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National Business

Big Oil's interest in renewable energy investments expected to waver: report

Big Oil's interest in renewable energy investments expected to waver: report

CALGARY — Budget cutting in response to the twin challenges of COVID-19 demand destruction and low oil prices mean the world's oil and gas industry will likely spend less on renewable energy going forward.
Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: COVID-19 and the new normal Thousands of people have already lost their jobs as non-essential businesses have shut down, while others like grocers look for ways to

On Wall Street, some optimism penetrates the uncertainty

Stocks rallied this week as Washington acted to provide $2.
Some restaurateurs get rent relief, while others stress over April bills

Some restaurateurs get rent relief, while others stress over April bills

Grace An nearly cried after the landlord for her downtown Toronto restaurant called with a compromise: pay half the roughly $5,000 rent in April and May, and pay back the other half over time when business, hopefully, returns to normal.
Trump signs $2.2T stimulus after swift congressional votes

Trump signs $2.2T stimulus after swift congressional votes

WASHINGTON — President Donald Trump signed an unprecedented $2.
Trump seeks to force General Motors to produce ventilators

Trump seeks to force General Motors to produce ventilators

DETROIT — President Donald Trump issued an order Friday that seeks to force General Motors to produce ventilators for coronavirus patients under the Defence Production Act.
IMF head says global economy now in recession

IMF head says global economy now in recession

WASHINGTON — The head of the International Monetary Fund said Friday it is clear that the global economy has now entered a recession that could be as bad or worse than the 2009 downturn.
Competition watchdog warns against Air Canada's proposed deal to buy Transat

Competition watchdog warns against Air Canada's proposed deal to buy Transat

MONTREAL — Air Canada's proposed acquisition of Transat AT Inc., which owns Air Transat, likely will hinder competition and result in less choice for Canadian travellers, the Competition Bureau says.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (12,687.74, down 683.43 points.) Aurora Cannabis Inc. (TSX:ACB). Health care. Up 20 cents, or 15.87 per cent, to $1.46 on 27.
Stock markets cap first winning week since February despite snapping rally

Stock markets cap first winning week since February despite snapping rally

TORONTO — Canada's main stock index capped its first winning week since mid-February despite snapping a three-day rally as cases of COVID-19 continue to soar. The S&P/TSX composite index closed down 683.43 points, or 5.1 per cent, at 12,687.74.