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'Historic day' as oil futures turn negative; TSX rises slightly

'Historic day' as oil futures turn negative; TSX rises slightly

TORONTO — Canada's main stock index rose slightly to start the week even as oil future contracts plummeted on oversupply pressure. "This is a historic day.
Produce cleaner repurposed to sanitize N95 masks and help fight against COVID-19

Produce cleaner repurposed to sanitize N95 masks and help fight against COVID-19

Mark VanderVeen and his team at Clean Works were determined to work at all hours, even over Easter weekend, to get their sanitization equipment out to front-line workers.
Negative oil price plunge a short-term anomaly with limited impact: analysts

Negative oil price plunge a short-term anomaly with limited impact: analysts

CALGARY — A Calgary energy analyst says the plunge by benchmark U.S. crude oil prices into negative territory for the first time on Monday is a short-term anomaly that likely won't have a lasting effect on Canadian producers.

Demand will fuel B.C. real estate in 2021 after COVID recession: report

VANCOUVER — A report from the B.C. Real Estate Association says the 2020 COVID-driven recession will be deep, although it could be shorter than other Canadian economic downturns.

AMD Medicom to open mask factory in Montreal, will create 33 permanent jobs

MONTREAL — AMD Medicom Inc. says it will open a new Canadian mask manufacturing facility near its Montreal head office by July. The move is expected to create at least 33 permanent jobs.
E-commerce giants offer cash advances, waive fees and more amid COVID-19

E-commerce giants offer cash advances, waive fees and more amid COVID-19

Canadian businesses struggling amid the COVID-19 pandemic are getting some relief from the e-commerce platforms they use to sell their goods and services. E-commerce companies including Shopify Inc., Amazon.com Inc.
Husky cuts production by 80,000 bpd, taking Canadian total to 365,000 bpd so far

Husky cuts production by 80,000 bpd, taking Canadian total to 365,000 bpd so far

CALGARY — A move by Husky Energy Inc. to halt production of 80,000 barrels per day takes the total reduction in Canadian crude output to about 365,000 bpd since the onset of measures to deal with the COVID-19 pandemic, an analyst says.
CAE signs deal with Ottawa to manufacture 10,000 ventilators, recalls employees

CAE signs deal with Ottawa to manufacture 10,000 ventilators, recalls employees

MONTREAL — CAE says it has signed a contract to manufacture and supply 10,000 ventilators for the Canadian government. Financial terms of the agreement were not immediately available.
Alimentation Couche-Tard Inc. drops takeover pursuit of Caltex Australia Ltd.

Alimentation Couche-Tard Inc. drops takeover pursuit of Caltex Australia Ltd.

LAVAL, Que. — Alimentation Couche-Tard Inc. is dropping its pursuit of Caltex Australia Ltd. due to the COVID-19 crisis. The company had been working on a revised takeover bid after an earlier offer was rebuffed.
Wholesale sales up 0.7 per cent in February despite rail blockades and COVID-19

Wholesale sales up 0.7 per cent in February despite rail blockades and COVID-19

OTTAWA — Statistics Canada reports wholesale sales rose 0.7 per cent to $67.5 billion in February, even as sales were hurt by rail blockades and the early effects of COVID-19. Economists had expected a decline of 0.