National Business

CALGARY — The CEO of one of Canada's largest drilling rig contractors says plunging North American crude prices on Monday and Tuesday are signs that the oil industry is headed for a "deep, deep collapse." On Tuesday, U.S.

TORONTO — Global stock markets fell in a broad-based decline as crude oil prices sank to their lowest level in more than two decades on heightened supply concerns.

TORONTO — General Motors says it has permanently shut down its Maven car sharing service in all markets including Toronto after suspending operations in March due to the COVID-19 outbreak.

The temporary closure of an Alberta meat processing facility due to a COVID-19 outbreak isn't expected to result in beef shortages, but the reduction in capacity will mean that ranchers will bear the brunt as their costs rise and prices for their pro

NEW YORK — Lady Gaga, Michael Jordan and the remote Rolling Stones provided television entertainment over the weekend for millions of Americans homebound because of the coronavirus.

Coca-Cola's global volume tumbled 25% in April as the coronavirus pandemic gripped large swaths of the world population.

MONTREAL — Air Canada says it will cancel all flights to the U.S. after Ottawa extended its border closure with the United States by 30 days.

Measures taken to deal with the COVID-19 pandemic and low commodity prices are being blamed by Teck Resources Ltd. for a first-quarter loss attributable to shareholders of $312 million.

TORONTO — An Ontario court dismissed an application for a judicial review by an animal welfare organization who said its right to free expression were violated when its anti-Canada Goose ads were taken down in Toronto.

CALGARY — Stronger and more stable natural gas prices in the wake of North American oil production cuts are offering hope for better times to some gas producers but haven't changed Keyera Corp.