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George Weston Ltd. reports Q1 profit compared with loss a year ago

George Weston Ltd. reports Q1 profit compared with loss a year ago

The parent company of baked-goods manufacturer Weston Foods saw sales from food service clients, such as restaurants, slashed in half amid dining room closures as governments work to contain the COVID-19 pandemic.
US trade gap rises to $44.4 billlion as virus slams commerce

US trade gap rises to $44.4 billlion as virus slams commerce

WASHINGTON — The U.S. trade deficit rose in March as the coronavirus outbreak battered America's trade with the world. The Commerce Department reported Tuesday that the gap between what the United States sells and what it buys abroad widened 11.
Fiat Chrysler swings to loss as virus hits production, sales

Fiat Chrysler swings to loss as virus hits production, sales

MILAN — Fiat Chrysler Automobiles on Tuesday reported a first-quarter net loss of 1.7 billion euros ($1.
Lyft pilots program in Canada that offers cheaper rides for longer waits

Lyft pilots program in Canada that offers cheaper rides for longer waits

SAN FRANCISCO — Lyft Inc. is bringing a pilot program to Canada that gives customers lower fares if they agree to wait longer for their pickup.
GTA home sales plunge 67% in April as COVID-19 pandemic freezes real estate market

GTA home sales plunge 67% in April as COVID-19 pandemic freezes real estate market

TORONTO — Home sales in the Greater Toronto Area plunged 67 per cent in April as unprecedented COVID-19 social distancing measures and economic uncertainty affected sales and new listings, the Toronto Regional Real Estate Board reported Tuesday.
MEG Energy cuts capital spending plan again, reports $284M Q1 loss

MEG Energy cuts capital spending plan again, reports $284M Q1 loss

CALGARY — Shares in oilsands producer MEG Energy Corp. rose by as much as nearly 15 per cent on Tuesday amid strengthening oil prices after it reported it would cut its capital spending plan for a second time in two months.

US service sector shrinks; first time since Great Recession

WASHINGTON — The U.S. service sector shrank for the first time in a decade last month as the pandemic forced shutdowns and layoffs nationwide. The Institute for Supply Management said Tuesday that its service-sector index fell to 41.
Quebec-based Heroux-Devtek to cut 225 aerospace jobs due to drop in demand

Quebec-based Heroux-Devtek to cut 225 aerospace jobs due to drop in demand

LONGUEUIL, Que. — Heroux-Devtek Inc. says it will reduce its workforce by 10 per cent, or about 225 employees, due to falling demand in the commercial aerospace market due to the COVID-19 pandemic.
Statistics Canada says trade deficit grew to $1.4 billion in March

Statistics Canada says trade deficit grew to $1.4 billion in March

OTTAWA — Statistics Canada says the country's trade deficit grew to $1.4 billion in March as both exports and imports fell due to the COVID-19-related economic slowdown.
Thomson Reuters cuts revenue outlook due to disruptions caused by the pandemic

Thomson Reuters cuts revenue outlook due to disruptions caused by the pandemic

TORONTO — Thomson Reuters Corp. says it expects revenue to fall in the second quarter and is reducing its expectations for growth this year due to the disruptions caused by the COVID-19 pandemic.