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National Business
Precision Drilling Q2 loss surges as pandemic weakens demand for oil
CALGARY — A sharp decline in North American oilfield activity in the second quarter meant more layoffs, contract terminations and parked drilling rigs, Precision Drilling Corp. reported Thursday. The Calgary-based company reported a net loss of $48.
Jul 23, 2020 5:31 PM
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Some older personal finance rules may no longer apply, experts say
Start saving for retirement in a Registered Retirement Savings Plan as soon as possible. Make sure you're saving at least 10 per cent of your income. Don't spend more than a third of each pay check on housing — but don't rent forever either.
Jul 23, 2020 5:24 PM
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North American stock markets fall, while gold continues to shine
North American stock markets closed in the red Thursday, while gold prices continued to soar, edging closer to an all-time high.
Jul 23, 2020 5:18 PM
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Movie theatres implore studios: Release the blockbusters
NEW YORK — A long time ago in a pre-COVID universe far, far away, blockbusters opened around the globe simultaneously or nearly so. In 1975, “Jaws” set the blueprint. Concentrate marketing. Open wide. Pack them in.
Jul 23, 2020 4:16 PM
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Pandemic grips commerce, hits railroader Union Pacific
OMAHA, Neb. — Union Pacific’s second-quarter profit fell 28% from a year ago as carload revenue tumbled in the coronavirus pandemic.
Jul 23, 2020 3:42 PM
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Trican Well Service says CEO stepping down, chairman named as replacement
CALGARY — Trican Well Service Ltd. says Dale Dusterhoft, its president and CEO for the past 11 years, is stepping down. The Calgary-based company says Bradley Fedora will take on the role as of Sept.
Jul 23, 2020 3:30 PM
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Former Airbnb units in Toronto moving to long-term rental market
TORONTO — A new report says there’s a rare window of opportunity to snag a rental condo in downtown Toronto as units that were listed on Airbnb prior to the COVID-19 outbreak are moving to the long-term rental market.
Jul 23, 2020 2:25 PM
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Cenovus, Suncor choose different paths on restoring oil output as prices recover
CALGARY — Two of Canada's biggest oilsands producers are taking different approaches to restoring production that was shut down during the pandemic lockdowns as signs of an economic recovery and higher oil prices emerge. Both Cenovus Energy Inc.
Jul 23, 2020 1:26 PM
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Fox taking fans to the ballgame with a virtual crowd
LOS ANGELES — Fox will be taking viewers out to the ballgame by adding a virtual crowd in parks during its baseball broadcasts this season.
Jul 23, 2020 1:02 PM
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Judge withholds making a decision on friendly takeover of Torstar by NordStar
TORONTO — An Ontario judge has put off a decision on the proposed $60-million friendly takeover of Torstar Corp.
Jul 23, 2020 12:47 PM
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