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CAE signs deal with Ottawa to manufacture 10,000 ventilators, recalls employees

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.
Alimentation Couche-Tard Inc. drops takeover pursuit of Caltex Australia Ltd.

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.
Wholesale sales up 0.7 per cent in February despite rail blockades and COVID-19

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.
Babyface-Teddy Riley battle fizzles on Instagram Live

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.
Plants 'operating 24/7' to meet consumer demand for food amid COVID-19

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.
'I just want to survive:' Greenhouses struggling with economic reality of COVID-19

'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.
Five things to watch for in the Canadian business world in the coming week

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.
Former Treasury Secretary Paul O'Neill dies at age 84

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.

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.
Saskatchewan says revenues could decline by up to $3.3B due to COVID-19

Saskatchewan says revenues could decline by up to $3.3B due to COVID-19

REGINA — The Saskatchewan government predicted Friday that the economic fallout from COVID-19 could reduce the province's revenues by up to $3.3 billion.