Top Business Headlines
 

July 5, 2020

 
 
Top news
 
Biotech blind spot: How Canada’s big investors missed the boom happening right now
 

Alana Paterson/The Globe and Mail

  Biotech blind spot: How Canada’s big investors missed the boom happening right now
 

Sean Silcoff

 
Technology Reporter
Lloyd Segal made history two weeks ago, leading the biggest initial public offering ever by a Canadian biotechnology startup. His Montreal-based cancer drug developer, Repare Therapeutics, raised US$253-million and during its first day of trading on the Nasdaq the stock soared by more than 50 per cent, giving the company a valuation of more than US$1-billion.

 
“I think it’s a watershed, Canada is clearly now in the race,” the chief executive, who previously ran three Canadian biotech companies, told The Globe and Mail this week. But, Mr. Segal added: “It wasn’t even the biggest IPO for a biotech company on the Nasdaq that week.” Both Boston-area-based Forma Therapeutics Holdings. Inc. and China’s Genetron Holdings Ltd had raised more.

 
 
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Editor's picks
 
Shopify soars above RBC in market value as founder catapults toward richest Canadian
 

Shalan and Paul/The Globe and Mail

  Shopify soars above RBC in market value as founder catapults toward richest Canadian
 

David Milstead

 
Institutional Investment Reporter
 
Full Story
 
Construction launch is just part of the push to finally get Keystone XL built
 

The Associated Press

Construction launch is just part of the push to finally get Keystone XL built
 

Emma Graney

 
Energy reporter
 
Full Story
 
Vancouver home sales soar as city shrugs off coronavirus downturn
 

The Canadian Press

  Vancouver home sales soar as city shrugs off coronavirus downturn
 

Rachelle Younglai

 
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Latest posted news
 
Record debts come due for Canadian oil patch after five years of crisis
 
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Trump approves five-week extension for small business pandemic loan applications
 
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Warren Buffett’s Berkshire to buy Dominion Energy gas assets for $4-billion
 
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Opinion
 
It’s time to brush up on your soft skills in the age of remote working
 

Jared Lindzon

Any remaining doubts about the value of soft skills were likely abandoned in recent months as the pandemic forced the country to dramatically change its work practices overnight.

 
As companies began adjusting to the new normal, their staff were often challenged to demonstrate soft skills like resilience, empathy and agility while completely overhauling their communication, collaboration and other standard work habits.

 
In recent years, many Canadian employers have increased their emphasis on these soft skills, often citing the potential for disruption and uncertainty. Those efforts have been largely validated by the recent coronavirus outbreak.

 
 
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Energy and resources
 
  Angola resisting OPEC pressure to fully comply with oil supply cuts: sources
 
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financial services
 
  Auto insurers boost relief offerings amid backlash
 
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Inside the Market
 
  Top Canadian biotech investor on the firms most likely to turn COVID-19 drug trials into treatments and when a vaccine may arrive
 
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Economy
 
Canadian dollar, sticking to a range, clings to weekly gain
 
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Technology, telecom and media
 
Google-backed ad associations criticize Apple’s new user warnings on data tracking
 
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International business
 
France won’t ban Huawei, but encouraging 5G telcos to avoid it - report
 
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Small business
 
  Report on Small Business Newsletter: Ottawa extends small-business rent-relief program for another month
 
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Careers
 
  Will I still be eligible to claim CERB if I’m terminated?
 
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In case you missed it
 
High debt holds back dividend payers amid rebound
 

Mark Lennihan/The Associated Press

  High debt holds back dividend payers amid rebound
 

Tim Shufelt

 
Investment Reporter
 
Full Story
 
 
Politics Briefing Newsletter
 
Stay informed about Canadian politics with Chris Hannay's Politics Briefing newsletter. For subscribers.
 
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