National Business

TORONTO — North American stock markets surged to start the trading week on hopes of slowing growth of COVID-19 in parts of Europe and New York.

CALGARY — When a relationship breaks down after more than 60 years of mutual benefit, feelings are bound to get hurt.

Natalie Rahey and Blair Skrupski were supposed to be standing under a wedding canopy in three weeks, hand in hand on a Caribbean beach surrounded by friends and family.

TORONTO — Postmedia Network Canada Corp. will delay the release of its next quarterly report by as much as six weeks as a result of relaxed filing rules that have been put in place by securities regulators because of the COVID-19 pandemic.

CALGARY — Trican Well Service Ltd. says it has cut its employee costs by half through salary reductions, layoffs and job sharing in reaction to a severe slowdown in drilling activity due to low oil prices.

WINNIPEG — Unionized workers of the Winnipeg Free Press have accepted a temporary' wage cut requested by the newspaper's publisher, who said last week the newspaper needs flexibility to survive a collapse in advertising revenue since the COVID-19 cri

MONTREAL — CAE Inc. is temporarily laying off about a quarter of its staff, cutting salaries and suspending its dividend and share repurchase plan in response to the COVID-19 pandemic.

HALIFAX — Chorus Aviation Inc. is suspending its dividend, temporarily laying off staff and cutting executive salaries as it deals with the fallout from COVID-19.

MONTREAL — MTY Food Group Inc. has suspended its quarterly dividend, temporarily laid off over half of its workforce and reduced the base salaries of its leadership team.

CALGARY — Parkland Fuel Corp. says it is close to finishing the maintenance work at its refinery in Burnaby, B.C. The Calgary-based company says it has begun the startup sequence at the facility.