National Business

HALIFAX — After a thin $55-million surplus tabled in February's budget, COVID-19 costs have driven Nova Scotia's finances deep into the red, resulting in a $853-million deficit.

DETROIT — Even though General Motors was able to reopen its U.S. factories for the last half of the second quarter, the company still lost $806 million from April through June.

TORONTO — Camera store chain Henry's says it has received court approval to restructure after more than a century of operations as it tries to survive in a post-pandemic world.

WASHINGTON — Having endured what was surely a record-shattering slump last quarter, the U.S. economy faces a dim outlook as a resurgent coronavirus intensifies doubts about any sustained recovery the rest of the year.

TORONTO — Two of Canada's provincial privacy officers say that they're still unable to release a full report about last year's security breach at LifeLabs because the company has gone to court to stop them.

Boeing lost $2.4 billion in the second quarter and the company will slow production and cut more jobs as demand for commercial aircraft shrinks during the coronavirus pandemic.

GENEVA — World Trade Organization members on Wednesday created a dispute panel to rule on a complaint by South Korea against Japan over restrictions on exports to Korea of products used in semiconductors, mobile phone displays and television displays

CALGARY — The Petroleum Services Association of Canada is cutting its 2020 Canadian drilling forecast for a third time as the industry remains mired in a slump expected to extend well into the second half of the year.

Canadians may have clamoured to snatch up cannabis products as COVID-19 ravaged the country, but the demand was not enough to keep Aphria Inc. from incurring a multimillion-dollar loss and impairment charge. The Leamington, Ont.

CALGARY — The main export system for Western Canada's oil production is recovering after volumes fell by less than feared amid the COVID-19 economic slowdown in the second quarter, pipeline company Enbridge Inc. reported Wednesday.