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National Business

Bar owners that offer rare wine and spirits carve takeout business model

TORONTO — Bar and restaurant owners who deal in specialty alcohol say they've carved out a new business model around Ontario's relaxed rules for takeout liquor, and they'll fight to make the system permanent.
Business owners on their own when it comes to mask bylaw enforcement

Business owners on their own when it comes to mask bylaw enforcement

TORONTO — As Ontario municipalities enact new measures regarding the use of masks in commercial locations, business owners are on their own when it comes to dealing with customers who refuse to comply.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (15,595.50, down 74.17 points.) The Toronto-Dominion Bank (TSX:TD). Financials. Down 95 cents, or 1.55 per cent, to $60.22 on 13.

Nova Chemicals hires industry veteran Luis Sierra to replace retiring CEO

CALGARY — Nova Chemicals Corp. has appointed a veteran petrochemical industry executive to replace CEO Todd Karran, who previously announced his retirement.
S&P/TSX composite dips even as gold price rises to near nine-year high

S&P/TSX composite dips even as gold price rises to near nine-year high

TORONTO — Canada's main stock index dipped on rising COVID-19 infections but still outperformed its U.S. counterparts as the materials sector surged with the price of gold hitting a near nine-year high.
Canada's two largest railways move record grain in June, second quarter

Canada's two largest railways move record grain in June, second quarter

Canada's two largest railways moved record quantities of grain in the second quarter after benefiting from another strong month in June.

Detour gold mine addition boosts Kirkland Lake second-quarter production

TORONTO — Shares in Kirkland Lake Gold Ltd. jumped by 5.2 per cent to $59.71 on Tuesday after it reported higher-than-expected gold production in the second quarter ended June 30.
N.L. judge says extension of offshore drilling licence unreasonable

N.L. judge says extension of offshore drilling licence unreasonable

ST. JOHN'S, N.L. — Environmental groups are celebrating after the Newfoundland and Labrador Supreme Court ruled the province's oil and gas board acted unreasonably by extending an exploration drilling licence beyond the defined term limit.
Oilsands companies restoring production as demand growth spurs higher prices

Oilsands companies restoring production as demand growth spurs higher prices

CALGARY — Oilsands companies are restoring thousands of barrels of daily production to take advantage of higher oil prices as relaxed pandemic measures allow North American consumers to get back on the road.
Toronto home sales rose in June, but supply still hasn't caught up

Toronto home sales rose in June, but supply still hasn't caught up

TORONTO — More buyers are wading into the Greater Toronto Area housing market after putting the hunt for a home on hold at the start of the COVID-19 pandemic, but there aren't enough properties available to meet the demand.