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National Business
Husky cuts production by 80,000 bpd, taking Canadian total to 365,000 bpd so far
CALGARY — A move by Husky Energy Inc. to halt production of 80,000 barrels per day takes the total reduction in Canadian crude output to about 365,000 bpd since the onset of measures to deal with the COVID-19 pandemic, an analyst says.
Apr 20, 2020 9:28 AM
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CAE signs deal with Ottawa to manufacture 10,000 ventilators, recalls employees
MONTREAL — CAE says it has signed a contract to manufacture and supply 10,000 ventilators for the Canadian government. Financial terms of the agreement were not immediately available.
Apr 20, 2020 8:17 AM
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Alimentation Couche-Tard Inc. drops takeover pursuit of Caltex Australia Ltd.
LAVAL, Que. — Alimentation Couche-Tard Inc. is dropping its pursuit of Caltex Australia Ltd. due to the COVID-19 crisis. The company had been working on a revised takeover bid after an earlier offer was rebuffed.
Apr 20, 2020 7:20 AM
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Wholesale sales up 0.7 per cent in February despite rail blockades and COVID-19
OTTAWA — Statistics Canada reports wholesale sales rose 0.7 per cent to $67.5 billion in February, even as sales were hurt by rail blockades and the early effects of COVID-19. Economists had expected a decline of 0.
Apr 20, 2020 6:53 AM
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Babyface-Teddy Riley battle fizzles on Instagram Live
NEW YORK — The much-hyped battle between Kenny “Babyface” Edmonds and Teddy Riley was derailed by audio issues, forcing the R&B producers to postpone the Instagram Live event.
Apr 19, 2020 6:27 PM
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Plants 'operating 24/7' to meet consumer demand for food amid COVID-19
Campbell Soup Company's production goes into overdrive during what executives dub "soup season." Starting in October and ending with the close of winter, Campbell's manufacturing centres run non-stop, staffed by extra employees.
Apr 19, 2020 8:30 AM
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'I just want to survive:' Greenhouses struggling with economic reality of COVID-19
CALGARY — Nick Zannis is thankful his greenhouse established online sales five years ago, now that the retail world has been turned upside down by the COVID-19 pandemic.
Apr 19, 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: CP Rail earnings Canadian Pacific Railway Ltd. will release first-quarter results after markets close on Tuesday. CP and rival Canadian National Railway Co.
Apr 19, 2020 8:00 AM
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Former Treasury Secretary Paul O'Neill dies at age 84
Paul O’Neill, a former Treasury secretary who broke with George W. Bush over tax policy and then produced a book critical of the administration, died Saturday. He was 84. O’Neill’s son, Paul O’Neill Jr.
Apr 18, 2020 12:42 PM
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ConocoPhillips to cut oil production in Alberta, cites weak prices, COVID-19
CALGARY — ConocoPhillips says it plans to cut production at its Surmont oilsands operation in northern Alberta due to low oil prices until market conditions improve.
Apr 17, 2020 7:10 PM
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