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'Immense amount of pain' predicted for Canadian oilfield services sector

'Immense amount of pain' predicted for Canadian oilfield services sector

CALGARY — Canada's oilfield services sector is in for "an immense amount of pain" over at least the next year thanks to low North American oil and gas exploration activity amid a worldwide glut of cheap crude, according to a report from CIBC.
Heroux-Devtek to focus on defence because of COVID-19 hit to commercial aviation

Heroux-Devtek to focus on defence because of COVID-19 hit to commercial aviation

MONTREAL — Landing gear manufacturer Heroux-Devtek Inc. intends to focus on the defence side of its business to overcome a slow recovery expected in commercial aviation due to COVID-19.
News executive, ex-US Rep William Keating remembered warmly

News executive, ex-US Rep William Keating remembered warmly

CINCINNATI — Bill Keating is remembered widely as gentlemanly, considerate and modest. Underneath that genial exterior was a fiercely competitive and driven athlete, lawyer, politician and news executive. He was highly successful in all those fields.
Safety board says rules are 'too complex' to stop bad-weather plane landings

Safety board says rules are 'too complex' to stop bad-weather plane landings

DORVAL, Que. — Canada's Transportation Safety Board is calling on the federal government to simplify its rules around airplane landings to prevent approaches in poor visibility.
US existing home sales plunge 17.8% in April

US existing home sales plunge 17.8% in April

WASHINGTON — Sales of existing homes plunged 17.8% in April with the real estate market still in the grips of the coronavirus pandemic.
Tempted by low mortgage rates? Consider fees, penalties for refinancing first

Tempted by low mortgage rates? Consider fees, penalties for refinancing first

Amid plunging interest rates in the wake of the economic devastation wrought by the COVID-19 pandemic, many homeowners have felt tempted to break their mortgages in order to lock in a better rate and save big money.
Lightspeed POS reports US$18.6M Q4 loss, revenue up 70 per cent from year ago

Lightspeed POS reports US$18.6M Q4 loss, revenue up 70 per cent from year ago

MONTREAL — Shares in Lightspeed POS Inc.
CI Financial buys remaining stake in WealthBar, will create CI Direct Investing

CI Financial buys remaining stake in WealthBar, will create CI Direct Investing

TORONTO — CI Financial Corp. says it has acquired the remaining 25 per cent of online investment firm WealthBar Financial Services Inc. that it did not already own. Financial terms of the deal were not immediately available.
2 accused of smuggling ex-Nissan boss out of Japan in a box

2 accused of smuggling ex-Nissan boss out of Japan in a box

WASHINGTON — A former Green Beret and his son were arrested Wednesday in Massachusetts on charges they smuggled Nissan Motor Co. Chairman Carlos Ghosn out of Japan in a box while he awaited trial there on financial misconduct charges.
Fed officials worried in April about toll of deep recession

Fed officials worried in April about toll of deep recession

WASHINGTON — Federal Reserve officials last month worried about the coronavirus pandemic's toll on the U.S.