Skip to content

National Business

SNC-Lavalin to pay $1.9 million for rigging bids on Quebec municipal contracts

SNC-Lavalin to pay $1.9 million for rigging bids on Quebec municipal contracts

OTTAWA — SNC-Lavalin Inc. will pay Ottawa $1.9 million for rigging bids on municipal infrastructure contracts in Quebec as part of a federal settlement.

Quebec securities regulator charges trio over PlexCoin virtual currency scheme

MONTREAL — Quebec's securities regulator has filed civil charges against three residents over the illegal sale of virtual currency called PlexCoin.

Ontario not moving ahead with plan to cut workers statutory holidays

TORONTO — The head of Unifor says he has been assured by Ontario's premier that the province will not proceed with a plan to cut statutory holidays for retail workers.

Bonavista shares-for-debt proposal leaves existing shareholders with 7% stake

CALGARY — Oil and gas producer Bonavista Energy Corp. is proposing a deal with lenders that would eliminate about half of its outstanding debt but leave existing shareholders with only seven per cent of the company.
Statistics Canada says retail sales plunged 26.4 per cent in April

Statistics Canada says retail sales plunged 26.4 per cent in April

OTTAWA — Retail sales fell by more than a quarter in April due to the COVID-19 pandemic, but Statistics Canada said Friday that they regained some of the lost ground in May. The agency said retail sales plunged by a record 26.4 per cent to $34.
Do-it-yourselfers keep renovation sector hopping during COVID-19 pandemic

Do-it-yourselfers keep renovation sector hopping during COVID-19 pandemic

CALGARY — An army of Canadian do-it-yourselfers building fences, repairing decks and slapping thousands of litres of paint on weather-beaten siding have helped building centres across Canada escape the worst of the pandemic economic downturn.

China charges 2 Canadians with spying in Huawei-linked case

BEIJING — China has charged two detained Canadians with spying in cases linked to Canada’s arrest of a Huawei executive on U.S. charges. Chinese prosecutors said Friday that Michael Kovrig and Michael Spavor have been charged.

Ovintiv lays off 25% of staff as fears rise for delayed oil industry recovery

CALGARY — Fears of persistently lower demand for oil are hitting home for industry workers as the world economy slowly strengthens following the deepest disruptions of the COVID-19 crisis. Oil and gas producer Ovintiv Inc.
Telus to launch 5G wireless service in 5 markets on Friday, 26 more by year end

Telus to launch 5G wireless service in 5 markets on Friday, 26 more by year end

VANCOUVER — Telus says its fifth-generation wireless network will be activated in five of Canada's largest markets starting Friday, with another 26 to be added by the end of this year.

Aimia closes Kognitiv transaction after court dismisses Air Canada lawsuit

MONTREAL — Aimia Inc. says it has closed a transaction with Kognitiv Corp. after the Quebec Superior Court dismissed an application from Air Canada to halt the merger.