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Losses mount for insolvent DavidsTea in Q4 and 2020 amid lockdowns, restructuring

Losses mount for insolvent DavidsTea in Q4 and 2020 amid lockdowns, restructuring

MONTREAL — Insolvent beverage company DavidsTea Inc. says its net losses nearly doubled last year on surging losses in the fourth quarter. The Montreal-based company says it lost $55.9 million or $2.

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (19,108.33, down 147.59 points.) Athabasca Oil Corp. (TSX:ATH). Energy. Up nine cents, or 17.65 per cent, to 60 cents on 11.
North American stock markets fall amid possible signal of rising U.S. interest rates

North American stock markets fall amid possible signal of rising U.S. interest rates

TORONTO — Blockbuster corporate earnings and economic data couldn't prevent global stock markets from tumbling to end the trading week on renewed COVID-19 concerns and a possible signal that U.S. interest rates could be rising sooner than expected.
AstraZeneca delays filing for US authorization of COVID shot

AstraZeneca delays filing for US authorization of COVID shot

LONDON — AstraZeneca said Friday that it intends to seek U.S. authorization for its COVID-19 vaccine in the “coming weeks," acknowledging a delay in the much-anticipated filing that had been expected by mid-April.
Imperial Oil shares rise on dividend bump, higher share buybacks, strong production

Imperial Oil shares rise on dividend bump, higher share buybacks, strong production

CALGARY — Shares in Imperial Oil Ltd. rose Friday after it raised its dividend by nearly 23 per cent and announced accelerated share buybacks as it continues to prioritize returns to shareholders over spending on big growth projects.
Early estimate from Statistics Canada shows economic growth slowed in Q1

Early estimate from Statistics Canada shows economic growth slowed in Q1

OTTAWA — The Canadian economy grew at an annual rate of 6.5 per cent through the first quarter of the year, Statistics Canada said Friday, bringing the country tantalizing close to reaching pre-pandemic output.
Tim Hortons sales slump as stay-at-home orders impact morning coffee runs to chain

Tim Hortons sales slump as stay-at-home orders impact morning coffee runs to chain

Ongoing stay-at-home orders in Canada are continuing to dampen sales at Tim Hortons, with the impact on morning coffee routines the single largest drag on the chain's sales, the head of the restaurant's parent company said Friday.
TikTok names exec at Chinese parent ByteDance as new CEO

TikTok names exec at Chinese parent ByteDance as new CEO

The hit video app TikTok said Friday that an executive at its Chinese parent company, ByteDance, will now also serve as TikTok CEO. The new CEO, Shouzi Chew, is the chief financial officer of ByteDance.
EU accuses Apple of antitrust breach over App Store rules

EU accuses Apple of antitrust breach over App Store rules

LONDON — European Union regulators accused Apple on Friday of violating the bloc's antitrust laws, alleging the iPhone maker distorts competition for music streaming by imposing unfair rules for rival services in its App Store.
Strike ends at Volvo plant in Va. as tentative deal reached

Strike ends at Volvo plant in Va. as tentative deal reached

A strike at a Volvo plant in Virginia has ended following a tentative deal between the workers' union and automaker. The UAW Volvo Truck Council said Friday that Volvo Truck workers will be scheduled to return to their regular shifts on Monday.