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National Business
National Business
Boston Pizza International laying off half of its corporate staff across Canada
VANCOUVER — Boston Pizza International Inc. is temporarily laying off approximately half of its 192 corporate staff across its three offices in Canada.
Mar 27, 2020 9:24 AM
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US consumer spending up modest 0.2% in February
WASHINGTON — Americans increased their spending by a modest amount in February but the expectation is that spending will be hit hard in coming months reflecting the shutdown of the American economy by the coronavirus.
Mar 27, 2020 9:05 AM
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SNC withdraws financial guidance, moves to cuts costs and manage cash flow
MONTREAL — SNC-Lavalin Group Inc. is withdrawing its financial guidance for 2020 as it works to cut costs and manage its cash flow due the COVID-19 pandemic and its impact of the company's operations around the world.
Mar 27, 2020 8:21 AM
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Lumber producer Canfor cuts production and capital spending due to COVID-19
VANCOUVER — Canfor Corp. is cutting production and reducing capital spending as it deals with the COVID-19 outbreak. The Vancouver-based lumber producer says it has reduced its planned capital spending by $20 million for Canadian and U.S. operations.
Mar 27, 2020 7:33 AM
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B.C. government to release its estimates on the spread of COVID-19
VICTORIA — The British Columbia government is expected to release its modelling information on COVID-19 today. Health Minister Adrian Dix says the report will be an indicator of how many people may become infected with the virus.
Mar 27, 2020 7:00 AM
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Netflix reduces video quality in Canada to lower internet bandwidth use
TORONTO — Netflix is lowering video quality for its subscribers in Canada as it attempts to reduce soaring demands on internet bandwidth in the midst of the COVID-19 pandemic.
Mar 26, 2020 7:41 PM
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Pandemic fallout: NCAA slashes distribution by $375 million
Cancelling March Madness because of the coronavirus pandemic will cost the NCAA about $375 million that it would have distributed to 350 schools across the nation. Some will be able to absorb the losses better than others.
Mar 26, 2020 7:32 PM
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World leaders vow to co-ordinate virus response in video call
DUBAI, United Arab Emirates — The head of the United Nations told leaders of the world’s 20 major industrialized nations during an emergency virtual summit Thursday that "we are at war with a virus — and not winning it” despite dramatic measures by c
Mar 26, 2020 6:55 PM
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Cirque du Soleil considering options after closing shows, laying off most staff
MONTREAL — Cirque du Soleil says it hasn't made a decision on steps it will take to stay afloat after cancelling all of its shows and laying off almost all of its employees due to the COVID-19 pandemic.
Mar 26, 2020 6:51 PM
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Lululemon withholds guidance for 2020 due to COVID-19 as Q4 profits rise
VANCOUVER — Athleisure retailer Lululemon Athletica Inc. declined to provide a financial outlook for its current fiscal year as the impact of the COVID-19 pandemic unfolds.
Mar 26, 2020 6:32 PM
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