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Bombardier sees Q1 earnings plummet after pandemic shutters factories
MONTREAL — Bombardier Inc. took a major earnings hit last quarter — with more losses to come — as fallout from the COVID-19 pandemic blocked aircraft deliveries and shut down operations across dozens of plants.
May 7, 2020 3:08 PM
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Pandemic cuts into Bausch Health sales as company posts US$152-million loss
MONTREAL — Shares of Bausch Health Companies Inc. fell more than eight per cent as the company lowered its 2020 forecast after a loss in in the first quarter due to the COVID-19 pandemic.
May 7, 2020 3:04 PM
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Shopping Shift: How indoor malls will look different under new COVID-19 measures
TORONTO — Consumers should get ready for a new world of retail as indoor shopping mall operators across the country prepare to reopen their doors with an abundance of COVID-19 precautions in the coming weeks.
May 7, 2020 3:04 PM
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Ex-Syncrude partner Murphy Oil closing Calgary office to cut costs
CALGARY — American oil and gas producer Murphy Oil Corp. says it is shutting its Calgary office as part of a plan to cut costs as oil prices remain at low ebb.
May 7, 2020 2:40 PM
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P.E.I. government announces numerous COVID-19 assistance programs
CHARLOTTETOWN — The Prince Edward Island government has announced a number of programs to assist people affected by the COVID-19 pandemic.
May 7, 2020 2:30 PM
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US consumer borrowing fell for first time since 2011
WASHINGTON — U.S. consumer borrowing fell in March for the first time in more than eight years, with the category covering credit cards dropping by the largest amount in over three decades, the Federal Reserve reported Thursday.
May 7, 2020 2:18 PM
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Inter Pipeline warns of higher costs, delays for Alberta petrochemical project
CALGARY — Inter Pipeline Ltd. is warning that the cost of building its Heartland Petrochemical Complex has risen by about half a billion dollars and its in-service date may be delayed due to factors including the impact of the COVID-19 pandemic.
May 7, 2020 1:42 PM
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Need to think longer-term on debts, finances as downturn set to linger: experts
TORONTO — The initial economic shock from the COVID-19 outbreak may start to ease as provinces reopen, but experts say it's important for those struggling with debt to think about the longer haul since there's still little clarity as to how long the
May 7, 2020 1:35 PM
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CN Rail moves record 2.81 million tonnes of grain for April, slightly ahead of CP
MONTREAL — Canadian National Railway Co. moved a record 2.81 million tonnes of grain for April, slightly ahead of CP Rail's record volume for the month. The country's largest railway says the movement included 2.
May 7, 2020 1:34 PM
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Sidewalk Labs pulls out of Toronto waterfront smart city project
TORONTO — An ambitious plan for a high-tech neighbourhood on Toronto's waterfront has been shelved after Google affiliate Sidewalk Labs walked away from the project, citing "unprecedented economic uncertainty.
May 7, 2020 1:19 PM
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