BANGKOK - Asian shares were steady in quiet Good Friday trading after Wall Street closed out its best week in 45 years thanks to the Federal Reserve's titanic effort to support the economy through the coronavirus crisis. The price of oil fell back after major oil-producing countries struggle…
Northerners fork out more than their southern Ontario counterparts for basic staples like groceries and gasoline, but cheaper costs for housing and items like recreational fees make life more affordable overall, says a recent economic study.
DUBAI, United Arab Emirates - A deal between OPEC and nations including Russia to boost oil prices involves a 10 million barrels per day cut until July, then an 8 million barrels per day cut through the end of the year, though the cartel said Friday its approval hinges on Mexico's agreement.
CALGARY - Shaw Communications executives said Thursday that the Freedom Mobile service won't meet its 2020 target for growing its subscriber base because the COVID-19 crisis has kept stores closed and customers distracted, but they said the lost revenue will be offset by lower operating cost…
WASHINGTON - The coronavirus pandemic will push the global economy into the deepest recession since the Great Depression, with the world's poorest countries suffering the most, the head of the International Monetary Fund said Thursday.
WASHINGTON - The Federal Reserve unleashed a new series of moves Thursday to try to make loans available to states, localities and companies that have been hard hit by the coronavirus.
TORONTO - Canada's main stock index ended its best week in more than a decade as a massive intervention by the U.S. Federal Reserve offset weak employment numbers on both sides of the border.
TORONTO - Canadian mining firm Alamos Gold Inc. reports that a group of armed robbers intercepted gold dore bars on the runway at its Mulatos mine site in Mexico, then staged a dramatic escape in a separate light aircraft.
VANCOUVER - Forestry company Canfor Corp. is making additional production cuts due to the impact of COVID-19 on the price of lumber and demand.
WestJet Airlines Ltd. says it will bring back nearly 6,400 laid-off employees to the payroll using Ottawa's emergency wage subsidy program as the COVID-19 pandemic continues to crater the airline sector.
THUNDER BAY, Ont. - Premier Gold Mines Ltd. says an offer made in March to buy Centerra Gold Inc.'s 50-per-cent stake in the Greenstone Gold Mines Partnership for US$205 million has not been accepted.
Just as the coronavirus outbreak has boxed in society, it’s also squeezed high-flying tech companies reliant on people’s freedom to move around and get together.
OTTAWA - As part of the steps taken to help deal with the COVID-19 pandemic, Ottawa has pushed back the deadline for Canadians filing their income tax returns, but financial experts say that's no reason to delay filing your return this year.
TORONTO - Canada Goose Holdings Inc. is moving to increase its domestic production of personal protective equipment for health-care workers across Canada.
OTTAWA - A C.D. Howe Institute working group says Canada must invest in robust international relationships, strategic reserves of critical goods such as personal protective equipment and capabilities to help deal with the public health and economic crisis due to COVID-19.
BANGKOK - Shares were mixed in Asia on Thursday after a 3.4% gain on Wall Street overnight as investors chose a positive focus for data about the coronavirus outbreak’s trajectory.
FORT LAUDERDALE, Fla. - When Jose Andres first came to New York City, the wide-eyed sailor in the Spanish navy docked on West 30th Street full of ambition. Decades later, the award-winning chef has an upscale food hall on that very street and will serve 40,000 meals this week across the city…
MONTREAL - Air Canada plans to rehire 16,500 laid-off workers via Ottawa's emergency wage subsidy, though the vast majority will remain at home amid the collapse of global travel triggered by the COVID-19 pandemic.
MONTREAL - Cogeco Inc.'s Quebec-based radio business has temporarily laid off about one-quarter of its employees due to a significant decline in advertising from retailers affected by COVID-19 shutdowns.
TORONTO - North American markets rose Wednesday on the potential for more stimulus spending and optimism around the trajectory of the COVID-19 outbreak.
