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National Business
National Business
Losses mount for oil companies as pandemic grips economy
NEW YORK — Exxon Mobil reported its third consecutive quarter of losses as the global pandemic curtailed travel and crippled global economic activity. The energy giant on Friday posted a $680 million third-quarter loss and revenue tumbled to $46.
Oct 30, 2020 2:33 PM
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Federal government tells Teck to improve water quality from two B.C. coal operations
VANCOUVER — Teck Resources Ltd. says it has been ordered by Environment and Climate Change Canada to improve the quality of water affected by two of its coal mining operations in B.C.'s Elk Valley.
Oct 30, 2020 2:11 PM
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US consumer spending rose a moderate 1.4% in September
WASHINGTON — U.S. consumers increased their spending by 1.
Oct 30, 2020 1:54 PM
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Imperial Oil ekes out Q3 profit as Kearl oilsands mine rebounds from outage
CALGARY — Surging production from its Kearl oilsands mine after an unplanned two-week outage, along with a better-than-targeted drop in capital and operational spending, helped Imperial Oil Ltd.
Oct 30, 2020 1:50 PM
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Eurozone growth soars record 12.7% but fears grow for winter
FRANKFURT — The European economy grew by an unexpectedly large 12.
Oct 30, 2020 11:35 AM
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Statistics Canada says economy grew 1.2 per cent in August as pace of growth slowed
OTTAWA — The pace of economic growth in Canada slowed in August as real gross domestic product grew 1.2 per cent in the month, Statistics Canada said Friday. The rise compared with a revised 3.
Oct 30, 2020 10:39 AM
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Exxon, Chevron to cut US jobs as oil industry struggles
NEW YORK — Exxon Mobil is slashing 1,900 jobs from its U.S. workforce and mulling cuts to its Canadian operations, while Chevron plans to cut a quarter of the employees at its recently acquired Noble Energy as the pandemic saps demand for fuel.
Oct 30, 2020 10:38 AM
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Asia Today: Japan crosses 100,000 cases, 9 months after 1st
TOKYO — Japan’s coronavirus cases have topped 100,000, nine months after the first case was found in mid-January, the health ministry said Friday.
Oct 30, 2020 10:13 AM
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Cannabis company Hexo proposes share consolidation plan to boost share price
OTTAWA — Cannabis company Hexo Corp. announced a plan to consolidate its shares in an effort to regain compliance with the US$1 minimum share price continued listing standard of the New York Stock Exchange.
Oct 30, 2020 7:00 AM
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Scaled-back Thanksgiving plans leave turkey farmers in limbo
For the turkey industry, this Thanksgiving is a guessing game. Millions of Americans are expected to have scaled-down celebrations amid the pandemic, heeding official warnings against travel and large indoor gatherings.
Oct 30, 2020 2:45 AM
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