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Updated: 2 hours 33 min ago

Canadian oil companies start revealing their profit numbers — and they won't be pretty

Tue, 04/28/2020 - 01:00

Oil producers, pipeline shippers, and refineries are all struggling as there's too much oil coming out of the ground, with not nearly enough demand or places to store it.

Food delivery service Foodora to close down in Canada on May 11, citing strong competition

Mon, 04/27/2020 - 12:05

Food delivery service Foodora says it will no longer do business in Canada as of May 11.

Porter Airlines extends flight shutdown to June 29

Mon, 04/27/2020 - 09:44

Toronto-based Porter Airlines is extending the grounding of all of its flights by about another month, to June 29.

Oil price dips to $12 US a barrel as oversupply problem persists

Mon, 04/27/2020 - 09:03

The price of oil slumped again on Monday as the imbalance between too much supply and not enough demand continues to grow.

U.S. small business aid process reopens after 1st round saw big, publicly listed companies benefit

Mon, 04/27/2020 - 08:23

Businesses hurt by the novel coronavirus shutdown hoped to tap into a new batch of small aid approved by Congress last week. During the first round, dozens of publicly traded companies and large corporations were able to tap into the Paycheck Protection Program.

COVID-19 crisis may usher in new financial era if the world begins to shun risk: Don Pittis

Mon, 04/27/2020 - 01:00

As the high risk, high reward narrative exhibits its flaws, people who had cash savings and paid-off mortgages no longer look like losers if speculators are allowed to fail.

Trans Mountain, LNG Canada say they are on track despite pandemic

Sun, 04/26/2020 - 10:39

Energy projects like an LNG Canada export terminal and the Trans Mountain pipeline expansion may face short-term setbacks but the pandemic and oil price crash shouldn't threaten their long-term viability, economists say.

What you need to know before ordering groceries online; phone bill shock: CBC's Marketplace cheat sheet

Sun, 04/26/2020 - 06:00

CBC's Marketplace rounds up the consumer and health news you need this week.

Ring, ring: Canadians are calling each other a lot more during COVID-19 pandemic, telecoms say

Sun, 04/26/2020 - 04:00

Data shows that Canadians are choosing to phone people to stay connected as the world works to stay at least two metres apart.

5 things to consider as some provinces look to reopen for business

Sun, 04/26/2020 - 01:00

Many people would like to have life return to normal, but in the absence of a vaccine, effective treatment, or rapid testing, the reopening of a province may prove to be much more difficult than when governments shutdown their economies.

'Huge relief': Small businesses welcome Ottawa's commercial rent relief program, despite concerns

Sun, 04/26/2020 - 01:00

After more than a month of closures due to COVID-19, small business owners and commercial landlords got welcome news from Prime Minister Justin Trudeau on Friday.

'Heart-wrenching': Canadian flower farmers forced to throw out months of work amid pandemic

Sun, 04/26/2020 - 01:00

From their busiest time of the year to being in danger of closing, COVID-19 has hit some of Canada’s flower farmers hard.

With $20B Alberta deficit possible, Kenney warns province won't be able to 'insulate everyone'

Sat, 04/25/2020 - 12:05

The province is prepared to take every possible step to protect Albertans from a coming "terrible economic storm," Premier Jason Kenney said Thursday — but for many, it won't be enough.

Mexico says auto factories to reopen with coronavirus safeguards

Sat, 04/25/2020 - 09:02

The Mexican government says it plans to reopen automotive factories in conjunction with the United States and Canada. 

Trudeau pledges $62.5M for fish and seafood sector amid mounting food supply concerns

Sat, 04/25/2020 - 08:06

Prime Minister Justin Trudeau announced $62.5 million on Saturday for Canada's fish and seafood sector amid mounting concerns over the state of the country's food supply. 

What was behind oil's wild week and the challenges that lie ahead

Sat, 04/25/2020 - 01:00

After a week unlike any before for energy, expert Helima Croft weighs in on what it will take to get on the other side of the 'unprecedented' crisis in oil markets.

CTA backs away from statement on vouchers not refunds for cancelled flights

Fri, 04/24/2020 - 11:29

The Canadian Transportation Agency is backing away from an earlier statement on flight vouchers, saying its initial position on airlines' right to issue travel credits instead of a refund for cancelled trips is "not a binding decision."

GM Canada to start producing a million face masks per month at Oshawa, Ont., plant

Fri, 04/24/2020 - 10:15

General Motors of Canada Ltd. is going to start producing up to a million face masks per month at its facility in Oshawa, Ont., the company said Friday.

Surge in demand for online shopping has Canada Post struggling to keep up

Fri, 04/24/2020 - 07:41

Canadians stuck at home during the COVID-19 crisis are shopping online in huge numbers, often looking for luxury products as a treat during the lockdown. That's great news for hard-hit retailers, but Canada Post is straining to keep up.

Doctors horrified by Trump's 'dangerous' disinfectant comments on COVID-19

Fri, 04/24/2020 - 05:35

Doctors and health experts urged people not to drink or inject disinfectant on Friday after U.S. President Donald Trump suggested scientists should investigate inserting the cleaning agent into the body as a way to combat COVID-19.

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