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National Business
National Business
CN Rail withdraws profit forecast after rail blockades, COVID-19 downturn
MONTREAL — Canadian National Railway Co. is withdrawing its profit forecast as uncertainty fostered by the COVID-19 pandemic tears up the transportation industry playbook.
Apr 27, 2020 6:35 PM
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Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (14,642.11, up 221.75 points.) Royal Bank of Canada (TSX:RY). Financials. Up $1.75, or 2.1 per cent, to $84.95 on 10.2 million share.
Apr 27, 2020 5:31 PM
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Foodora to shut down in Canada on May 11 amid profitability challenges
TORONTO — Food delivery app Foodora is closing its Canadian operations in May, just months after a key labour board decision laid the groundwork for the company's workers to push for unionization.
Apr 27, 2020 5:23 PM
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S&P/TSX composite up despite plunge in oil prices for second Monday in a row
TORONTO — Canada's main stock index started the trading week higher even though the price of oil futures plunged for a second consecutive Monday.
Apr 27, 2020 5:21 PM
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Ontario unveils broad outline for reopening economy in three stages
TORONTO — Ontario Premier Doug Ford released a broad outline Monday of how — but not when — the province's economy will reopen, while predicting there will never be a complete return to the old way of life.
Apr 27, 2020 3:52 PM
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Porter planes to remain grounded through June due to COVID-19 pandemic
Porter Airlines is extending its suspension of all flights by another four weeks until June 29 due to the COVID-19 pandemic. The Toronto-based carrier stopped flying on March 21 as travel controls and rising public health concerns choked off demand.
Apr 27, 2020 3:47 PM
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Virus is expected to reduce meat selection and raise prices
DES MOINES, Iowa — Meat isn't going to disappear from supermarkets because of outbreaks of the coronavirus among workers at U.S. slaughterhouses.
Apr 27, 2020 3:24 PM
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Over 4 million UK jobs furloughed under government scheme
LONDON — More than 4 million jobs have been saved in the U.K. as a result of a government scheme aimed at making sure firms hold onto staff during the coronavirus lockdown, Treasury chief Rishi Sunak said Monday.
Apr 27, 2020 3:02 PM
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Restaurants relying on Uber Eats angry about weekend outage amid COVID-19
TORONTO — Restaurants using Uber Eats in Ontario over the weekend say they experienced outages that left them unable to deliver meals to customers.
Apr 27, 2020 2:09 PM
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Deutsche Bank net profit falls due to pandemic
FRANKFURT — Deutsche Bank has reported that its net income fell to 66 million euros ($72 million) in the first quarter as the pandemic hurt its business.
Apr 27, 2020 12:04 PM
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