National Business

CALGARY — Canadian crude-by-rail exports hit a record high in January but observers say they've likely fallen since then and stand to plummet even further as low oil prices force producers to cut growth spending and shut in high-cost wells.

MONTREAL — Canada's major airlines are relatively well-positioned to weather the financial storm that has been unleashed by the COVID-19 pandemic, but regional players may find it tougher to stay afloat, experts say.

VANCOUVER — Near the end of 2018, Sheldon Petrie moved $40,000 into a self-directed registered retirement savings plan and watched his nest egg grow to about $55,000 at its peak.

TORONTO — New Gold Inc. is closing its Rainy River Mine near the U.S. border in western Ontario for two weeks so that its workers can follow the 14-day self-isolation period recommended for those who have travelled outside Canada.

TORONTO — Canadian cannabis shoppers will have to get used to a patchwork of closed stores and delivery disruptions as pot distributors across the country implement changes.

NEW YORK — In a world suffering a pandemic, cash is no longer king.

Vancouver-based Lithium Americas Corp. says it has suspended construction activities at its US$565-million lithium project in Argentina in accordance with government-mandated restrictions in response to the COVID-19 pandemic.

TORONTO — Longview Aviation Capital Corp. says it's suspending new production of Dash 8-400 and Series 400 Twin Otter aircraft in a move that will affect nearly 1,000 employees.

TORONTO — Canada's securities regulators suggests companies don't have to resend proxy-related materials to shareholders if they plan to move annual meetings online because of COVID-19.

NEW YORK — Historian Niall Ferguson has a knack for timing his TV projects. He debuted his examination of the global financial system in “The Ascent of Money” just as the 2008 economic crisis was hitting.