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

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: George Weston earnings George Weston Ltd. releases its Q2 financial results on Tuesday.
Boosting marginalized groups key to 'feminist economic recovery,' report says

Boosting marginalized groups key to 'feminist economic recovery,' report says

TORONTO — Canadians cannot expect the economy to fully recover from COVID-19 without helping those most affected by the downturn — including women, people of colour, and the LGBTQ+ community, a new report says.
Pandemic hurts sales, profit for Pfizer amid restructuring

Pandemic hurts sales, profit for Pfizer amid restructuring

FAIRLESS HILLS, Pa. — Pfizer Inc. reported a 32% plunge in second-quarter profit, mainly due to the global coronavirus pandemic limiting marketing of and new prescriptions for its medicines, even as the drugmaker races to develop a vaccine.
Oilsands production expected to rebound after pandemic-linked 2020 slump

Oilsands production expected to rebound after pandemic-linked 2020 slump

CALGARY — A new report predicts Canadian oilsands production will have its biggest annual decline on record this year, dropping by an average of nearly 175,000 barrels per day due to issues associated with the COVID-19 pandemic.
Pipeline owner fined for unsafe incident near GO tracks in Greater Toronto

Pipeline owner fined for unsafe incident near GO tracks in Greater Toronto

CALGARY — The Canada Energy Regulator is fining Trans-Northern Pipelines $40,000 for an incident near a commuter train line in Greater Toronto that resulted in damage to a pipeline transporting gasoline.
Malaysian ex-PM Najib given 12 years in jail in 1MDB scandal

Malaysian ex-PM Najib given 12 years in jail in 1MDB scandal

KUALA LUMPUR, Malaysia — A Malaysian court sentenced former Prime Minister Najib Razak to serve 12 years in prison on Tuesday after finding him guilty in the first of several corruption trials linked to the multibillion-dollar looting of the 1MDB sta
In reversal, CES gadget show won't be in-person after all

In reversal, CES gadget show won't be in-person after all

NEW YORK — CES, one of the world’s biggest technology conferences, will be a virtual event in January due to the coronavirus pandemic, a reversal from May when organizers said it would go on as a smaller gathering in Las Vegas.
George Weston loses $255 million in second quarter on COVID-related costs

George Weston loses $255 million in second quarter on COVID-related costs

TORONTO — George Weston Ltd. recorded a $255-million loss in its latest quarter despite boost in revenue as the ongoing COVID-19 pandemic significantly impacted its three operating arms.
RBC agrees to buy electricity from new southern Alberta solar power farm project

RBC agrees to buy electricity from new southern Alberta solar power farm project

CALGARY — The Royal Bank of Canada says it is the first Canadian bank to sign a long-term renewable energy power purchase agreement, a deal which will support development of a 39-megawatt, $70-million solar project in southern Alberta.
Sneaker aficionados look to get in on lucrative trade of rare kicks

Sneaker aficionados look to get in on lucrative trade of rare kicks

TORONTO — Mario Ruiz started collecting vintage clothing and hard-to-find shoes in Grade 7 before hawking his wares from his high school locker at a profit.