Athabasca, Barrhead, Westlock - National Business News - Athabasca, Barrhead & Westlock News

$Well completion firm Calfrac reports deeper loss on 36% drop in revenue$

Well completion firm Calfrac reports deeper loss on 36% drop in revenue

CALGARY — Calfrac Well Services Ltd. is reporting a sharply deeper loss on lower revenue as demand for its oil and gas well completion services slumped in the first quarter.

Jun 25, 2020 9:25 AM Read more >

Cannabis company Canopy Growth signs deal to amend Acreage Holdings deal

Canopy Growth Corp. is shaking up its Acreage Holdings Inc. acquisition deal because of "broader market and economic factors." Smiths Falls, Ont.

Jun 25, 2020 9:04 AM Read more >

Aphria, Emblem and Aleafia settle dispute over cancelled supply agreement

LEAMINGTON, Ont. — Aphria Inc. has reached a deal worth $29.1 million to settle a dispute with Emblem Cannabis Corp. and Aleafia Health Inc.

Jun 25, 2020 8:55 AM Read more >

Orders for US big-ticket factory goods surge 15.8% in May

WASHINGTON — Orders to American factories for big-ticket goods rebounded last month from a disastrous April and March as the U.S. economy began to slowly reopen.

Jun 25, 2020 7:46 AM Read more >

Trade confidence plunges due to pandemic, EDC index hits all-time low

OTTAWA — Export Development Canada says trade confidence among Canadian exporters hit all-time low in its latest survey due to the economic shock as a result of the COVID-19 pandemic.

Jun 25, 2020 6:44 AM Read more >

US GDP fell at 5.0% rate in Q1; worse is likely on the way

WASHINGTON — The U.S. economy shrank at a 5.0% rate in the first quarter with a much worse decline expected in the current three-month economic period because of the coronavirus pandemic.

Jun 25, 2020 6:43 AM Read more >

Beef plants nearly back to full capacity after COVID-19, but backlog of cattle

CALGARY — Canada's main beef-packing plants are returning to full capacity after COVID-19 outbreaks, but the Canadian Cattlemen's Association isn't expecting a backlog of cattle to go away soon.

Jun 25, 2020 2:00 AM Read more >

BlackBerry writes down value of its Spark unit, posts US$636 million Q1 loss

WATERLOO, Ont. — BlackBerry Ltd. posted a US$636 million net loss in the first quarter ended May 31, as it recorded a non-cash accounting writedown related to its BlackBerry Spark unit. The company, which reports in U.S.

Jun 24, 2020 5:30 PM Read more >

California voters to decide fate of affirmative action ban

SACRAMENTO, Calif.

Jun 24, 2020 5:07 PM Read more >

Quebec City port project aims to win back market share amid shifting trade winds

MONTREAL — The head of a project to build a container terminal in Quebec City says the port expansion will help Canada claw back business from U.S. harbours.

Jun 24, 2020 4:55 PM Read more >