National Business

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.

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North American stock markets closed in the red Thursday, while gold prices continued to soar, edging closer to an all-time high.

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.

OMAHA, Neb. — Union Pacific’s second-quarter profit fell 28% from a year ago as carload revenue tumbled in the coronavirus pandemic.

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.

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.

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.

LOS ANGELES — Fox will be taking viewers out to the ballgame by adding a virtual crowd in parks during its baseball broadcasts this season.

TORONTO — An Ontario judge has put off a decision on the proposed $60-million friendly takeover of Torstar Corp.