National Business

VANCOUVER — Forestry firm Canfor Corp. is warning that the impact of the COVID-19 pandemic will "weigh heavily" on its financial performance this year as it reports a net loss of $70 million in the first quarter. The loss on sales of $1.

TORONTO — Live concerts are cancelled in most parts of the country for the foreseeable future, yet Ticketmaster and other Canadian ticket portals have continued to sell access to upcoming events that aren't happening.

OTTAWA — Canadians looking to tighten their belts may want to look to their auto insurance for savings during the pandemic, experts say.

OTTAWA — Canada Post says it is experiencing Christmas-level parcel volumes as Canadians do more of their shopping online due to COVID-19. The postal service says it delivered more than 1.

WASHINGTON — U.S. new home sales plunged 15.4% in March as the coronavirus-related shutdowns that began in the middle of the month began to rattle the housing market.

TOKYO — Asian shares rose moderately Thursday following a rally on Wall Street and even oil prices recovering from their recent plunge to zero. Japan's benchmark Nikkei 225 added 1.2% to 19,370.

WASHINGTON — For weeks, the Trump administration played up the dangers of the coronavirus as it sought to convince Americans to disrupt their lives and stay home.

CALGARY — WestJet Airlines Ltd. says it will lay off 3,000 people and cancel more than 4,000 domestic flights weekly in May as the COVID-19 pandemic continues to hammer the airline industry.

OMAHA, Neb. — CSX Corp. said Wednesday that its first-quarter profit slipped 8% and the railroad withdrew its outlook for the year because of the ongoing economic uncertainty brought on by the coronavirus outbreak.

CALGARY — Trucking, logistics and oilfield services firm Mullen Group Ltd. says it has temporarily laid off about 1,000 people because of the impact of measures to control the COVID-19 pandemic.