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National Business

Clarification to May 6 Money Monitor story on lumber costs for home renovation

In a May 6 Money Monitor about home renovations amid high lumber costs, The Canadian Press used the description "fibreglass-based panels" in the 13th paragraph. A more specific description of the OSB alternative is "fibreglass-faced gypsum panels.
Cenovus Energy reports $220M first-quarter profit compared with a loss a year ago

Cenovus Energy reports $220M first-quarter profit compared with a loss a year ago

CALGARY — The CEO of Cenovus Energy Inc. says more than half of the job cuts from its takeover of rival Husky Energy Inc.
Air Canada calls on Ottawa to lift hotel quarantine as it prepares for recovery

Air Canada calls on Ottawa to lift hotel quarantine as it prepares for recovery

Air Canada called on Ottawa to ease travel restrictions as the airline, which reported a first-quarter loss of $1.3 billion, plans for its post pandemic recovery. "The current mandatory hotel quarantine for arrivals has proven ineffective.
Amazon Prime Day postponed in Canada amid COVID-19 outbreaks at warehouses

Amazon Prime Day postponed in Canada amid COVID-19 outbreaks at warehouses

Amazon's annual Prime Day marketing event in Canada has been put on hold this year amid ongoing COVID-19 outbreaks at its facilities in Ontario's Peel Region.

China propels BMW to strong profits, Germany lags

FRANKFURT — Booming sales in China helped propel German luxury carmaker BMW to stronger profits in the first three months of the year even as its home market Germany trailed the ongoing recovery in global car markets from the worst of the pandemic sh
Enbridge CEO warns of 'bad things' for shippers, consumers if Line 5 shut down

Enbridge CEO warns of 'bad things' for shippers, consumers if Line 5 shut down

CALGARY — The CEO of Enbridge Inc. says "bad things" will happen if Michigan Gov. Gretchen Whitmer succeeds in carrying out her order to shut down its Line 5 pipeline through the Great Lakes region next week.
Hydro One reports $268M first-quarter profit, up from $225M a year ago

Hydro One reports $268M first-quarter profit, up from $225M a year ago

TORONTO — Hydro One Ltd. reported its first-quarter profit rose compared with a year ago helped by higher rates and increased demand due to colder weather.
Dorel reports US$2.7M Q1 profit, revenue soars 20% from year ago

Dorel reports US$2.7M Q1 profit, revenue soars 20% from year ago

MONTREAL — Dorel Industries Inc. reported a first-quarter profit of US$2.7 million as its revenue rose more than 20 per cent compared with a year ago. The Montreal-based company, which keeps its books in U.S.

National employment numbers for April from Statistics Canada, at a glance

OTTAWA — A quick look at Canada's April employment (numbers from the previous month in brackets): Unemployment rate: 8.1 per cent (7.5) Employment rate: 59.6 per cent (60.3) Participation rate: 64.9 per cent (65.

Here's a quick glance at unemployment rates for April, by Canadian city

OTTAWA — The national unemployment rate was 8.1 per cent in April. Statistics Canada also released seasonally adjusted, three-month moving average unemployment rates for major cities.