National Business

Dollarama Inc. experienced a drop in profit during its most recent quarter, but still topped the expectations of analysts who believed the pandemic would weigh more on the company's bottom line.

CALGARY — Lowe's Canada says work will start this month on a new distribution centre located northeast of Calgary designed to improve its in-store and online operations in Western Canada.

PARIS — The virus crisis has triggered the worst global recession in nearly a century -- and the pain is not over yet even if there is no second wave of infections, an international economic report warned Wednesday.

WASHINGTON — U.S. consumer prices dropped in May for the third straight month as the coronavirus pandemic pushed the American economy into a recession. The Labor Department said Wednesday that its consumer price index fell 0.

WASHINGTON — U.S. consumer spending plunged by a record-shattering 13.6% in April as the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy into a deep recession.

LOS ANGELES — After 33 seasons on the air, “Cops” has been dropped by the Paramount Network as protests against police proliferate around the world.

NEW YORK — After three months of near total blackout of cinemas nationwide, movie theatres are preparing to reopen — even if it means only a few titles on the marquee and showings limited to as little as 25% capacity.

TORONTO — Child-care centres in Ontario will be allowed to reopen Friday with a long list of restrictions in place, including on the number of people per room, extra cleaning and COVID-19 screening measures.

IBM is getting out of the facial recognition business, saying it's concerned about how the technology can be used for mass surveillance and racial profiling.

BALTIMORE — U.S. employers laid off 7.7 million workers in April — a sign of just how deep the economic hole is after the closure of thousands of offices, restaurants, stores and schools during the pandemic.