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Major U.S. airlines to require passengers to wear masks, though start dates vary

Fri, 05/01/2020 - 10:17

Southwest Airlines and Alaska Airlines rolled out requirements for passengers and staff to wear masks when travelling, following similar edicts earlier this week from American Airlines, Delta Air Lines, United Airlines and JetBlue Airways.

It's official — Canada's economy is in a recession, C.D. Howe says

Fri, 05/01/2020 - 08:25

Canada has officially entered a recession due to the economic devastation caused by the COVID-19 pandemic, the C.D. Howe Institute's Business Cycle Council declared Friday.

How Alberta could give old oil wells new life — but it has nothing to do with crude

Fri, 05/01/2020 - 01:00

As Alberta moves ahead with plans for cleaning up dormant wells, there are calls to also fund plans to transform such sites into geothermal, solar or hydrogen projects.

Tiff Macklem to lead the Bank of Canada

Thu, 04/30/2020 - 21:09

Finance Minister Bill Morneau is poised to announce the next governor of the Bank of Canada, changing the leadership of the country's central bank as it navigates the uncertainty of a pandemic-driven recession.

Anxiety rises for tenants and landlords as May rent comes due

Thu, 04/30/2020 - 11:51

Uncertainty is growing around how many Canadian tenants will decide not to pay all or part of their monthly rent on May 1 because their finances have been hit by job losses and business closures as a result of the pandemic.

Shell cuts dividend for first time since Second World War

Thu, 04/30/2020 - 09:17

Royal Dutch Shell cut its dividend for the first time since the Second World War on Thursday, in a drastic step to preserve cash as it prepares for a protracted slump in demand for oil because of the coronavirus pandemic.

Canada's economy was slowing down even before COVID-19 hit, February GDP numbers suggest

Thu, 04/30/2020 - 07:14

Canada's economy was slowing down even before the COVID-19 pandemic hit, new data from Statistics Canada suggests.

What's worse than losing billions of dollars in the oilpatch? Not knowing when it will stop

Thu, 04/30/2020 - 01:00

Financial results in the oilpatch were expected to be grim, yet the figures announced so far this week are still alarming, as the bloodletting of company balance sheets begins.

Turmoil, with a side of anxiety. Restaurants face uncertain future amid COVID-19

Thu, 04/30/2020 - 01:00

Many Canadian restaurant owners have been either forced out of business or continue to struggle to make ends meet due to the coronavirus pandemic. And it has some predicting an immediate future that's bleak but also raising questions about how the industry may have to change.

Irving Oil wants more Canadian crude for its Atlantic operations

Wed, 04/29/2020 - 18:49

Company eyes foreign tankers for delivery of domestic oil, including shipments from B.C. through the Panama Canal.

Planet of the Humans movie draws outrage as it calls for economic slowdown: Don Pittis

Wed, 04/29/2020 - 15:46

The Michael Moore-backed documentary Planet of the Humans has drawn outraged criticism, not from the anti-environmental crowd, many of whom seem to quite like it, but from committed environmentalists.

Coronavirus savages U.S. economy in first quarter as Federal Reserve readies announcement

Wed, 04/29/2020 - 09:00

The Federal Reserve, which has pumped trillions in emergency funding into U.S. financial markets to stem the damage from the coronavirus pandemic, is expected on Wednesday to reiterate its promise to do whatever it takes to support the world's largest economy.

More than 50% of Canadian companies have lost at least one-fifth of their revenue to COVID-19, StatsCan says

Wed, 04/29/2020 - 07:36

More than half of the companies in Canada have lost at least 20 per cent of their revenue because of the COVID-19 pandemic, new numbers from Statistics Canada and the Canadian Chamber of Commerce suggest.

Canadian energy companies Cenovus and Husky swing to huge losses amid oil price collapse

Wed, 04/29/2020 - 05:38

Canadian energy companies Cenovus and Husky post huge quarterly losses, hit by the doubly whammy of a significant drop in demand for crude oil caused by the coronavirus outbreak and a price war between Saudi Arabia and Russia.

McDonald's Canada begins importing beef from U.S. amid Canadian supply issues

Wed, 04/29/2020 - 05:30

McDonald's Canada says it will start importing beef as Canada's beef supply chain struggles to meet current demand amid COVID-19.

British Airways expects to cut more than a quarter of its jobs

Wed, 04/29/2020 - 05:08

British Airways plans to cut more than a quarter of its jobs because of the coronavirus crisis, parent company IAG said on Tuesday, forecasting that passenger numbers will take years to recover. Meanwhile, Boeing and Airbus reported expected losses on Wednesday and outlined some of their future plans amid the pandemic.

Don't come from away: N.L. calls out iceberg tourists as locals fear COVID-19

Wed, 04/29/2020 - 02:30

Although provincial borders are closed to non-essential travel across Canada, tourists are making their way to the Bonavista area — so the provincial government is tightening controls.

'That's not much of a discount': Why some auto insurers still aren't cutting rates for all during pandemic

Wed, 04/29/2020 - 01:00

Some drivers are questioning why they aren't seeing a significant reduction in insurance rates given the lockdown's eerily empty roads, especially in light of the insurance industry promising rebates and relief in the order of hundreds of millions of dollars.

Cuts at Calgary-based Calfrac deepen as oilpatch activity dries up

Tue, 04/28/2020 - 12:04

One of Canada's largest oil and gas well completion companies is laying off 70 per cent of its North American field personnel as oilpatch activity slows dramatically.

Amazon safety practices, firing of protest leader draw attention from N.Y. attorney general

Tue, 04/28/2020 - 05:20

Amazon.com Inc., may have violated safety measures and labour practices amid the coronavirus pandemic as it fired a warehouse protest leader last month, New York Attorney General Letitia James's office wrote in a letter to the company last week.

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