Skip to content

National Business

CSX 1Q profit drops 8%, railroad withdraws outlook for year

CSX 1Q profit drops 8%, railroad withdraws outlook for year

OMAHA, Neb. — CSX Corp. said Wednesday that its first-quarter profit slipped 8% and the railroad withdrew its outlook for the year because of the ongoing economic uncertainty brought on by the coronavirus outbreak.
Trucking firm Mullen Group reports 1,000 layoffs as pandemic slows economy

Trucking firm Mullen Group reports 1,000 layoffs as pandemic slows economy

CALGARY — Trucking, logistics and oilfield services firm Mullen Group Ltd. says it has temporarily laid off about 1,000 people because of the impact of measures to control the COVID-19 pandemic.
Think things are bad for airlines? It's about to get worse

Think things are bad for airlines? It's about to get worse

The biggest and most profitable U.S. airline just posted its first quarterly loss in more than five years. Now things are going to get really bad. Delta Air Lines Inc.
Canada Goose plans shift to reclaimed fur over wild coyote product

Canada Goose plans shift to reclaimed fur over wild coyote product

Luxury parka maker Canada Goose Holdings Inc. has announced plans to switch to reclaimed fur in its coats, a move the company says is "not about animal activists" who have fought the company's use of animal products for years.
Analysis finds Alberta public pension manager loses big in oilpatch investments

Analysis finds Alberta public pension manager loses big in oilpatch investments

EDMONTON — Alberta's public pension manager has lost millions after investing in smaller energy companies at a time when the entire sector is in decline, an analysis has found.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (14,288.16, up 348.10 points.) StageZero Life Sciences Ltd. (TSX:SZLS). Health care. Unchanged at 13.5 cents on 25.9 million shares.
Toronto stock market gains midweek on higher crude and gold prices

Toronto stock market gains midweek on higher crude and gold prices

TORONTO — Canada's main stock index moved up midweek as the price of oil regained some of the ground it lost in recent days and gold surged higher. The June futures contract bounced back Wednesday after plunging to a more than two-decade low.

Corrective to name in April 16 story on commercial rent

In an April 16 article The Canadian Press erroneously misspelled Aleem Jiwa's name. The Canadian Press
Social Security and Medicare funds at risk even before virus

Social Security and Medicare funds at risk even before virus

WASHINGTON — The financial condition of the government’s two biggest benefit programs remains shaky, with Medicare expected to become insolvent in just six years, while Social Security will be unable to pay full benefits starting in 2035, the governm
Rogers says COVID's impact is manageable, braces for worse second quarter

Rogers says COVID's impact is manageable, braces for worse second quarter

TORONTO — Rogers Communications Inc. felt the first financial bite from the COVID-19 pandemic during the tail end of its first quarter and senior executives said Wednesday they expect conditions will get worse in months to come.