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Tesla makes $104M profit in 2Q despite factory shutdown

Tesla makes $104M profit in 2Q despite factory shutdown

DETROIT — Tesla overcame a seven-week pandemic-related shutdown at its U.S. assembly plant to post a surprising $104 million net profit for the second quarter.
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Ottawa reports $29M profit at Trans Mountain but critic says accounting flawed

Ottawa reports $29M profit at Trans Mountain but critic says accounting flawed

CALGARY — A report that says the Trans Mountain pipeline system has earned net income of $29 million in the 19 months since it was purchased by Ottawa relies on faulty accounting, according to a vocal critic of the project.
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Rogers expects Q3 will show signs of recovery but pandemic's impact will remain

Rogers expects Q3 will show signs of recovery but pandemic's impact will remain

TORONTO — The usually busy back-to-school shopping season will likely look different for Rogers Communications Inc. this year, an uncertain outlook that comes as the COVID-19-related economic downturn took a toll during its most recent quarter.
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Most actively traded companies on the TSX

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,171.06, up 8.10 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Up three cents, or 6.59 per cent, to 48.5 cents on 17.
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United sees revenue stalling at 50% without a virus vaccine

United sees revenue stalling at 50% without a virus vaccine

United Airlines executives said Wednesday that travel will rise when the number of new coronavirus cases drops but the airline's revenue will stall around 50% of pre-pandemic levels until there is a vaccine.
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COVID-19 takes big bite out of A&W results as same-store sales plunge

COVID-19 takes big bite out of A&W results as same-store sales plunge

VANCOUVER — A&W Revenue Royalties Income Fund saw same-store sales plunge more than 30 per cent in its most recent quarter as the fast-food chain kept many of its locations shut down due to the COVID-19 pandemic.
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TSX rallies to close higher after mixed day, while dollar and gold prices rise

TSX rallies to close higher after mixed day, while dollar and gold prices rise

TORONTO — A late-day recovery in crude oil helped lift share prices to pull Canada's main stock index out of a listless trading pattern and allow it to end with a slight increase on Wednesday. The S&P/TSX composite index closed up 8.
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Edmonton CFL team sees sales spike in Eskimos gear after name change decision

Edmonton CFL team sees sales spike in Eskimos gear after name change decision

The CFL team formerly known as the Edmonton Eskimos has seen a "very significant" spike in sales of clothing and other items bearing the now-defunct name, says the team's chief executive.
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Cineplex asks Ontario to make changes to theatre occupancy limits

Cineplex asks Ontario to make changes to theatre occupancy limits

TORONTO — Executives at Cineplex Inc. are asking the Ontario government to loosen restrictions over how many people can occupy its cinemas at a single time.
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Crude-by-rail exports fall to four-year low as economic slump frees pipeline space

Crude-by-rail exports fall to four-year low as economic slump frees pipeline space

CALGARY — Canadian exports of crude oil by rail plunged by 63 per cent in May compared with April as North American fuel demand dropped due to measures taken to control the COVID-19 pandemic.
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