeds Domenic Pilla, who announced his plans to retire from the company in late 2019.
Fiat Chrysler calls GM's bribery allegations 'preposterous'

Fiat Chrysler calls GM's bribery allegations 'preposterous'

DETROIT — Allegations by General Motors that Fiat Chrysler Automobiles bribed union officials are “preposterous” and read like a script from a “third-rate spy movie,” FCA lawyers wrote in court documents filed Monday.
McDonald's sues ousted CEO, alleging employee relationships

McDonald's sues ousted CEO, alleging employee relationships

McDonald’s says it's suing Stephen Easterbrook, the CEO it ousted last year over an inappropriate relationship with an employee, alleging Monday that he covered up relationships with three other employees and destroyed evidence.
Canadian Natural to take over Painted Pony Energy in $461-million deal

Canadian Natural to take over Painted Pony Energy in $461-million deal

CALGARY — Canadian Natural Resources Ltd. has struck a $461-million deal to buy Painted Pony Energy Ltd. as it looks to grow its position in the liquids-rich Montney natural gas region of northeastern B.C.
Alstom says Bombardier rail problems may affect terms of deal as talks continue

Alstom says Bombardier rail problems may affect terms of deal as talks continue

MONTREAL — French rail giant Alstom SA is warning that problems at Bombardier's train division may affect negotiations to buy it, but says it still plans to go ahead with the takeover deal.
Sidewalk Labs Toronto office up for lease after layoffs, abandoning smart city

Sidewalk Labs Toronto office up for lease after layoffs, abandoning smart city

TORONTO — Sidewalk Labs' Toronto office space is available for lease months after the company walked away from building a tech-savvy neighbourhood in the city.