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OPEC calls for big production cut, but will Russia agree?
VIENNA — The OPEC oil cartel is calling for a deep production cut to keep crude prices from falling further as disruption to global business from the coronavirus slashes demand from air travel and industry.
Mar 5, 2020 10:34 AM
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Critics of Oprah book club title put new novel on trial
TUCSON, Ariz. — When Oprah Winfrey chose the novel “American Dirt” for her book club, she imagined engaging in an impassioned television dialog about the narrative, which follows a Mexican mother and her son fleeing to the United States.
Mar 5, 2020 10:03 AM
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Cineplex shares fall after short seller raises concerns about Cineworld deal
TORONTO — Shares of Cineplex Inc. fell more than 10 per cent after a short-seller suggested the company's $2.8-billion deal to be acquired by Cineworld PLC could fall apart or see the price reduced materially.
Mar 5, 2020 8:27 AM
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Canadian start-ups, following U.S. lead, look to modernize auto, mortgage sales
TORONTO — A pair of Canadian startups are looking to help make it easier to buy homes and cars using technology by speeding the mortgage approval process and by making finding and buying a new ride faster.
Mar 5, 2020 8:00 AM
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Virus impacting Hawaii economy through events, tourism
HONOLULU — A spate of cancelled events and falling visitor numbers from abroad indicate the economic impact Hawaii is experiencing due to the spread of the virus that causes the disease called COVID-19.
Mar 5, 2020 7:53 AM
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US productivity increases at 1.2% rate in fourth quarter
WASHINGTON — U.S. productivity rebounded in the final three months of last year but by a smaller amount than initially reported, while labour costs increased at a slower pace than first thought.
Mar 5, 2020 6:42 AM
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MEG Energy reports $26M Q4 profit, compared with $199M loss a year ago
CALGARY — MEG Energy Corp. reported a profit of $26 million in its latest quarter compared with a loss of $199 million in the same quarter a year earlier. The company says the profit amounted to nine cents per diluted share for the quarter ended Dec.
Mar 5, 2020 6:40 AM
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Asian shares rise following stimulus-led surge on Wall St
TOKYO — Asian shares rose Thursday, taking their cue from a surge on Wall Street as governments and central banks took more aggressive measures to fight the virus outbreak and its economic impact. Japan's benchmark Nikkei 225 rose 0.8% to 21,262.49.
Mar 4, 2020 9:40 PM
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Several banks match Bank of Canada with 50 basis point cut to prime interest rate
TORONTO — Several Canadian banks and financial institutions have dropped their prime lending rate by 50 basis points to 3.45 per cent, effective March 5.
Mar 4, 2020 5:08 PM
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Bombardier investigating reported links to Uighur forced labour in China
Bombardier Inc. says it is concerned about a new report that links it and other companies to the alleged forced labour of Muslim minorities in China.
Mar 4, 2020 4:26 PM
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