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Imperial Oil reports $188M loss as COVID-19 hits workers, slows work schedule

Imperial Oil reports $188M loss as COVID-19 hits workers, slows work schedule

CALGARY — Imperial Oil Ltd. is slowing or deferring maintenance work throughout its operations as it tries to ensure employee safety in the wake of a COVID-19 outbreak that has infected 83 workers at its Kearl oilsands mine in northern Alberta.
Cottage communities eye summer season constrained by COVID-19 measures

Cottage communities eye summer season constrained by COVID-19 measures

TORONTO — A springtime trickle of Manitobans entering Ontario to visit their lakeside cottages alarmed Kenora Mayor Daniel Reynard a month ago.
Colliers says 21% of surveyed business tenants asking for rent relief

Colliers says 21% of surveyed business tenants asking for rent relief

VANCOUVER — Real estate firm Colliers International says about one in five commercial tenants surveyed requested April rent relief as the COVID-19 shutdown hit business activity.
Agnico Eagle reports $21.6 million loss on pandemic related mine shutdowns

Agnico Eagle reports $21.6 million loss on pandemic related mine shutdowns

TORONTO — Shares in Agnico Eagle Mines Ltd. rose Friday after it released new production guidance and reported a first-quarter loss linked to temporary mine shutdowns to control spread of the COVID-19 pandemic.
Restaurant Brands International reports Q1 profit and sales down from year ago

Restaurant Brands International reports Q1 profit and sales down from year ago

TORONTO — The parent company of Tim Hortons saw daily sales fall by more than 40 per cent in the last two weeks of March as the COVID-19 crisis began to take hold in Canada, but has since regained some momentum as it shifted more restaurants to servi
Teck Resources exits energy industry group CAPP, citing cost-cutting

Teck Resources exits energy industry group CAPP, citing cost-cutting

CALGARY — Teck Resources Ltd. is leaving the Canadian Association of Petroleum Producers, an industry organization whose members represent about 80 per cent of Canada's oil and gas production.

Atco reports lower Q1 profit, says COVID-19 may cause delays, labour shortages

CALGARY — Atco Ltd. says it had lower revenue and a reduced profit of $174 million profit in the first quarter, down from $226 million a year earlier.
Work safety strike, virus lockdown protest set for May Day

Work safety strike, virus lockdown protest set for May Day

LOS ANGELES — Essential workers will strike nationwide on May Day to demand safer conditions during the coronavirus outbreak, while other groups plan rallies against tight stay-at-home orders they say are crippling the U.S. economy.
Cameco says uranium spot prices are up amid production disruptions

Cameco says uranium spot prices are up amid production disruptions

SASKATOON — Cameco Corp. says spot uranium prices are up amid the production disruptions caused by the COVID-19 pandemic.
WestJet to use federal wage subsidy program to avoid pilot layoffs

WestJet to use federal wage subsidy program to avoid pilot layoffs

CALGARY — WestJet Airlines Ltd. says it will be able to save more than 1,000 pilot jobs by using the federal wage subsidy program.