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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.
May 21, 2020 3:52 PM
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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.
May 21, 2020 3:49 PM
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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.
May 21, 2020 3:31 PM
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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.
May 21, 2020 2:56 PM
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'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.
May 21, 2020 1:49 PM
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Heroux-Devtek to focus on defence because of COVID-19 hit to commercial aviation
MONTREAL — Landing gear manufacturer Heroux-Devtek Inc. intends to focus on the defence side of its business to overcome a slow recovery expected in commercial aviation due to COVID-19.
May 21, 2020 1:29 PM
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News executive, ex-US Rep William Keating remembered warmly
CINCINNATI — Bill Keating is remembered widely as gentlemanly, considerate and modest. Underneath that genial exterior was a fiercely competitive and driven athlete, lawyer, politician and news executive. He was highly successful in all those fields.
May 21, 2020 12:35 PM
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Safety board says rules are 'too complex' to stop bad-weather plane landings
DORVAL, Que. — Canada's Transportation Safety Board is calling on the federal government to simplify its rules around airplane landings to prevent approaches in poor visibility.
May 21, 2020 12:10 PM
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US existing home sales plunge 17.8% in April
WASHINGTON — Sales of existing homes plunged 17.8% in April with the real estate market still in the grips of the coronavirus pandemic.
May 21, 2020 11:37 AM
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Tempted by low mortgage rates? Consider fees, penalties for refinancing first
Amid plunging interest rates in the wake of the economic devastation wrought by the COVID-19 pandemic, many homeowners have felt tempted to break their mortgages in order to lock in a better rate and save big money.
May 21, 2020 11:09 AM
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