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National Business
National Business
Boeing to cut 10% of work force as 1Q revenue, profit slide
Boeing outlined plans Wednesday to cut 10% of its workforce, slow production of new planes and raise more cash to survive a downturn in business that started with the grounding of its bestselling jet and has accelerated with a deep slump in air trave
Apr 29, 2020 2:46 PM
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Ontario Energy Association calls for end to most hydro subsidies
TORONTO — The association representing Ontario's energy producers and distributors says the province should stop subsidizing the price of hydro and instead offer targeted help to customers who need it most.
Apr 29, 2020 2:09 PM
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Canopy Growth lays off 200 workers in third cut made since March
SMITHS FALLS, Ont. — Canopy Growth Corp. says it will be cutting 200 workers in its third round of cuts in the last two months. The Smiths Falls, Ont.
Apr 29, 2020 1:43 PM
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Farm groups oppose new foreign worker restrictions in New Brunswick
FREDERICTON — Farm groups in New Brunswick say a new restriction on temporary foreign workers couldn't have come at a worse time and will have a major impact on food production in the province.
Apr 29, 2020 1:22 PM
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Roots closing seven U.S. stores, reports $44.6M fourth-quarter loss
TORONTO — Clothing retailer Roots Corp. plans to close permanently nearly all of its U.S. stores as they continue to underperform in a retail environment exacerbated by the COVID-19 pandemic.
Apr 29, 2020 12:50 PM
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Economic 'train wreck' delivers billions in asset impairments to oil producers
CALGARY — Fears that crude oil prices slammed by a global economic "train wreck" will remain low for some time are forcing Calgary-based companies to write off billions of dollars in value from their oil and gas resources. Husky Energy Inc.
Apr 29, 2020 12:12 PM
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Trump trade office adds Amazon to 'notorious markets' list
WASHINGTON — The United States for the first time added five of Amazon’s overseas operations to its list of “notorious markets’’ where pirated goods are sold.
Apr 29, 2020 11:51 AM
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'Trolls' went straight to homes. Movie theatres are fuming.
NEW YORK — The most controversial movie of the year is ...
Apr 29, 2020 11:47 AM
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Loblaw reports Q1 profit and sales up as customers stockpiled supplies
Canada's largest grocer believes it will see "financial pressure" in the future as customers' shopping habits change and costs rise during the COVID-19 pandemic. Loblaw Companies Ltd.
Apr 29, 2020 11:10 AM
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Nutella-maker closes Brantford plant after workers test positive for COVID-19
BRANTFORD, Ont. — The maker of Nutella, Ferrero Rocher and Kinder products says it had to close down its Brantford, Ont., plant after employees tested positive for COVID-19. Ferrero Canada Ltd.
Apr 29, 2020 10:25 AM
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