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National Business

Gov't relief loans to restaurant chains draw complaints

Gov't relief loans to restaurant chains draw complaints

Some big restaurant chains have obtained loans from the government under a small-business relief program, leading business groups to call for changes to the program before Congress provides it with new funding.
Work resuming at Boeing plants following virus shutdown

Work resuming at Boeing plants following virus shutdown

SEATTLE — Boeing this week is restarting production of commercial airplanes in the Seattle area, putting about 27,000 people back to work after operations were halted because of the coronavirus.

High Liner Foods suspends New Hampshire plant after positive COVID tests

PORTSMOUTH, N.H. — High Liner Foods Inc. says it has suspended production at its fish processing plant in Portsmouth, N.H., after confirming positive COVID-19 cases.

Linamar withdraws 2020 financial outlook over virus impact on global auto industry

GUELPH, Ont. — Auto parts supplier Linamar Corp. says it is withdrawing its 2020 financial outlook until market conditions become clearer for the global automotive industry. Global light vehicle production is expected to be 21 per cent or 18.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (14,388.28, up 28.40 points.) StageZero Life Sciences Ltd. (TSX:SZLS). Health care. Up one cent, or 14.29 per cent, to eight cents on 10.
Lower commodity prices cut into PrairieSky Royalty first quarter earnings

Lower commodity prices cut into PrairieSky Royalty first quarter earnings

CALGARY — PrairieSky Royalty Ltd. is reporting a 67 per cent drop in net earnings on sharply lower oil and gas prices in the first quarter.
'Historic day' as oil futures turn negative; TSX rises slightly

'Historic day' as oil futures turn negative; TSX rises slightly

TORONTO — Canada's main stock index rose slightly to start the week even as oil future contracts plummeted on oversupply pressure. "This is a historic day.
Produce cleaner repurposed to sanitize N95 masks and help fight against COVID-19

Produce cleaner repurposed to sanitize N95 masks and help fight against COVID-19

Mark VanderVeen and his team at Clean Works were determined to work at all hours, even over Easter weekend, to get their sanitization equipment out to front-line workers.
Negative oil price plunge a short-term anomaly with limited impact: analysts

Negative oil price plunge a short-term anomaly with limited impact: analysts

CALGARY — A Calgary energy analyst says the plunge by benchmark U.S. crude oil prices into negative territory for the first time on Monday is a short-term anomaly that likely won't have a lasting effect on Canadian producers.

Demand will fuel B.C. real estate in 2021 after COVID recession: report

VANCOUVER — A report from the B.C. Real Estate Association says the 2020 COVID-driven recession will be deep, although it could be shorter than other Canadian economic downturns.