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National Business
New U.S. permit to boost Keystone pipeline oil exports by next year: TC Energy
CALGARY — The CEO of TC Energy Corp. says the company will begin moving more oil from Western Canada into the United States by next year under a new U.S. presidential permit for the existing Keystone pipeline system.
Jul 30, 2020 11:00 AM
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Molson Coors sees second-quarter results weaken due to COVID-19 lockdowns
MONTREAL — Molson Coors Beverage Co. continues to grapple with what the CEO called a "global can shortage" as consumers shifted away from drinking at bars and restaurants and started consuming more drinks at home due to the COVID-19 pandemic.
Jul 30, 2020 10:54 AM
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Maple Leaf Foods rides retail demand to second-quarter profit
Maple Leaf Foods Inc. overcame a steep drop in restaurant and food supply sales last quarter to furnish a $25-million profit thanks to a revenue boost in pork, retail consumption and Asian demand. The meat giant raised sales by seven per cent $1.
Jul 30, 2020 10:30 AM
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Resolute shares surge as forest products producer beats forecasts
Shares of Resolute Forest Products Inc. surged as much as 48 per cent Thursday after the lumber, pulp and paper producer beat analyst profit expectations in the second quarter despite a 19 per cent decrease in revenues.
Jul 30, 2020 10:27 AM
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Shaw Mobile launches in Alberta, B.C., alongside Shaw's Freedom Mobile
CALGARY — Shaw Communications Inc.
Jul 30, 2020 9:56 AM
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DavidsTea to shrink network to 18 stores in Canada after renegotiating leases
MONTREAL — DavidsTea Inc. will shrink its retail store network to 18 Canadian locations as the insolvent beverage chain shutters 82 more stores in the country while dealing with the impact of COVID-19.
Jul 30, 2020 8:25 AM
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Crescent Point loses $145 million in Q2 on 73-per-cent revenue decline
CALGARY — Crescent Point Energy Corp. is reporting a $145.1 million loss in its latest quarter on a 73-per-cent decrease in revenues amid lower crude oil prices.
Jul 30, 2020 7:53 AM
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Gildan Activewear misses expectations as COVID-19 drives down sales
MONTREAL — Gildan Activewear Inc. missed expectations as it reported a large second-quarter loss after sales plunged 71 per cent amid widespread closures of customer stores because of COVID-19. The Montreal-based company, reporting in U.S.
Jul 30, 2020 6:54 AM
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1.4 million seek jobless aid as virus keeps forcing layoffs
WASHINGTON — More than 1.4 million laid-off Americans applied for unemployment benefits last week, further evidence of the devastation the coronavirus outbreak has unleashed on the U.S. economy.
Jul 30, 2020 6:49 AM
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German economy plunged 10% during 2nd quarter amid pandemic
FRANKFURT — Germany’s economy, Europe's largest, took a massive hit during the pandemic shutdowns, shrinking by 10.1% per cent during the April-June period from the previous quarter as exports and business investment collapsed.
Jul 30, 2020 4:52 AM
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