TSX signs deal with Colombian stock market operator to share information

TORONTO — The Toronto Stock Exchange (TSX:X) and TSX Venture Exchange have signed a deal with Colombian stock market operator Bolsa de Valores de Colombia to share information and make it easier for the dual listing of companies.The exchanges said Thursday they will also help each other understand the process and rules for listing and trading securities in each other’s jurisdiction and explore and develop joint marketing opportunities.As of April 30, there are five dual listings between Toronto Stock Exchange and Bolsa de Valores de Colombia.There are 19 companies listed on Toronto Stock Exchange and 43 companies listed on TSX Venture Exchange with operations in Colombia.A Canada-Colombia Free Trade Agreement was signed in 2010 and came into force last August.The Canadian Press

Foodora union vote ends today but fate could rest on if couriers

TORONTO — Foodora couriers in Toronto will end voting later today on union certification to create Canada’s first unionized workforce in the gig economy.The company, which operates the food delivery service in seven Canadian cities, has objected to a Canadian Union of Postal Workers’ application for certification under a section of the Ontario Labour Relations Act.The union filed its application last week with the Ontario Labour Relations Board, months after a campaign was launched that addressed working conditions.Foodora objected to the board because it contends the couriers are independent contractors rather than employees.A determination of this key point of disagreement could be required before there is any consideration of the vote that started last week.The union says couriers intend to negotiate a better compensation model, as well as health and safety protections for when workers are injured and recognition of basic workers’ rights.Foodora’s workers are paid $4.50 per order plus $1 per kilometre between the restaurant and delivery address, while restaurants pay the company up to about 30 per cent of the order total.The postal workers union says it filed an unfair labour practice complaint with the labour board over what it claims are Foodora Canada’s spreading of misinformation to scare couriers to vote against certification.It says Foodora has attacked the union drive by threatening the income of couriers through emails and directly messaging them on the app.Foodora spokeswoman Sadie Weinstein says the company has and will continue to act in “good faith” and in accordance with Ontario’s labour laws.The Canadian Press read more