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Tilray's Q1 net loss widens to US$184.1 million amid layoffs and restructuring

Tilray's Q1 net loss widens to US$184.1 million amid layoffs and restructuring

Tilray Inc. experienced a rocky first quarter as it grappled with losing 10 per cent of its workforce through layoffs and then the restructuring of its operations. The Nanaimo, B.C.,-based cannabis firm, which reports its earnings in U.S.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (15,103.22, up 136.66 points.) Freegold Ventures Ltd. (TSX:FVL). Materials. Unchanged at 34 cents on 21.8 million shares.
Oilpatch welcomes federal aid for large firms despite climate change conditions

Oilpatch welcomes federal aid for large firms despite climate change conditions

CALGARY — A federal financing relief package for large Canadian companies was applauded by the oil and gas sector and the Alberta government on Monday despite conditions that could link the aid to an individual company's climate change goals.
Toronto stock market moves higher to start week as Shopify surges

Toronto stock market moves higher to start week as Shopify surges

TORONTO — Shopify Inc. led Canada's main stock index higher to start the week as the technology sector continues to thrive amid the COVID-19 pandemic. The S&P/TSX composite index closed up 136.66 points at 15,103.

Pandemic prompts Vancouver Airport Authority to lay off workers

VANCOUVER — The Vancouver Airport Authority says it has issued layoff notices to 25 per cent of its nearly 550-person workforce, including both management and union employees.
Quebecor's interest in Cirque du Soleil seems logical, analyst says

Quebecor's interest in Cirque du Soleil seems logical, analyst says

MONTREAL — Quebecor's interest in Cirque du Soleil seems logical to at least one financial analyst if the media company opts to trim the size of Cirque's entertainment business in order to revive its financial health.

Investment watchdog imposes $1.8M in fines in 2019, nearly double 2018 levels

TORONTO — A total of $1.8 million in sanctions was levied against Canadian investment firms by a national industry watchdog last year, about double what it imposed in 2018.
Real estate trusts report May commercial rent payments in line with April

Real estate trusts report May commercial rent payments in line with April

TORONTO — The amount of commercial rent payments for May look to be similar to April, several real estate investment trusts said while reporting quarterly earnings, in spite of concerns the picture would worsen amid extended business closures.
Ensign Energy Services suspends quarterly dividend, reports $29.3M Q1 loss

Ensign Energy Services suspends quarterly dividend, reports $29.3M Q1 loss

CALGARY — One of Canada's biggest drilling companies will cut its dividend and further reduce spending as a deep downturn in North American oil and gas exploration continues to weigh on the oilfield services sector.
COVID-19 measures give temporary reprieve from growing insolvency, association says

COVID-19 measures give temporary reprieve from growing insolvency, association says

OTTAWA — Consumer insolvencies are expected to spike in the wake of the COVID-19 pandemic despite a reprieve in the number of filings in March.