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Demand for puzzles, plushies fails to offset higher-margin declines at Spin Master

Demand for puzzles, plushies fails to offset higher-margin declines at Spin Master

TORONTO — Closed schools, stores and movie theatres — and a lack of children's birthday parties — have been just a few of the COVID-19-related challenges for toymaker Spin Master. Toronto-based Spin Master Corp.
Hilton sales plunge in second quarter with travel frozen

Hilton sales plunge in second quarter with travel frozen

Hilton lost $432 million in the second quarter, and occupancy rates began to lift from dismal lows as hotels reopen and coronavirus restrictions were lifted around the world.
Canadian Tire sees second-quarter loss amid COVID-19 store closures

Canadian Tire sees second-quarter loss amid COVID-19 store closures

TORONTO — Canadian Tire Corp. Ltd.'s latest quarterly report fell short of analyst expectations as it saw revenue fall amid COVID-19 related store closures.
No summer slowdown in Toronto real estate as July shatters sales record

No summer slowdown in Toronto real estate as July shatters sales record

TORONTO — July was a record-breaking month for Toronto real estate sales, as a nearly 17 per cent price spike did not stop homebuyers from making offers. “Sales activity was extremely strong for the first full month of summer.
Saputo boosts profits despite sagging revenues as retail milk sales rise

Saputo boosts profits despite sagging revenues as retail milk sales rise

MONTREAL — Dairy processor Saputo is reporting higher profits and lower revenues in its first quarter as the COVID-19 pandemic upended consumer buying patterns.
Onex Corp. swings to profit as markets rebound following first-quarter plunge

Onex Corp. swings to profit as markets rebound following first-quarter plunge

TORONTO — Onex Corp. says it swung to a profit in the second quarter, rebounding from segment losses of more than $1.1 billion in the first three months of the year as markets roared back in spite of the pandemic.
Bell parent's Q2 profit plunges as TV, radio assets written down but CEO upbeat

Bell parent's Q2 profit plunges as TV, radio assets written down but CEO upbeat

TORONTO — The parent of Bell Canada saw its net profit fall nearly 70 per cent from the same period last year due to the pandemic's impact on economic activity and customer demand, but said Thursday that it's well-positioned to withstand the headwind
'The data is bad': Black and racialized Canadians lacking on boards, study finds

'The data is bad': Black and racialized Canadians lacking on boards, study finds

TORONTO — Black and racialized people are under-represented and sometimes non-existent on boards in eight major cities across Canada.
Bombardier says business jet activity picking up after taking COVID-19 hit

Bombardier says business jet activity picking up after taking COVID-19 hit

Bombardier Inc. says it is starting to see an improvement in business jet activity as interest in private travel grows after the COVID-19 pandemic forced it to ground its global operations and take a big financial hit in the second quarter.
Manulife's Q2 net income halved as insurer struggles with impacts of COVID-19

Manulife's Q2 net income halved as insurer struggles with impacts of COVID-19

TORONTO — Manulife Financial Inc.'s chief executive says COVID-19 had a "significant" impact on the company's second-quarter performance, but he's confident it will bounce back.