National Business

TORONTO — Canada's main stock index inched slightly higher on the growing shine from metals as the Canadian price of gold moved closer to a record high. The June gold contract was up US$37.30 at US$1,725.80 an ounce.

MONTREAL — Bombardier Inc. took a major earnings hit last quarter — with more losses to come — as fallout from the COVID-19 pandemic blocked aircraft deliveries and shut down operations across dozens of plants.

MONTREAL — Shares of Bausch Health Companies Inc. fell more than eight per cent as the company lowered its 2020 forecast after a loss in in the first quarter due to the COVID-19 pandemic.

TORONTO — Consumers should get ready for a new world of retail as indoor shopping mall operators across the country prepare to reopen their doors with an abundance of COVID-19 precautions in the coming weeks.

CALGARY — American oil and gas producer Murphy Oil Corp. says it is shutting its Calgary office as part of a plan to cut costs as oil prices remain at low ebb.

CHARLOTTETOWN — The Prince Edward Island government has announced a number of programs to assist people affected by the COVID-19 pandemic.

WASHINGTON — U.S. consumer borrowing fell in March for the first time in more than eight years, with the category covering credit cards dropping by the largest amount in over three decades, the Federal Reserve reported Thursday.

CALGARY — Inter Pipeline Ltd. is warning that the cost of building its Heartland Petrochemical Complex has risen by about half a billion dollars and its in-service date may be delayed due to factors including the impact of the COVID-19 pandemic.

TORONTO — The initial economic shock from the COVID-19 outbreak may start to ease as provinces reopen, but experts say it's important for those struggling with debt to think about the longer haul since there's still little clarity as to how long the

MONTREAL — Canadian National Railway Co. moved a record 2.81 million tonnes of grain for April, slightly ahead of CP Rail's record volume for the month. The country's largest railway says the movement included 2.