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Why You Should Make ‘Career Cushioning’ Part of Your Job This Year + MORE Feb 1st
Have you ever casually browsed job boards, just to see what’s out there? Taken a recruiter’s call, even though you’re not sure you want to leave your current role anytime soon? Started a side hustle because it never hurts to have a Plan B? Congratulations, you were “career cushioning”—wh.... More »
How to calculate capital gains and losses on rental property Apr 16th
Q. I am selling my rental property, which I lived in for six years before renting it out the last five years. I do not own another home and I am selling this one for less than market value because some horrible renters caused the property to become run down. My mortgage principal is $263,000 and I.... More »
Migrant workers 'hiding' from COVID-19 testing, says Premier Ford - CBC News + MORE Jul 3rd
Migrant workers 'hiding' from COVID-19 testing, says Premier Ford CBC NewsCoronavirus: Ontario premier announces additional $150M investment in homeless shelters | FULL Global NewsStage 3 of Ontario's COVID-19 reopening plan looms nearer CBC.caTory wants Trudeau and .... More »
Sherritt seeks extension on $720-million in debt to weather downturn + MORE May 31st
Company says a three-year delay would treat all noteholders fairly and provide greater financial stability as it weathers a period of weak commodity prices
.... More »
Surviving the crunch + MORE Apr 20th
Julie and Noel Bond seemed well on their way to realizing the Canadian dream when they moved east of Vancouver to the small community of Mission in 2014 so they could afford a three-bedroom house for their growing family. They now have two pre-school children and are expecting a baby in March.
While.... More »
Drilling company PHX Energy Services cuts half of workforce, 500 jobs lost
– canadianbusiness.com
CALGARY – Calgary-based drilling company PHX Energy Services Corp. has laid off nearly 50 per cent of its workforce, putting more than 500 people out of work.
The company, which provides drilling technology and services to oil and gas companies in Canada, the United States, Albania and Russia, says most of the job cuts affected people living in Alberta.
PHX said in a statement that the layoffs were necessary due to “current market challenges and uncertainty with respect to future oil commodity prices and drilling activity.”
The job cuts, announced Thursday, came despite company-wide salary reductions earlier this year of between five and 20 per cent.
The cuts follow an Alberta government report that more than 12,700 people have lost their jobs in the province in group layoffs as of Sept. 4.
And it says more than 75 per cent of them have been in the energy sector, while the remaining 25 per cent were related to the retail, food and financial services sectors.
In Alberta, employers are required to provide notice to the province when 50 staff or more are let go…
The company, which provides drilling technology and services to oil and gas companies in Canada, the United States, Albania and Russia, says most of the job cuts affected people living in Alberta.
PHX said in a statement that the layoffs were necessary due to “current market challenges and uncertainty with respect to future oil commodity prices and drilling activity.”
The job cuts, announced Thursday, came despite company-wide salary reductions earlier this year of between five and 20 per cent.
The cuts follow an Alberta government report that more than 12,700 people have lost their jobs in the province in group layoffs as of Sept. 4.
And it says more than 75 per cent of them have been in the energy sector, while the remaining 25 per cent were related to the retail, food and financial services sectors.
In Alberta, employers are required to provide notice to the province when 50 staff or more are let go…
TSX ends week with triple-digit loss
– canoe.ca
The Toronto Stock Exchange finished the trading week with a triple-digit loss in the wake of a pessimistic report from Goldman Sachs that said crude oil prices could dip as low as US$20 a barrel next year.
Can this couple evade market volatility, invest in a bright retirement?
– theglobeandmail.com
Feeling nervous about financial markets, this couple hope to invest their mostly cash savings
Most actively traded companies on the TSX
– canadianbusiness.com
Some of the most active companies traded Friday on the Toronto Stock Exchange:
Toronto Stock Exchange (13,461.47, down 108.42 points):
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down two cents, or 1.06 per cent, to $1.86 on 29.8 million shares.
Barrick Gold Corp. (TSX:ABX). Miner. Up 21 cents, or 2.55 per cent, to $8.43 on 5.9 million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Up seven cents, or 0.91 per cent, to $7.75 on 5.7 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Up eight cents, or 3.98 per cent, to $2.09 on 5.3 million shares.
Encana Corp. (TSX:ECA). Oil and gas. Down one cent, or 0.10 per cent, to $9.55 on 4.2 million shares.
Kinross Gold Corp. (TSX:K). Miner. Down three cents, or 1.47 per cent, to $2.01 on 3.9 million shares.
Companies reporting major news:
BRP Inc. (TSX:DOO). Recreational vehicles. Down 23 cents, or 0.86 per cent, to $26.60 on 191,934 shares. BRP beat analyst expectations even though its net loss surged to $68.3 million from $3.6 million a year ago due to a $71…
Toronto Stock Exchange (13,461.47, down 108.42 points):
Bombardier Inc. (TSX:BBD.B). Aerospace, rail equipment. Down two cents, or 1.06 per cent, to $1.86 on 29.8 million shares.
Barrick Gold Corp. (TSX:ABX). Miner. Up 21 cents, or 2.55 per cent, to $8.43 on 5.9 million shares.
First Quantum Minerals Ltd. (TSX:FM). Miner. Up seven cents, or 0.91 per cent, to $7.75 on 5.7 million shares.
Yamana Gold Inc. (TSX:YRI). Miner. Up eight cents, or 3.98 per cent, to $2.09 on 5.3 million shares.
Encana Corp. (TSX:ECA). Oil and gas. Down one cent, or 0.10 per cent, to $9.55 on 4.2 million shares.
Kinross Gold Corp. (TSX:K). Miner. Down three cents, or 1.47 per cent, to $2.01 on 3.9 million shares.
Companies reporting major news:
BRP Inc. (TSX:DOO). Recreational vehicles. Down 23 cents, or 0.86 per cent, to $26.60 on 191,934 shares. BRP beat analyst expectations even though its net loss surged to $68.3 million from $3.6 million a year ago due to a $71…
ABC OnlineHungary's PM calls on EU to give $5b in aid to Syria's neighboursABC OnlineHungary's prime minister says he wants the European Union to give Syria's neighbours $5 billion in financial aid to help those displaced by the country's civil war. Key points. Hungary's PM Viktor Orban calls for $5 billion in aid to be given to Syria …Europe migrant crisis: Hungary PM calls for €3bn Syria aid packageBBC NewsHungary calls for massive aid package to stem flow of migrantsChannel News AsiaMigrant quota plan rebuffed by four European nationsStuff.co.nzThe Denver Post -Reuters -Bangkok Postall 1,547 news articles »
