Skip to content

National Business

Frustration mounts over lack of refunds for flights cancelled during pandemic

Frustration mounts over lack of refunds for flights cancelled during pandemic

Canadians are increasingly showing signs of being fed up with airlines, which are offering travel vouchers rather than refunds to passengers whose flights have been cancelled due to the COVID-19 pandemic.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (14,884.85, down 112.78 points.) Sun Life Financial Inc. (TSX:SLF). Financials. Up 18 cents, or 0.38 per cent, to $47.06 on 25.
North American stocks fall on jobless claims, tensions between U.S. and China

North American stocks fall on jobless claims, tensions between U.S. and China

TORONTO — Potential U.S. retaliation against China over COVID-19 and continuously high jobless claims pushed North American stock markets lower on Thursday. Tensions between the world's two largest economies have been rising with efforts in the U.S.
Job market remains grim even as U.S. tentatively reopens

Job market remains grim even as U.S. tentatively reopens

WASHINGTON — Signs of renewed business activity are surfacing across the country as states gradually reopen economies and some businesses call a portion of their laid-off staffers back to work.

Unemployment soars to 17% as gov says virus crisis easing

The coronavirus pandemic that forced the shutdown of businesses across Rhode Island sent the state’s unemployment rate soaring to 17% in April, the state Department of Labor and Training announced Thursday. That’s up from 4.7% in March and 3.
Unsold book returns in coming weeks could be another blow for publishers

Unsold book returns in coming weeks could be another blow for publishers

As publishers try to deal with the massive disruption to the book industry in the wake of the COVID-19 pandemic, many are bracing for another big blow that could arrive over the coming weeks as more retailers open their doors.
New Brunswick forecasts nearly $300 million deficit as result of COVID-19

New Brunswick forecasts nearly $300 million deficit as result of COVID-19

FREDERICTON — The New Brunswick government is now forecasting a deficit of $299 million dollars for 2020-21, instead of the $92 million surplus it projected when it released its budget this spring.
Sturgeon Refinery says it is processing bitumen after two years of delays

Sturgeon Refinery says it is processing bitumen after two years of delays

CALGARY — The operators of the $9.7-billion Sturgeon Refinery say it is now processing oilsands bitumen as designed after two years of delays blamed mainly on equipment failures.
Canada Goose cuts 125 staff, L Brands closing some Victoria's Secret stores

Canada Goose cuts 125 staff, L Brands closing some Victoria's Secret stores

More retailers have announced layoffs and store closures at their Canadian operations as they continue to grapple with the impacts of the COVID-19 pandemic. Canada Goose Holdings Inc. announced Wednesday it would lay off 125 employees, or about 2.
'Immense amount of pain' predicted for Canadian oilfield services sector

'Immense amount of pain' predicted for Canadian oilfield services sector

CALGARY — Canada's oilfield services sector is in for "an immense amount of pain" over at least the next year thanks to low North American oil and gas exploration activity amid a worldwide glut of cheap crude, according to a report from CIBC.