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National Business
National Business
Retail sales on pace to recover after 18.7 per cent surge in May, says StatCan
Retail sales are on pace to recover from the COVID-19 shutdowns after surging nearly 19 per cent in May with even larger gains expected in June, says Statistics Canada. The agency says retail sales increased to $41.
Jul 21, 2020 11:33 AM
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Hibernia offshore oil production halted after apparent spill of drilling fluids
ST. JOHN'S, N.L. — Production at the Hibernia offshore production platform 315 kilometres east of St. John’s, N.L., has been halted after an apparent spill of drilling and production fluids.
Jul 21, 2020 11:10 AM
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With stadiums, theatres closed, Coke 2Q revenue plunges 28%
Coca-Cola's revenue plunged 28% in the second quarter, but the company thinks the worst could be behind it. Coke Chairman and CEO James Quincey said sales improved sequentially in May, June and July despite surging cases in key markets like the U.S.
Jul 21, 2020 10:58 AM
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US moves one step closer to letting the Boeing 737 Max fly
Federal safety regulators are moving closer to letting the grounded Boeing 737 Max fly again with changes that Boeing made to the plane after two deadly crashes.
Jul 21, 2020 10:57 AM
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PrairieSky Royalty reports lower second-quarter crude oil production
CALGARY — Oil production is beginning to recover after it was curtailed by an average of 30 per cent in the second quarter due to low crude prices, PrairieSky Royalty Ltd. said Tuesday.
Jul 21, 2020 10:52 AM
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Niagara region housing prices climb as buyers leave Toronto in search of space
Prices of newly built homes climbed higher in June as Toronto-area home-buyers fled the city in favour of wine country.
Jul 21, 2020 10:38 AM
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Iamgold to proceed with $1.3 billion Cote Gold mine in northern Ontario
TORONTO — Iamgold Corp. says it is going ahead with its US$1.3-billion Cote Gold mine in northern Ontario as world gold prices reached nine-year highs over US$1,830 per ounce.
Jul 21, 2020 10:06 AM
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Torstar shareholders approve takeover by NordStar despite last-minute rival bid
TORONTO — The $60-million acquisition of the Torstar Corp. newspaper group by NordStar Capital LP was approved by shareholders Tuesday, despite a rival group's last-minute offer to increase its cash bid.
Jul 21, 2020 9:57 AM
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EU agrees on $2.1 trillion deal after marathon summit
BRUSSELS — After four days and nights of wrangling, exhausted European Union leaders finally clinched a deal on an unprecedented 1.8 trillion-euro ($2.
Jul 21, 2020 12:32 AM
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'Men's rights' lawyer eyed in shooting of NJ judge's family
A self-described “anti-feminist” lawyer found dead in the Catskills of an apparent self-inflicted gunshot wound is the prime suspect in the shooting of a federal judge's family in New Jersey, the FBI said Monday.
Jul 20, 2020 5:10 PM
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