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Economic 'train wreck' delivers billions in asset impairments to oil producers

Economic 'train wreck' delivers billions in asset impairments to oil producers

CALGARY — Fears that crude oil prices slammed by a global economic "train wreck" will remain low for some time are forcing Calgary-based companies to write off billions of dollars in value from their oil and gas resources. Husky Energy Inc.
Trump trade office adds Amazon to 'notorious markets' list

Trump trade office adds Amazon to 'notorious markets' list

WASHINGTON — The United States for the first time added five of Amazon’s overseas operations to its list of “notorious markets’’ where pirated goods are sold.
'Trolls' went straight to homes. Movie theatres are fuming.

'Trolls' went straight to homes. Movie theatres are fuming.

NEW YORK — The most controversial movie of the year is ...
Loblaw reports Q1 profit and sales up as customers stockpiled supplies

Loblaw reports Q1 profit and sales up as customers stockpiled supplies

Canada's largest grocer believes it will see "financial pressure" in the future as customers' shopping habits change and costs rise during the COVID-19 pandemic. Loblaw Companies Ltd.
Nutella-maker closes Brantford plant after workers test positive for COVID-19

Nutella-maker closes Brantford plant after workers test positive for COVID-19

BRANTFORD, Ont. — The maker of Nutella, Ferrero Rocher and Kinder products says it had to close down its Brantford, Ont., plant after employees tested positive for COVID-19. Ferrero Canada Ltd.
Business and tech consulting firm CGI reports $314.8M first-quarter profit

Business and tech consulting firm CGI reports $314.8M first-quarter profit

MONTREAL — CGI Inc. says it earned $314.8 million in its latest quarter compared with $318.3 million in the same quarter a year earlier as it was hit by one-time restructuring costs and integration expenses.
Maple Leaf Foods says pandemic costs will add up to $20 million to Q2 expenses

Maple Leaf Foods says pandemic costs will add up to $20 million to Q2 expenses

Maple Leaf Foods Inc.
Cenovus Energy reports $1.8B first-quarter loss as oil prices plunged

Cenovus Energy reports $1.8B first-quarter loss as oil prices plunged

CALGARY — Cenovus Energy Inc. reported a $1.8-billion loss in its first quarter as oil prices fell due to a drop in demand as a result of the COVID-19 pandemic and a oil price war between Saudi Arabia and Russia.
Trump orders meat processing plants to remain open

Trump orders meat processing plants to remain open

WASHINGTON — President Donald Trump took executive action Tuesday to order meat processing plants to stay open amid concerns over growing coronavirus cases and the impact on the nation's food supply.
Ford burns up billions of dollars in 1Q, posts $2B net loss

Ford burns up billions of dollars in 1Q, posts $2B net loss

DETROIT — The coronavirus crisis is forcing Ford Motor Co. to burn through cash at an alarming rate, but its chief financial officer says there's enough money to make it through the year —even if U.S. factories aren't restarted.