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National Business
National Business
Pandemic grips commerce, hits railroader Union Pacific
OMAHA, Neb. — Union Pacific’s second-quarter profit fell 28% from a year ago as carload revenue tumbled in the coronavirus pandemic.
Jul 23, 2020 3:42 PM
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Trican Well Service says CEO stepping down, chairman named as replacement
CALGARY — Trican Well Service Ltd. says Dale Dusterhoft, its president and CEO for the past 11 years, is stepping down. The Calgary-based company says Bradley Fedora will take on the role as of Sept.
Jul 23, 2020 3:30 PM
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Former Airbnb units in Toronto moving to long-term rental market
TORONTO — A new report says there’s a rare window of opportunity to snag a rental condo in downtown Toronto as units that were listed on Airbnb prior to the COVID-19 outbreak are moving to the long-term rental market.
Jul 23, 2020 2:25 PM
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Cenovus, Suncor choose different paths on restoring oil output as prices recover
CALGARY — Two of Canada's biggest oilsands producers are taking different approaches to restoring production that was shut down during the pandemic lockdowns as signs of an economic recovery and higher oil prices emerge. Both Cenovus Energy Inc.
Jul 23, 2020 1:26 PM
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Fox taking fans to the ballgame with a virtual crowd
LOS ANGELES — Fox will be taking viewers out to the ballgame by adding a virtual crowd in parks during its baseball broadcasts this season.
Jul 23, 2020 1:02 PM
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Judge withholds making a decision on friendly takeover of Torstar by NordStar
TORONTO — An Ontario judge has put off a decision on the proposed $60-million friendly takeover of Torstar Corp.
Jul 23, 2020 12:47 PM
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Loblaw Q2 profit plunges on pandemic costs despite surging revenues
Canada's largest grocer saw its net income fall in its most recent quarter, despite revenue growth, because of costs related to working through the COVID-19 pandemic, including a temporary pay bump for workers and investments into its e-commerce busi
Jul 23, 2020 12:21 PM
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Suncor CEO signals caution about restarting oil output as economy recovers
CALGARY — The CEO of Suncor Energy Inc. says the company won't quickly ramp up oil production despite recent higher crude prices as the North American economy begins to reopen following the easing of lockdowns from the COVID-19 pandemic.
Jul 23, 2020 10:40 AM
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Tory says masking bylaw could be brought in if apartment buildings don't comply
Toronto Mayor John Tory said he's prepared to extend the city's mandatory masking order to shared spaces inside apartment and condominium buildings if management companies refuse to do it voluntarily.
Jul 23, 2020 4:00 AM
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Suncor reports Q2 net loss of $614M as production falls by almost one fifth
CALGARY — Suncor Energy Inc. is reporting a second-quarter net loss of $614 million after it cut back on production to deal with sharply reduced crude prices amid lower global energy demand.
Jul 22, 2020 7:20 PM
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