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National Business
National Business
Loblaw Q2 profit plunges on pandemic costs despite surging revenues
Canada's largest grocer saw its net income fall in its most recent quarter, despite revenue growth, because of costs related to working through the COVID-19 pandemic, including a temporary pay bump for workers and investments into its e-commerce busi
Jul 23, 2020 12:21 PM
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Suncor CEO signals caution about restarting oil output as economy recovers
CALGARY — The CEO of Suncor Energy Inc. says the company won't quickly ramp up oil production despite recent higher crude prices as the North American economy begins to reopen following the easing of lockdowns from the COVID-19 pandemic.
Jul 23, 2020 10:40 AM
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Tory says masking bylaw could be brought in if apartment buildings don't comply
Toronto Mayor John Tory said he's prepared to extend the city's mandatory masking order to shared spaces inside apartment and condominium buildings if management companies refuse to do it voluntarily.
Jul 23, 2020 4:00 AM
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Suncor reports Q2 net loss of $614M as production falls by almost one fifth
CALGARY — Suncor Energy Inc. is reporting a second-quarter net loss of $614 million after it cut back on production to deal with sharply reduced crude prices amid lower global energy demand.
Jul 22, 2020 7:20 PM
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Inflatable pools lead wave of toy sales as parents, kids reclaim slice of summer
Inflatable pools are driving a deluge of toy sales during the COVID-19 pandemic as consumers try to enhance at-home leisure for their children, their pets and their feet.
Jul 22, 2020 6:52 PM
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Kelt to sell B.C. Montney assets to ConocoPhillips for $510 million
CALGARY — Kelt Exploration Ltd. says it is selling assets in B.C. that account for almost half of its oil and gas production for $510 million in cash to Houston-based ConocoPhillips.
Jul 22, 2020 6:39 PM
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Tesla picks Texas site for second US vehicle assembly plant
Electric car maker Tesla Inc. has picked the Austin, Texas, area as the site for its largest auto assembly plant employing at least 5,000 workers. The new factory will build Tesla’s upcoming Cybertruck pickup and will be a second U.S.
Jul 22, 2020 6:37 PM
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Saskatchewan announces 60 new COVID-19 cases, mostly on Hutterites colonies
REGINA — Saskatchewan has posted its largest single-day jump in COVID-19 cases with 60 coming largely from Hutterite communities.
Jul 22, 2020 6:03 PM
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B.C. will match $1 billion from Ottawa to help jump start the pandemic economy
VICTORIA — The British Columbia government says it is matching $1 billion in federal government money to address the impacts of COVID-19 and help restart the economy. Premier John Horgan says in a news release the funding will secure some of B.C.
Jul 22, 2020 5:58 PM
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Tesla makes $104M profit in 2Q despite factory shutdown
DETROIT — Tesla overcame a seven-week pandemic-related shutdown at its U.S. assembly plant to post a surprising $104 million net profit for the second quarter.
Jul 22, 2020 5:57 PM
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