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General Motors to restart some Ontario production next week, most week after
OSHAWA, Ont. — General Motors says it plans to restart some production at its engine plant in St. Catharines, Ont. next week ahead of a wider restart of North American operations the week of May 18.
May 6, 2020 2:15 PM
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Suncor CEO predicts slow recovery for sector from pandemic demand crunch
CALGARY — Consumer demand for fuel is growing slightly after a sudden decline due to measures to deal with the COVID-19 pandemic but the CEO of Suncor Energy Inc.
May 6, 2020 1:45 PM
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Barrick Gold removes suspended Papua New Guinea gold mine output from guidance
TORONTO — Barrick Gold Corp. has withdrawn production guidance for its Porgera gold mine in Papua New Guinea after suspending operations amid a dispute with the national government over an extension of its expired mining permit.
May 6, 2020 12:25 PM
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With factories dark, GM profit slumps 88%; 2Q likely worse
DETROIT — General Motors' first-quarter net income fell 88%, but it still managed to make $247 million despite the arrival of the global coronavirus pandemic. U.S. automakers suspended production in much of the world in late March.
May 6, 2020 11:29 AM
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Torstar reports $23.5-million loss as Q1 revenue falls in wake of COVID-19
TORONTO — Torstar Corp. lost $23.
May 6, 2020 10:23 AM
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ADP: More than 20 million jobs vanished in April
BALTIMORE — U.S. businesses cut an unprecedented 20.2 million jobs in April, an epic collapse with coronavirus outbreak closing the offices, factories, schools, construction sites and stores that propel the U.S. economy.
May 6, 2020 7:25 AM
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HGTV, Food Network helped by coronavirus stay-at-homes
NEW YORK — Americans stuck at home staring at fading furniture and wondering what to cook for dinner have been a boon for television networks like HGTV and the Food Network.
May 6, 2020 6:49 AM
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Norbord cuts dividend due to pandemic, reports Q1 profit up from year ago
TORONTO — Norbord Inc. cut its dividend due to the uncertainty caused by the pandemic as it reported a profit in its first quarter, boosted by higher oriented strand board prices and lower raw material and energy prices.
May 6, 2020 5:40 AM
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Crescent Point reports $2.32-billion Q1 loss due to plunge in oil prices
CALGARY — Crescent Point Energy Corp. reported a $2.32-billion first-quarter loss as it took a non-cash charge of $3.56 billion due to the plunge in oil prices. The company says the loss amounted to $4.
May 6, 2020 5:26 AM
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EU forecasts 'recession of historic proportions' this year
BRUSSELS — The European Union predicted Wednesday “a recession of historic proportions this year” due to the impact of the coronavirus as it released its first official estimates of the damage the pandemic is inflicting on the bloc’s economy.
May 6, 2020 4:27 AM
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