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National Business
National Business
Restaurant chains jump on ghost kitchen trend to boost sales during COVID-19
VANCOUVER — When the COVID-19 outbreak forced many restaurants to shutter dining rooms across Canada, Vancouver-based Joey Restaurants responded by opening two "ghost kitchens" — a new model being adopted for delivery- and pick-up-only spaces.
Jun 24, 2020 12:31 PM
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Barrick Niugini to lay off 2,650 Papua New Guinea gold mine workers
TORONTO — Owners of the Porgera gold mine in Papua New Guinea say they will lay off 2,650 local mine workers by the end of July as the result of a continuing dispute with the federal government. Barrick Niugini Ltd.
Jun 24, 2020 11:23 AM
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IMF says U.S. economy to shrink 8.0 per cent, Canadian GDP to fall 8.4 per cent
WASHINGTON — The International Monetary Fund has sharply lowered its forecast for global growth this year because it envisions far more severe economic damage from the coronavirus than it did just two months ago.
Jun 24, 2020 10:39 AM
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Indigo expects at least 10-12 months of COVID-19 'damaging set of conditions'
TORONTO — Indigo Books & Music Inc. expects at least 10 to 12 months of a "damaging set of conditions" from the COVID-19 pandemic, said chief executive Heather Reisman, the day after the company reported a fourth-quarter loss of $171.3 million.
Jun 24, 2020 10:20 AM
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Racial equality groups grapple with surge in donations
NEW YORK — A flood of donations following the death of George Floyd have left racial equality and social justice groups in a position they might never have expected to be in: figuring out what to do with a surplus of cash.
Jun 24, 2020 10:04 AM
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Marketing gaffe: Sobeys pulls 'Sweet Sixteen' candy from shelves amid complaints
HALIFAX — The Sobeys grocery chain is pulling the "Sweet Sixteen" brand of candy from its shelves over a problematic slogan. Display stands for the product, produced by a Quebec-based company, advertised its "barely legal" level of sweetness.
Jun 24, 2020 9:31 AM
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Asia shares higher after US rally despite rising virus fears
TOKYO — Asian shares were mostly higher on Wednesday with another mood boost from Wall Street, but fears persist over the surge in coronavirus cases in parts of the world. Japan's benchmark Nikkei 225 edged 0.1% higher to 22,576.63.
Jun 23, 2020 11:26 PM
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Newspaper owner Saltwire permanently sheds 109 positions due to COVID-19
HALIFAX — SaltWire Network says it is letting go 109 employees who have been permanently laid off because of the hit to advertising caused by the COVID-19 pandemic.
Jun 23, 2020 6:23 PM
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Indigo loses $171 million in Q4 after taking large impairment, tax charges
TORONTO — Indigo Books & Music Inc. is reporting a surge in losses caused by non-cash charges in the quarter that closed out its fiscal year ended March 28. The Toronto-based book, gift and specialty toy retailer says it lost $171.
Jun 23, 2020 6:19 PM
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WestJet retreats on labour code exemption that would facilitate mass layoffs
WestJet Airlines Ltd. says it has halted its pursuit of a labour code exemption that would have facilitated mass layoffs.
Jun 23, 2020 5:16 PM
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