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National Business

Commercial landlords offering rent deferrals as economy hit by pandemic

Commercial landlords offering rent deferrals as economy hit by pandemic

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.
Most actively traded companies on the TSX

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (13,592.70, up 654.40 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Up 1.5 cents, or 3.7 per cent, to 42 cents on 19.
North American stock markets rise on hope of slowing growth of virus

North American stock markets rise on hope of slowing growth of virus

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.
Breakdown of co-op grocery partnership sparks layoffs and lawsuits

Breakdown of co-op grocery partnership sparks layoffs and lawsuits

CALGARY — When a relationship breaks down after more than 60 years of mutual benefit, feelings are bound to get hurt.
Travellers, travel agents 'in agony' over refund policies and customer service

Travellers, travel agents 'in agony' over refund policies and customer service

Natalie Rahey and Blair Skrupski were supposed to be standing under a wedding canopy in three weeks, hand in hand on a Caribbean beach surrounded by friends and family.
Postmedia delays Q2 report to late May because of uncertainty caused by COVID

Postmedia delays Q2 report to late May because of uncertainty caused by COVID

TORONTO — Postmedia Network Canada Corp. will delay the release of its next quarterly report by as much as six weeks as a result of relaxed filing rules that have been put in place by securities regulators because of the COVID-19 pandemic.
Trican Well Service cuts jobs, salaries as low oil prices stall drilling plans

Trican Well Service cuts jobs, salaries as low oil prices stall drilling plans

CALGARY — Trican Well Service Ltd. says it has cut its employee costs by half through salary reductions, layoffs and job sharing in reaction to a severe slowdown in drilling activity due to low oil prices.
Winnipeg Free Press begins2 weeks of pay reductions for union, management

Winnipeg Free Press begins2 weeks of pay reductions for union, management

WINNIPEG — Unionized workers of the Winnipeg Free Press have accepted a temporary' wage cut requested by the newspaper's publisher, who said last week the newspaper needs flexibility to survive a collapse in advertising revenue since the COVID-19 cri
CAE temporarily laying off 2,600, cutting salaries, suspending dividend

CAE temporarily laying off 2,600, cutting salaries, suspending dividend

MONTREAL — CAE Inc. is temporarily laying off about a quarter of its staff, cutting salaries and suspending its dividend and share repurchase plan in response to the COVID-19 pandemic.
Chorus Aviation suspends dividends, lays off staff and cuts executive salaries

Chorus Aviation suspends dividends, lays off staff and cuts executive salaries

HALIFAX — Chorus Aviation Inc. is suspending its dividend, temporarily laying off staff and cutting executive salaries as it deals with the fallout from COVID-19.