Calgary energy investor Mac Van Wielingen says there's an opportunity for the oil and gas sector to regain public respect and support when Canada tries to restore its economy after the COVID-19 pandemic ends.
BRUSSELS - European governments remained at loggerheads Wednesday over measures to help the economy weather the coronavirus outbreak, breaking off a meeting of finance officials who clashed over aid conditions and proposals to borrow together to pay for the health crisis.
Some Canadian dairy farmers started dumping milk last week to rid the system of surplus production as demand from restaurants plummeted amid the COVID-19 pandemic that forced eateries across the country to close their doors.
TORONTO - The head of the Royal Bank of Canada is warning the economic recovery from the COVID-19 pandemic will likely be slower and more uneven than originally thought.
TORONTO - COVID-19 will have a more profound impact on the world than the Sept. 11 terrorist attacks on the United States nearly two decades ago, says the chief executive of the Canadian Imperial Bank of Commerce.
The CEO of TC Energy Corp. says the company is fine-tuning its plan to guard against the spread of COVID-19 as it moves ahead with site preparation for the US$8-billion Keystone XL Pipeline project.
MISSISSAUGA, Ont. - Maple Leaf Foods Inc. is suspending operations in its poultry plant in Brampton, Ont., after three employees at the facility tested positive for COVID-19.
The president of Canadian Natural Resources Ltd. says he supports the idea of Canada taking part in an international agreement to reduce production to support global oil prices.
VANCOUVER - Vancity is temporarily cutting credit card interest rates to zero and deferring minimum payments for those facing financial difficulty as a result of COVID-19.
TORONTO - The Stars Group Inc. says two influential proxy advisory firms have recommended that shareholders back its deal to be acquired by Flutter Entertainment.
New York City’s death toll from the coronavirus rose past 4,000 on Tuesday, eclipsing the number killed at the World Trade Center on 9-11. In Britain, Prime Minister Boris Johnson lay in intensive care, believed to be the first major world leader hospitalized with the virus.
TORONTO - Ontario will allow cannabis delivery and curbside pick up from authorized retail stores during the COVID-19 pandemic after they were taken off the essential businesses list.
MONTREAL - Former SNC-Lavalin Group Inc. CEO Neil Bruce earned a full $7 million in 2019, though his tenure came to an end less than halfway through the year.
TORONTO - BlackBerry Ltd. says its researchers have uncovered how China-backed hackers have been able to extract data from many of the world's servers for a decade — largely without being noticed by cyber security.
TORONTO - Canada's main stock index inched higher on Tuesday while U.S. markets dipped after strong rallies since last month's lows.
HALIFAX - Nova Scotia-based undergarment manufacturer Stanfield's Ltd., has secured two contracts worth over $28 million to supply the federal and Nova Scotia governments with hundreds of thousands of protective gowns for front-line health-care workers in the fight against COVID-19.
Patience in Alberta is wearing thin for a promised aid package from the federal government for the oil and gas sector, Alberta Energy Minister Sonya Savage said Tuesday.
Uncertainty is everywhere in the financial world these days as the COVID-19 pandemic spreads, and that's translating into big swings in mortgage rates and challenges in how to navigate borrowing for a home.
TORONTO - When the impact of COVID-19 led Hongwei Liu to temporarily lay off some employees and slash company forecasts, the founder of Waterloo, Ont.-based technology startup MappedIn hoped he might qualify for a helping hand under the federal government's emergency wage subsidy.
FRANKFURT - The European Central Bank took more emergency action Tuesday to keep credit flowing to companies in the 19 countries that use the euro by easing its rules for lending to banks that serve those businesses.
TORONTO - The federal government needs to move quickly to support the Canadian news industry amid the economic downturn brought about by the response to the COVID-19 pandemic, an industry spokesman said Monday.
TORONTO - Major commercial landlords in Canada are offering rent deferrals to tenants as the COVID-19 pandemic has forced many businesses to close their stores.
TORONTO - North American stock markets surged to start the trading week on hopes of slowing growth of COVID-19 in parts of Europe and New York.