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Caisse hires UN ambassador Blanchard as executive in charge of global portfolio

Caisse hires UN ambassador Blanchard as executive in charge of global portfolio

MONTREAL — Quebec's pension fund manager, the Caisse de depot, has hired Canada's United Nations ambassador as a senior executive.
Fairfax Financial Q2 profits drop as first half COVID losses near US$400 million

Fairfax Financial Q2 profits drop as first half COVID losses near US$400 million

TORONTO — Fairfax Financial Holdings Ltd. says its net income attributable to shareholders decreased 12 per cent in its latest quarter as COVID-19 losses in the first six months of the year approached US$400 million.
Centerra Gold boosts dividend after Q2 profits surge to US$80.7 million

Centerra Gold boosts dividend after Q2 profits surge to US$80.7 million

TORONTO — Centerra Gold Inc. is boosting its quarterly dividend by 25 per cent after reporting that earnings soared in its latest quarter on a 21-per-cent boost in revenues.
Telus Q2 profit drops 39 per cent to $315 million despite uptick in revenues

Telus Q2 profit drops 39 per cent to $315 million despite uptick in revenues

Telus Corp.'s net income fell 39 per cent in its latest quarter to $315 million despite an uptick in revenues, as operating expenses at its wired services increased from the same time last year.
US consumer spending up 5.6%, but virus could stall gains

US consumer spending up 5.6%, but virus could stall gains

WASHINGTON — American consumers increased their spending in June by a solid 5.6%, helping regain some of record plunge that occurred after the coronavirus struck hard in March and paralyzed the economy.
Reitmans future uncertain as it negotiates loan while Q1 losses surged

Reitmans future uncertain as it negotiates loan while Q1 losses surged

MONTREAL — Reitmans Canada Ltd. says its future remains uncertain as the insolvent women's apparel retailer negotiates for interim financing. The Montreal-based company had $206.6 million in liabilities and $42.
DavidsTea first-quarter loss soars to $45.8 million as sales weaken

DavidsTea first-quarter loss soars to $45.8 million as sales weaken

MONTREAL — DavidsTea Inc. says its net loss soared in its fiscal first quarter, a day after the insolvent beverage company announced it will shrink its retail network to 18 stores in Canada. The Montreal-based company says it lost $45.
Wages and benefits grow at slowest pace in 3 years

Wages and benefits grow at slowest pace in 3 years

WASHINGTON — Wages and benefits for U.S. workers rose at the slowest pace in three years in the April-June quarter, a sign that businesses are holding back on pay as well as cutting jobs in the coronavirus recession. Pay and benefits increased 0.
Violence erupts near Montreal port amid strike, prompting police investigation

Violence erupts near Montreal port amid strike, prompting police investigation

Montreal police are investigating a confrontation between dockworkers and port managers that erupted in violence Wednesday night amid a longshoremen strike. Police received a call at around 7 p.m.
CAMH, Western among Canadian orgs. affected by ransomware attack on Blackbaud

CAMH, Western among Canadian orgs. affected by ransomware attack on Blackbaud

TORONTO — At least two prominent fundraising organizations in Canada have notified their donors that their personal information may have been compromised in a May ransomware attack.
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