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Russel Metals hit by energy weakness, but plays down prospect of steel tariffs

Russel Metals hit by energy weakness, but plays down prospect of steel tariffs

TORONTO — Russel Metals Inc. reported ailing sales numbers this week, citing not only the COVID-19 pandemic but also low energy prices and drilling activity levels, along with weather delays.
Toronto stock market dips as uncertainties trump strong jobs reports

Toronto stock market dips as uncertainties trump strong jobs reports

TORONTO — Major North American indexes were mixed Friday as trade and stimulus uncertainties trumped stronger-than-expected jobs reports in Canada and the U.S. The S&P/TSX composite index lost 34.62 points to 16,544.48.

US consumer borrowing up in June after 3 months of declines

WASHINGTON — The pandemic still has Americans easing off the plastic. U.S. consumer borrowing rose in June after three months of declines but the key category of credit card debt extended its decline.
Union to extend Montreal port strike indefinitely as dock tensions escalate

Union to extend Montreal port strike indefinitely as dock tensions escalate

Montreal dock workers plan to launch a port-wide strike without an end date starting Monday, the latest move in an escalating standoff between the union and the Maritime Employers Association.

CCL Industries sees split demand as sanitizer spikes, event sales fall

Toronto-based packaging company CCL Industries Inc.
Linamar helped by ventilator contracts as automobile sales plummeted

Linamar helped by ventilator contracts as automobile sales plummeted

GUELPH, Ont. — Linamar Corp. executives said this week that making ventilators for COVID-19 relief is one of many ways the manufacturing company powered through plummeting auto sales. The company based in Guelph, Ont.
Caisse de depot posts negative 2.3 per cent return in first six months of 2020

Caisse de depot posts negative 2.3 per cent return in first six months of 2020

MONTREAL — The Caisse de depot et placement du Quebec says the economic impacts of the COVID-19 pandemic resulted in posting a negative return of 2.3 per cent during the first six months of 2020.
Heroux-Devtek earnings down amid turbulence in aerospace industry

Heroux-Devtek earnings down amid turbulence in aerospace industry

Heroux-Devtek Inc. swung to a net loss in its latest quarter as the landing-gear manufacturer felt the impact from severe turbulence in the global aerospace industry caused by the COVID-19 pandemic. The Quebec-based company said it lost $1.
U.S. aluminum tariffs 'disappointing' and 'unfortunate,' says B.C. premier

U.S. aluminum tariffs 'disappointing' and 'unfortunate,' says B.C. premier

VICTORIA — British Columbia Premier John Horgan says the United States government's decision to impose tariffs on Canadian raw aluminum is "disappointing." A statement from the premier's office says Canadian aluminum exports do not harm the U.S.
Domtar launches strategic review of personal care business after nine years

Domtar launches strategic review of personal care business after nine years

Domtar Corp. is launching a strategic review of its personal care business, nine years after launching the diaper and incontinence operations.