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Canfor warns pandemic will 'weigh heavily' on results as it reports Q1 $70M loss

Canfor warns pandemic will 'weigh heavily' on results as it reports Q1 $70M loss

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.
Ticketmaster's TicketWeb among portals selling access to cancelled concert dates

Ticketmaster's TicketWeb among portals selling access to cancelled concert dates

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.
Working from home? You're probably eligible for an auto insurance discount

Working from home? You're probably eligible for an auto insurance discount

OTTAWA — Canadians looking to tighten their belts may want to look to their auto insurance for savings during the pandemic, experts say.
Canada Post sees 'Christmas-level' package volumes during COVID-19

Canada Post sees 'Christmas-level' package volumes during COVID-19

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.
New home sales plunge 15.4% in March as virus hits

New home sales plunge 15.4% in March as virus hits

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.
Asian shares rise moderately as oil prices recover

Asian shares rise moderately as oil prices recover

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.
Moving past 'invisible enemy,' Trump nudges nation to reopen

Moving past 'invisible enemy,' Trump nudges nation to reopen

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.
WestJet announces 3,000 layoffs and domestic flight cancellations over COVID-19

WestJet announces 3,000 layoffs and domestic flight cancellations over COVID-19

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.
CSX 1Q profit drops 8%, railroad withdraws outlook for year

CSX 1Q profit drops 8%, railroad withdraws outlook for year

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.
Trucking firm Mullen Group reports 1,000 layoffs as pandemic slows economy

Trucking firm Mullen Group reports 1,000 layoffs as pandemic slows economy

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.
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