Skip to content
Join our Newsletter

National Business

Retail tenants hopeful over federal relief plan, but landlords reluctant to join

Retail tenants hopeful over federal relief plan, but landlords reluctant to join

Bill Pratt hasn't paid some $70,000 in rent for his restaurants in Atlantic Canada since April after having to shutter operations due to the COVID-19 pandemic and experiencing a "critical" sales drop.
Top doctor urges 'pause' over long weekend before businesses reopen Tuesday

Top doctor urges 'pause' over long weekend before businesses reopen Tuesday

VICTORIA — British Columbia's top doctor is urging residents to stay close to home over the long weekend in order to mitigate transmission of COVID-19 before some businesses reopen on Tuesday. Provincial health officer Dr.
Canada's 'inevitable' second wave of COVID-19 cases

Canada's 'inevitable' second wave of COVID-19 cases

TORONTO — No one knows when a fresh surge of COVID-19 cases will emerge in Canada, but experts agree numbers are poised to rise and could very well explode in surveillance blindspots.
Air Canada to lay off 20,000 workers amid travel industry collapse

Air Canada to lay off 20,000 workers amid travel industry collapse

MONTREAL — Air Canada will lay off more than half of its 38,000 employees next month as it grapples with the fallout from the COVID-19 pandemic.
Pandemic claims another retailer: 118-year-old J.C. Penney

Pandemic claims another retailer: 118-year-old J.C. Penney

NEW YORK — The coronavirus pandemic has pushed the storied but troubled department store chain J.C. Penney into Chapter 11 bankruptcy. It is the fourth major retailer to meet that fate.
Most US states fall short of recommended testing levels

Most US states fall short of recommended testing levels

WASHINGTON — As businesses reopened Friday in more of the U.S.
Fed sees Wall Street stress if virus takes 'unexpected' turn

Fed sees Wall Street stress if virus takes 'unexpected' turn

WASHINGTON — The Federal Reserve said Friday that Wall Street remains vulnerable to another shock if the global pandemic takes an “unexpected course” putting renewed strains on the economy and the country's financial system.
Most actively traded companies on the TSX

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (14,638.90 , up 129.24 points.) Aurora Cannabis Inc. (TSX:ACB). Health care. Up $6.15, or 66.85 per cent, to $15.35 on 18 million shares.
Pandemic market disruptions shake more than $1 billion in losses from Onex Corp.

Pandemic market disruptions shake more than $1 billion in losses from Onex Corp.

TORONTO — Onex Corp. swung to a more than $1 billion loss in the first quarter as a result of market volatility and economic disruption from the COVID-19 outbreak. The investment management firm, which reports in U.S.
Toronto stock index ends down week on brighter note as commodities gain

Toronto stock index ends down week on brighter note as commodities gain

TORONTO — Canada's main stock index climbed higher to end a week constrained by concerns about sabre-rattling from the U.S. against China and more weak economic data. The S&P/TSX composite index closed up 129.24 points at 14,638.