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Best Buy cut 5,000 jobs even as sales soared during pandemic

Best Buy cut 5,000 jobs even as sales soared during pandemic

NEW YORK — Best Buy said Thursday that it laid off 5,000 full-time store workers earlier this month, even as the company's sales soared during the pandemic as homebound people bought laptops, TVs and other gadgets.
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TD Bank Group sees strong wealth and insurance gains, but closing U.S. locations

TD Bank Group sees strong wealth and insurance gains, but closing U.S. locations

TORONTO — TD Bank Group topped expectations as it reported its first-quarter profit rose 10 per cent compared with a year ago. Yet the bank's Toronto-listed shares fell nearly 1.7 per cent to close at $78.
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Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (18,223.54, down 260.99 points.) ClearStream Energy Services Inc. (TSX:CSM). Energy. Up six cents, or 171.43 per cent, to 9.
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Peppa Pig theme park set for Legoland Florida Resort in 2022

Peppa Pig theme park set for Legoland Florida Resort in 2022

WINTER HAVEN, Fla. — A standalone Peppa Pig theme park is set to open next year at the Legoland Florida Resort, park officials announced Thursday.
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North American stock markets lower on inflation fear; loonie briefly hits 80 cents US

North American stock markets lower on inflation fear; loonie briefly hits 80 cents US

TORONTO — Major stock indexes in Canada and the U.S. closed lower Thursday as inflation fears swirled and the Canadian loonie rose over 80 cents US before falling back to earth.
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Loblaw's discount stores on upswing after 'flight to conventional' stores: president

Loblaw's discount stores on upswing after 'flight to conventional' stores: president

Loblaw Companies Ltd.'s discount grocery stores are starting to win back market share after consumers flocked to conventional supermarkets at the outset of the pandemic, the company's president said Thursday.
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Dairy farmers lobby asks members to stop using palm oil in feed after 'buttergate'

Dairy farmers lobby asks members to stop using palm oil in feed after 'buttergate'

A dairy producers' lobbying group is asking farmers to consider alternatives to palm supplements in livestock feed pending the results of an investigation launched in response to consumers' concerns about perceived changes to the consistency of butte
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Game on, again: GameStop surges and no one truly knows why

Game on, again: GameStop surges and no one truly knows why

NEW YORK — Wall Street's GameStop saga won't stop. After weeks of going dormant, shares of GameStop have suddenly shot higher again, rising 18.6% Thursday after surging 75% in the last hour of trading Wednesday.
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Banks carve out gains from wealth management, mortgages even as some sectors languish

Banks carve out gains from wealth management, mortgages even as some sectors languish

TORONTO — TD chief executive Bharat Masrani said on Thursday it was “too early to declare victory” against the COVID-19 pandemic — even as TD was one of six Canadian banks that reduced its provisions for bad debt, citing better prospects for the econ
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Health innovation needs to return to Canada: Business Council of Canada CEO

Health innovation needs to return to Canada: Business Council of Canada CEO

TORONTO — The head of the Business Council of Canada is worried about the country's inability to produce vaccines and certain medical supplies, but hopes the pandemic will pressure governments to rectify the situation.
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