Business

Postmedia delays Q2 report to late May because of uncertainty caused by COVID

April 6, 2020

TORONTO — Postmedia Network Canada Corp. will delay the release of its next quarterly report by as much as six weeks as a result of relaxed filing rules that have been put in...

Trican Well Service cuts jobs, salaries as low oil prices stall drilling plans

April 6, 2020

CALGARY — Trican Well Service Ltd. says it has cut its employee costs by half through salary reductions, layoffs and job sharing in reaction to a severe slowdown in drilling ...

Commercial landlords offering rent deferrals as economy hit by pandemic

April 6, 2020

TORONTO — Major commercial landlords in Canada are offering rent deferrals to tenants as the COVID-19 pandemic has forced many businesses to close their stores.RioCan, Choice...

Winnipeg Free Press begins 2 weeks of pay reductions for union, management

April 6, 2020

WINNIPEG — Unionized workers of the Winnipeg Free Press have accepted a temporary' wage cut requested by the newspaper's publisher, who said last week the newspaper needs ...

North American stock markets start trading week by gaining ground

April 6, 2020

TORONTO — Canada's main stock index was up more than 400 points in late-morning trading, fuelled by a broad-based rally on the Toronto Stock Exchange, while U.S. markets also...

CAE temporarily laying off 2,600, cutting salaries, suspending dividend

April 6, 2020

MONTREAL — CAE Inc. is temporarily laying off about a quarter of its staff, cutting salaries and suspending its dividend and share repurchase plan in response to the COVID-19...

MTY Food Group suspends dividend, lays off over half of its staff; 2,100 restaurants

April 6, 2020

MONTREAL — MTY Food Group Inc. has suspended its quarterly dividend, temporarily laid off over half of its workforce and reduced the base salaries of its leadership team.The ...

Chorus Aviation suspends dividends, lays off staff and cuts executive salaries

April 6, 2020

HALIFAX — Chorus Aviation Inc. is suspending its dividend, temporarily laying off staff and cutting executive salaries as it deals with the fallout from COVID-19.The company,...

Parkland Fuel nears completion of maintenance work at B.C. refinery

April 6, 2020

CALGARY — Parkland Fuel Corp. says it is close to finishing the maintenance work at its refinery in Burnaby, B.C.The Calgary-based company says it has begun the startup ...

Breakdown of Prairie co-op grocery partnership sparks layoffs and lawsuits

April 5, 2020

CALGARY — When a relationship breaks down after more than 60 years of mutual benefit, feelings are bound to get hurt.In the ongoing dustup between grocery and fuel retailer ...

Work camp operator filling need for COVID-19 field hospitals, testing centres

April 5, 2020

CALGARY — A Calgary company says it has received more than 100 requests over the past two weeks to set up field hospitals, quarantine accommodations, testing centres and ...

Five things to watch for in the Canadian business world in the coming week

April 5, 2020

TORONTO — Five things to watch for in the Canadian business world in the coming week:Business outlookThe Bank of Canada will release its business outlook survey on Monday as ...

Most actively traded companies on the TSX

April 3, 2020

TORONTO — Some of the most active companies ...

Garneau revises speed-limit rules for trains carrying dangerous goods

April 3, 2020

OTTAWA — Transport Minister Marc Garneau is ...

Critic, workers' group 'disappointed' Trudeau chose Amazon to distribute PPE

April 3, 2020

TORONTO — Prime Minister Justin Trudeau is facing...

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Canora Ladies Bonspiel attracts curlers from across region and beyond

April 5, 2020

The Canora Ladies Bonspiel was held at the Sylvia Fedoruk Centre from March 13 to 15 with curlers from as far away as Snow Lake, Manitoba. A total of 10 teams ...

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COVID-19 pandemic worries Canadians more than 2008 crisis did

April 6, 2020

It seems that every press briefing brings a new announcement about the plans from the federal government to assuage Canadians about the economic stability of the country ...