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Hydro One reports $1.1B Q2 profit boosted by one-time gain due to court ruling

Hydro One reports $1.1B Q2 profit boosted by one-time gain due to court ruling

TORONTO — Hydro One Ltd. reported a second-quarter profit of $1.1 billion, boosted by a one-time gain related to a court decision.

Millennial Money: How we renegotiated our bills to cut costs

I know, I know. You’ve probably heard all about how you should renegotiate your bills to save money. But that’s easier said than done, right? That’s why I tried it out.
Ottawa won't intervene to end dockworkers strike at Port of Montreal, says minister

Ottawa won't intervene to end dockworkers strike at Port of Montreal, says minister

MONTREAL — Canada's labour minister has rejected requests to intervene in a strike launched Monday by Port of Montreal workers.

Martinrea loses $146.9 million in Q2 on 51 per cent drop in sales due to COVID-19

TORONTO — Martinrea International Inc. swung to a large loss in its recent quarter as automotive plant closures during the COVID-19 pandemic took a big bite out of its revenues. The autoparts manufacturer says it lost $146.9 million or $1.
Barrick CEO vows to stick to capital strategy as gold prices boost Q2 profits

Barrick CEO vows to stick to capital strategy as gold prices boost Q2 profits

TORONTO — The chief executive of Barrick Gold Corp. said Monday the company's strategy for spending money is unchanged despite a run up in gold prices that boosted second-quarter results and prompted an increased dividend.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (16,605.50, up 61.02 points.) Bombardier Inc. (TXS:BBD.B). Industrials. Down a penny, or 2.35 per cent, to nearly $0.42 on 14.
Energy sector lifts Toronto's main index, while U.S. performance mixed

Energy sector lifts Toronto's main index, while U.S. performance mixed

TORONTO — The energy sector helped lift Toronto's main stock index Monday, while those south of the border were mixed. The S&P/TSX composite index rose 61.02 points to close at 16,605.
McKesson names Western University graduate to head its Canadian operations

McKesson names Western University graduate to head its Canadian operations

IRVING, Texas — McKesson Corp. has appointed Rebecca McKillican as chief executive of its Canadian operations, effective immediately. She succeeds Domenic Pilla, who announced his plans to retire from the company in late 2019.
Fiat Chrysler calls GM's bribery allegations 'preposterous'

Fiat Chrysler calls GM's bribery allegations 'preposterous'

DETROIT — Allegations by General Motors that Fiat Chrysler Automobiles bribed union officials are “preposterous” and read like a script from a “third-rate spy movie,” FCA lawyers wrote in court documents filed Monday.
McDonald's sues ousted CEO, alleging employee relationships

McDonald's sues ousted CEO, alleging employee relationships

McDonald’s says it's suing Stephen Easterbrook, the CEO it ousted last year over an inappropriate relationship with an employee, alleging Monday that he covered up relationships with three other employees and destroyed evidence.