Skip to content

National Business

Wall Street pushes higher, led by surging health care stocks

Wall Street pushes higher, led by surging health care stocks

NEW YORK — U.S. stocks are pushing higher Monday, led by big gains for health care companies announcing developments that could aid in the coronavirus outbreak.
North American stock markets trade higher at late-mornings, loonie down

North American stock markets trade higher at late-mornings, loonie down

TORONTO — Canada's main stock index posted a triple-digit advance as the key industrials and materials sectors moved higher in late-morning trading, while U.S. stocks also moved higher. The S&P/TSX composite index was up 126.54 points at 12,814.
Freshii delays financial results, cuts head office staff to reduce costs

Freshii delays financial results, cuts head office staff to reduce costs

TORONTO — Freshii Inc. is delaying the filing of its latest financial results as it deals with the COVID-19 pandemic and its impact on its restaurants and franchise partners.
Spain passes China in infections; Trump extends US lockdown

Spain passes China in infections; Trump extends US lockdown

MADRID — In an abrupt turnaround, President Donald Trump extended lockdown measures across the United States as deaths in New York from the new coronavirus passed 1,000.

Palliser Furniture temporarily laying off workers, closing Winnipeg facility

WINNIPEG — Palliser Furniture Ltd. is temporarily laying off 72 per cent of its workforce as it closes its Winnipeg facility for two weeks and looks to do the same at its Mexican facilities in the coming weeks.
Parkland Fuel drains$300M from budget to deal with COVID-19 demand impact

Parkland Fuel drains$300M from budget to deal with COVID-19 demand impact

CALGARY — Parkland Fuel Corp. is cutting its 2020 capital spending budget by 52 per cent and trimming executive salaries in response to the uncertain economic impact of the novel coronavirus.
Airline analysts unfazed by competition watchdog's warning about Air Canada deal

Airline analysts unfazed by competition watchdog's warning about Air Canada deal

MONTREAL — Analysts say the Competition Bureau's warning about Air Canada's proposed takeover of Transat AT Inc., which owns Air Transat, should be taken in context.
Inter Pipeline cuts dividend and exec pay, suspends sale of bulk liquids storage

Inter Pipeline cuts dividend and exec pay, suspends sale of bulk liquids storage

CALGARY — Inter Pipeline Ltd. is reducing its dividend by more than 70 per cent and suspending its dividend reinvestment plan as it deals with the drop in energy prices and the COVID-19 pandemic.
City at centre of China's virus outbreak gradually revives

City at centre of China's virus outbreak gradually revives

WUHAN, China — Shopkeepers in the city at the centre of China's virus outbreak were reopening Monday but customers were scarce after authorities lifted more of the anti-virus controls that kept tens of millions of people at home for two months.
Offer made to Centerra Gold for its stake in Ontario gold project

Offer made to Centerra Gold for its stake in Ontario gold project

THUNDER BAY, Ont. — Premier Gold Mines Ltd. says an offer has been made to acquire Centerra Gold Inc.'s 50 per cent stake in the Greenstone Gold Mines Partnership in a deal it says it worth US$205 million.