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Work-from-home success changing Calgary office use assumptions, CEOs say

Work-from-home success changing Calgary office use assumptions, CEOs say

CALGARY — Work-from-home measures taken to control the spread of the COVID-19 pandemic are challenging long-held assumptions about how Canada's oil and gas sector should provide and care for its office workers.
Huge job losses in B.C. indicate a 'hard road ahead': finance minister

Huge job losses in B.C. indicate a 'hard road ahead': finance minister

VANCOUVER — The retail, food and restaurant sectors are calling for more help in the wake of new job numbers that show B.C. lost about 264,000 jobs in April.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (14,966.56, up 132.87 points.) Freegold Ventures Ltd. (TSX:FVL). Materials. Up 11 cents, or 47.
North American stock markets climb to end the week despite dismal jobs numbers

North American stock markets climb to end the week despite dismal jobs numbers

TORONTO — North American stock markets marched higher to end the week despite historically bad jobs numbers resulting from the COVID-19 pandemic. The S&P/TSX composite index closed up 132.87 points at 14,966.56 to end the week 2.
Postmedia seeks at least $20.3 million in COVID-related emergency wage subsidies

Postmedia seeks at least $20.3 million in COVID-related emergency wage subsidies

TORONTO — Postmedia Network Canada Corp. expects to qualify for at least $20.3 million in COVID-related emergency wage subsidies from the federal government, the owner of Canada's largest newspaper chain said Friday.
New Brunswick opens more businesses in new phase of COVID-19 recovery plan

New Brunswick opens more businesses in new phase of COVID-19 recovery plan

FREDERICTON — New Brunswick is allowing more businesses and services to reopen as it launches the next phase of the province's COVID-19 recovery plan.
Recipe Unlimited temporarily suspends dividend payments for 2020 amid COVID-19

Recipe Unlimited temporarily suspends dividend payments for 2020 amid COVID-19

VAUGHAN, Ont. — The parent company of Swiss Chalet and other chains saw a more than $100-million drop in sales in its most recent quarter due to the COVID-19 pandemic, which prompted Recipe Unlimited Corp.
Five things to know about Statistics Canada's jobs report for April

Five things to know about Statistics Canada's jobs report for April

OTTAWA — Statistics Canada reported Friday that the economy lost nearly two million jobs in April and the unemployment rate soared to 13.0 per cent as the full force of the pandemic hit.

Jobless rate spikes to 14.7%, highest since Great Depression

WASHINGTON — The U.S. unemployment rate hit 14.7% in April, the highest rate since the Great Depression, as 20.5 million jobs vanished in the worst monthly loss on record.
Hydro One reports $225M first-quarter profit, up from $171 million a year ago

Hydro One reports $225M first-quarter profit, up from $171 million a year ago

TORONTO — Hydro One Ltd. reported a first-quarter profit of $225 million, up from a profit of $171 million a year ago.