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Key Canadian bankruptcy laws and terms

Key Canadian bankruptcy laws and terms

With the number of commercial bankruptcies and insolvencies expected to rise in the coming months, here are some key Canadian laws and terms that will show up as corporations look to restructure their operations: A corporation becomes insolvent when
Companies already in financial trouble face CCAA reckoning as COVID-19 drags on

Companies already in financial trouble face CCAA reckoning as COVID-19 drags on

TORONTO — Olivier Benchaya knew from early in the COVID-19 shutdown that Canada's business community was headed for significant upheaval, but even weeks later, the restructuring and insolvency partner at Richter is still trying to grasp the severity
Masks and closed fitting rooms: Reopened retail to look vastly different

Masks and closed fitting rooms: Reopened retail to look vastly different

VANCOUVER — Shoppers at recently reopened Sleep Country stores looking to test mattresses or pillows will find a disposable protective barrier between them and the product.
36 million have sought US unemployment aid since virus hit

36 million have sought US unemployment aid since virus hit

WASHINGTON — Nearly 3 million laid-off workers applied for U.S. unemployment benefits last week as the viral outbreak led more companies to slash jobs even though most states have begun to let some businesses reopen under certain restrictions.
Manufacturing sales fell 9.2% in March as factories closed due to the pandemic

Manufacturing sales fell 9.2% in March as factories closed due to the pandemic

OTTAWA — Canadian manufacturing sales posted their biggest percentage drop since the financial crisis in March and economists warned sales are expected to continue to fall in April as the COVID-19 pandemic brought the economy to a crawl.
Wisconsin high court tosses out governor's stay-home order

Wisconsin high court tosses out governor's stay-home order

MADISON, Wis. — The Wisconsin Supreme Court struck down Gov. Tony Evers' coronavirus stay-at-home order Wednesday, ruling that his administration overstepped its authority when it extended it for another month without consulting legislators.
'We are far from out of the woods': Horgan cautions that COVID-19 is still here

'We are far from out of the woods': Horgan cautions that COVID-19 is still here

VICTORIA — Guidelines on health and safety for businesses and services in British Columbia to begin reopening will be available next week just as some restrictions are lifted in the province, says the premier.
Norway's wealth fund excludes oilsands investments over greenhouse gas emissions

Norway's wealth fund excludes oilsands investments over greenhouse gas emissions

CALGARY — Prime Minister Justin Trudeau says news that one of the world's largest investment funds will exclude four Canadian oilsands producers from consideration for investing is part of a continuing shift in global attitudes for which oil companie
MLAs in Saskatchewan could get back to legislature work before election

MLAs in Saskatchewan could get back to legislature work before election

REGINA — Saskatchewan Premier Scott Moe has laid out the conditions for recalling the legislature after weeks of prodding from the NDP opposition.
Dispute over reopening California Tesla factory may be over

Dispute over reopening California Tesla factory may be over

DETROIT — It appears the dispute between Tesla and San Francisco Bay Area authorities over the reopening of a factory in the face of shutdown orders appears to have ended.