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National Business
National Business
Family of dead crew member with virus sues Royal Caribbean
MIAMI — The family of a cruise crew member who died after testing positive for COVID-19 filed a lawsuit against Royal Caribbean Cruises on Tuesday saying the company failed to protect its employees as the pandemic ravaged sailings around the world.
May 5, 2020 6:37 PM
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Suncor loss reaches $3.5 billion on asset impairments due to low oil prices
CALGARY — Suncor Energy Inc. is reporting a first-quarter net loss of $3.525 billion mainly due to asset impairments linked to low oil prices, compared with net earnings of $1.47 billion in the same quarter of last year.
May 5, 2020 5:41 PM
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Airbnb laying off 1,900 employees due to travel decline
Airbnb says it is laying off 25% of its workforce as it confronts a steep decline in global travel due to the new coronavirus pandemic.
May 5, 2020 3:50 PM
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Mortgage, housing agency says home prices won't recover from COVID for years
TORONTO — Canada Mortgage and Housing Corp. officials said Tuesday they expect real estate prices won't return to pre-recession levels until late 2022 at the earliest.
May 5, 2020 3:39 PM
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Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (14,811.56, up 66.52 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Up 3.5 cents, or 7.07 per cent, to 53 cents on 17.
May 5, 2020 2:59 PM
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Toronto stock market moves higher while crude oil rises for fifth straight day
TORONTO — Technology and utilities led Canada's main stock index higher Tuesday while the price of crude rose for a fifth-straight day. Shopify Inc.
May 5, 2020 2:41 PM
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Enbridge converts idled Mainline export system pipeline for crude storage
CALGARY — Analysts say an Enbridge Inc. plan to use an idled leg of its Mainline pipeline system to store surplus Western Canadian oil will help offset lower volumes on the system as U.S. refineries buy less oil to match lower demand.
May 5, 2020 2:03 PM
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Restaurants make reopening plans as COVID-19 restrictions start to ease
VANCOUVER — After a roughly seven-week hiatus from serving coffee, Vancouver's Pallet Coffee Roasters over the next week will reopen five of its cafes in an uncertain environment.
May 5, 2020 1:05 PM
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SNC-Lavalin says Kevin Lynch plans to step down as board chair
MONTREAL — SNC-Lavalin Goup Inc. says Kevin Lynch plans to step down as chair of the board of directors once a successor has been chosen by the board.
May 5, 2020 11:20 AM
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Saskatchewan businesses have questions about protection as economy reopens
REGINA — Kara Firman should be able open her Saskatoon hair salon in two weeks, but right now she says she won't.
May 5, 2020 11:08 AM
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