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Plant closings send GM to 2Q loss, but signs of improvement

Plant closings send GM to 2Q loss, but signs of improvement

DETROIT — Even though General Motors was able to reopen its U.S. factories for the last half of the second quarter, the company still lost $806 million from April through June.

Henry's gets court approval to restructure family owned camera retail chain

TORONTO — Camera store chain Henry's says it has received court approval to restructure after more than a century of operations as it tries to survive in a post-pandemic world.
US is expected to report a record-breaking economic plunge

US is expected to report a record-breaking economic plunge

WASHINGTON — Having endured what was surely a record-shattering slump last quarter, the U.S. economy faces a dim outlook as a resurgent coronavirus intensifies doubts about any sustained recovery the rest of the year.

Privacy officials say LifeLabs has asked court to limit their breach report

TORONTO — Two of Canada's provincial privacy officers say that they're still unable to release a full report about last year's security breach at LifeLabs because the company has gone to court to stop them.
Troubles abound, Boeing losses bloom to $2.4 billion in 2Q

Troubles abound, Boeing losses bloom to $2.4 billion in 2Q

Boeing lost $2.4 billion in the second quarter and the company will slow production and cut more jobs as demand for commercial aircraft shrinks during the coronavirus pandemic.

South Korea-Japan trade fight moves to global dispute panel

GENEVA — World Trade Organization members on Wednesday created a dispute panel to rule on a complaint by South Korea against Japan over restrictions on exports to Korea of products used in semiconductors, mobile phone displays and television displays
Prolonged oil industry slump leads to third cut in Canadian drilling forecast

Prolonged oil industry slump leads to third cut in Canadian drilling forecast

CALGARY — The Petroleum Services Association of Canada is cutting its 2020 Canadian drilling forecast for a third time as the industry remains mired in a slump expected to extend well into the second half of the year.
Aphria posts $98.8 million net loss in Q4, missing analyst estimates

Aphria posts $98.8 million net loss in Q4, missing analyst estimates

Canadians may have clamoured to snatch up cannabis products as COVID-19 ravaged the country, but the demand was not enough to keep Aphria Inc. from incurring a multimillion-dollar loss and impairment charge. The Leamington, Ont.
Enbridge reports stronger than feared Q2 Mainline oil transport volumes

Enbridge reports stronger than feared Q2 Mainline oil transport volumes

CALGARY — The main export system for Western Canada's oil production is recovering after volumes fell by less than feared amid the COVID-19 economic slowdown in the second quarter, pipeline company Enbridge Inc. reported Wednesday.
Shopify revenues nearly double in Q2 amid COVID-19 shift to e-commerce

Shopify revenues nearly double in Q2 amid COVID-19 shift to e-commerce

COVID-19 is proving to be no match for Shopify Inc., which nearly doubled revenues and reported US$36 million in profits as the pandemic raged across Canada.
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