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National Business
Some restaurateurs get rent relief, while others stress over April bills
Grace An nearly cried after the landlord for her downtown Toronto restaurant called with a compromise: pay half the roughly $5,000 rent in April and May, and pay back the other half over time when business, hopefully, returns to normal.
Mar 30, 2020 11:31 AM
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WestJet extends international flight suspensions into May amid COVID-19 pandemic
MONTREAL — WestJet Airlines Ltd. says it is cancelling all transatlantic and U.S. routes until May 4, extending its 30-day suspension by two more weeks. The Calgary-based company will offer no flights to the U.S.
Mar 30, 2020 10:51 AM
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Airline analysts unfazed by competition watchdog's warning about Air Canada deal
MONTREAL — The Competition Bureau's warning about Air Canada's proposed takeover of Transat AT Inc., which owns Air Transat, should be taken in context, analysts say.
Mar 30, 2020 10:20 AM
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Freshii delays financial results, cuts head office staff to reduce costs
TORONTO — Freshii Inc. is delaying the filing of its latest financial results as it deals with the COVID-19 pandemic and its impact on its restaurants and franchise partners.
Mar 30, 2020 9:13 AM
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Palliser Furniture temporarily laying off workers, closing Winnipeg facility
WINNIPEG — Palliser Furniture Ltd. is temporarily laying off 72 per cent of its workforce as it closes its Winnipeg facility for two weeks and looks to do the same at its Mexican facilities in the coming weeks.
Mar 30, 2020 8:55 AM
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Parkland Fuel drains$300M from budget to deal with COVID-19 demand impact
CALGARY — Parkland Fuel Corp. is cutting its 2020 capital spending budget by 52 per cent and trimming executive salaries in response to the uncertain economic impact of the novel coronavirus.
Mar 30, 2020 8:55 AM
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Inter Pipeline cuts dividend and exec pay, suspends sale of bulk liquids storage
CALGARY — Inter Pipeline Ltd. is reducing its dividend by more than 70 per cent and suspending its dividend reinvestment plan as it deals with the drop in energy prices and the COVID-19 pandemic.
Mar 30, 2020 8:26 AM
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Offer made to Centerra Gold for its stake in Ontario gold project
THUNDER BAY, Ont. — Premier Gold Mines Ltd. says an offer has been made to acquire Centerra Gold Inc.'s 50 per cent stake in the Greenstone Gold Mines Partnership in a deal it says it worth US$205 million.
Mar 30, 2020 6:07 AM
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Big Oil's interest in renewable energy investments expected to waver: report
CALGARY — Budget cutting in response to the twin challenges of COVID-19 demand destruction and low oil prices mean the world's oil and gas industry will likely spend less on renewable energy going forward.
Mar 29, 2020 8:00 AM
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Five things to watch for in the Canadian business world in the coming week
TORONTO — Five things to watch for in the Canadian business world in the coming week: COVID-19 and the new normal Thousands of people have already lost their jobs as non-essential businesses have shut down, while others like grocers look for ways to
Mar 29, 2020 8:00 AM
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