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Ontario wineries struggling to find way forward under COVID-19 restrictions

Ontario wineries struggling to find way forward under COVID-19 restrictions

Every few days Nicolette Novak is paralyzed with worry about how to keep her winery going during the COVID-19 pandemic. Novak is the owner of Good Earth Food and Wine Co., a small winery in Beamsville, Ont.

Frontera suspends dividend, withdraws guidance as it reports $388-million loss

CALGARY — Frontera Energy Corp. says it has suspended its dividends, withdrawn its guidance for the year and won't repurchase shares because of difficult operating conditions. The Calgary-based oil producer says it lost nearly $388 million or $4.
WSP profits fall by more than 75 per cent amid 'extreme market volatility'

WSP profits fall by more than 75 per cent amid 'extreme market volatility'

MONTREAL — WSP Global Inc. saw profits fall by 77 per cent last quarter amid "extreme market volatility" triggered by the COVID-19 crisis. Net income dropped to $14.

Parkland Fuel sees $79-million loss in first quarter on higher revenues

CALGARY — Parkland Fuel Corp. says it saw a $79-million loss in the first quarter. The Calgary-based company says that equalled a loss of 53 cents per diluted share, compared with a profit of 52 cents per share or $77 million a year earlier.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (14,830.74, up 19.18 points.) Freegold Ventures Ltd. (TSX:FVL). Materials. Up nine cents, or 112.5 per cent, to 17 cents on 26.
Spin Master reports net loss of US$27 million on supply chain issues

Spin Master reports net loss of US$27 million on supply chain issues

TORONTO — Spin Master Corp. says it had a net loss of US$26.7 million in the first quarter as it struggled with supply chain issues and the COVID-19 outbreak. The company, which reports in U.S.
TSX inches higher as Shopify overtakes RBC as top Canadian company

TSX inches higher as Shopify overtakes RBC as top Canadian company

TORONTO — Canada's main stock index inched higher midweek as Shopify Inc. overtook the Royal Bank of Canada to become the country's most valuable company thanks in part to a boom in online shopping while Canadians adopt physical distancing.
Shopify overtakes RBC as most valued Canadian company as online services in demand

Shopify overtakes RBC as most valued Canadian company as online services in demand

OTTAWA — Shopify Inc. overtook RBC as the most valuable Canadian company Wednesday after the company's share price climbed on signs demand for online commerce is higher than ever.
NYT says it can 'ride out' virus as subscriber numbers boom

NYT says it can 'ride out' virus as subscriber numbers boom

The New York Times Co. added new digital subscribers at a record rate as the coronavirus spread in the first quarter, helping offset shrinking ad revenues.
General Motors to restart some Ontario production next week, most week after

General Motors to restart some Ontario production next week, most week after

OSHAWA, Ont. — General Motors says it plans to restart some production at its engine plant in St. Catharines, Ont. next week ahead of a wider restart of North American operations the week of May 18.