Share Buyback Binge On Hold As Canadian Companies Line Up For Covid-19 Relief


Foodora to close Canadian operations amid union push by couriers: Jake Edmiston



Company cites continual losses, while union representatives decry timing

‘Devastation on all fronts’: For Canada’s oil town, severe flooding just one in a series of disasters: Geoffrey Morgan



Fort McMurray is now dealing with 'two states of emergency' — the pandemic that has kept people in their homes and now the flood

Stocks close more than 1% higher as some states reopen for business: Reuters



Onset of a hectic earnings week

Share buyback binge on hold as Canadian companies line up for COVID-19 relief: Geoff Zochodne



Some of the businesses that were big buyers of their own shares now risk offending a newly important constituency: taxpayers

Oil ETF once again wreaks havoc on crude market in wake of sub-zero prices: Bloomberg News



U.S. Oil Fund unexpectedly started selling all of its holdings of the most active West Texas Intermediate futures contract

Nearly 10,000 businesses apply for wage subsidy in first hours, Trudeau says: The Canadian Press



Applications opened today for emergency measure that will cover 75% of wages for employers, up to $847 per worker

Warren Buffett’s ’Woodstock for Capitalists’ to be held virtually this weekend, but without Charlie Munger: Reuters



Buffett and Greg Abel will answer shareholders’ questions in a live webcast

New USMCA trade pact to go into effect on July 1: Reuters



The July 1 date for the new U.S.-Mexico-Canada trade agreement is a month later than initially proposed

Gears Tactics review: A serious challenger to XCOM’s throne: Chad Sapieha



Gears Tactics borrows liberally from 2K's iconic strategy franchise, but brings plenty of its own Locust Horde flavour to the table

OMERS to launch $750-million venture fund to back tech companies: Bloomberg News



OMERS is set to announce two investments in Canadian startups in the coming weeks

National Bank CEO blasts ‘act of economic warfare’ on North American energy industry: Geoff Zochodne



Global oil majors flooding market with crude earlier this year requires ‘special response’ from Ottawa, says Louis Vachon

The economy will recover from damage wrought by this pandemic, but it will never look the same: Martin Pelletier



Martin Pelletier: Instead of worrying about when the second wave will hit, investors should focus on how the first one is already changing the landscape, especially in Canada

‘Never seen anything as catastrophic’: Malls in Canada face massive hit as unpaid rent surges: Bloomberg News



In the country's enclosed regional malls — a category that includes Toronto's Eaton Centre — only 20 per cent to 25 per cent of tenants paid rent in April

Investors in a risk-on mood today as major economies edge toward reopening, Deutsche Bank earnings beat expectations: Bloomberg News



Data over the weekend showed coronavirus deaths slowed the most in more than a month in Spain, Italy and France

The shortlist for the next Bank of Canada governor is down to two names: Bloomberg News



The pressure is on for Finance Minister Bill Morneau to name a replacement to allow for a transitional period at a crucial time for the central bank

You 2.0: Invest your free time wisely with these self-improvement skills: Leigh Taveroff



Make the most of your time during COVID-19 isolation

Five ways Excel can improve your productivity while working from home: Postmedia Network



More than a spreadsheet program, Microsoft Excel can be used for everything from organization to data analysis. Learning all the ins and outs of Excel will boost your work productivity.

Neiman Marcus investors push for sale as bankruptcy looms; see Hudson’s Bay Co as buyer: Reuters



Sources say investors are challenging $600 million financing package that troubled retailer has lined up

Avocados are in, pork bellies are out in the era of pandemic eating: Bloomberg News



People are stress baking, but they're also eating healthier than they would have at restaurants

Court of Appeal sides with Loblaw in $368 million tax evasion case involving Barbados bank: James McLeod



Government lawyers had argued that if the court sided with Loblaw, it would basically nullify the whole point of the foreign accrual property income rules



[news curation]@wakanda-forever



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