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National Business
National Business
TSX inches higher as Shopify overtakes RBC as top Canadian company
TORONTO — Canada's main stock index inched higher midweek as Shopify Inc. overtook the Royal Bank of Canada to become the country's most valuable company thanks in part to a boom in online shopping while Canadians adopt physical distancing.
May 6, 2020 5:43 PM
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Shopify overtakes RBC as most valued Canadian company as online services in demand
OTTAWA — Shopify Inc. overtook RBC as the most valuable Canadian company Wednesday after the company's share price climbed on signs demand for online commerce is higher than ever.
May 6, 2020 5:29 PM
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NYT says it can 'ride out' virus as subscriber numbers boom
The New York Times Co. added new digital subscribers at a record rate as the coronavirus spread in the first quarter, helping offset shrinking ad revenues.
May 6, 2020 4:56 PM
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General Motors to restart some Ontario production next week, most week after
OSHAWA, Ont. — General Motors says it plans to restart some production at its engine plant in St. Catharines, Ont. next week ahead of a wider restart of North American operations the week of May 18.
May 6, 2020 4:15 PM
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Suncor CEO predicts slow recovery for sector from pandemic demand crunch
CALGARY — Consumer demand for fuel is growing slightly after a sudden decline due to measures to deal with the COVID-19 pandemic but the CEO of Suncor Energy Inc.
May 6, 2020 3:45 PM
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Barrick Gold removes suspended Papua New Guinea gold mine output from guidance
TORONTO — Barrick Gold Corp. has withdrawn production guidance for its Porgera gold mine in Papua New Guinea after suspending operations amid a dispute with the national government over an extension of its expired mining permit.
May 6, 2020 2:25 PM
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With factories dark, GM profit slumps 88%; 2Q likely worse
DETROIT — General Motors' first-quarter net income fell 88%, but it still managed to make $247 million despite the arrival of the global coronavirus pandemic. U.S. automakers suspended production in much of the world in late March.
May 6, 2020 1:29 PM
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Torstar reports $23.5-million loss as Q1 revenue falls in wake of COVID-19
TORONTO — Torstar Corp. lost $23.
May 6, 2020 12:23 PM
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ADP: More than 20 million jobs vanished in April
BALTIMORE — U.S. businesses cut an unprecedented 20.2 million jobs in April, an epic collapse with coronavirus outbreak closing the offices, factories, schools, construction sites and stores that propel the U.S. economy.
May 6, 2020 9:25 AM
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HGTV, Food Network helped by coronavirus stay-at-homes
NEW YORK — Americans stuck at home staring at fading furniture and wondering what to cook for dinner have been a boon for television networks like HGTV and the Food Network.
May 6, 2020 8:49 AM
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