National Business

OTTAWA — Canada's inflation rate turned negative in April as the economy came to a standstill in the first full month of the pandemic as part of a spending shift that a top central banker says may signal further changes in consumption patterns post-C

CALGARY — Developers of a stored hydroelectric power project to be built next to a retired open pit coal mine east of Jasper National Park have enlisted TC Energy Corp. as a partner. Kipp Horton, CEO of Calgary-based WindRiver Power Corp.

MONTREAL — Lowe's Canadian operations, which include the Rona and Reno-Dept banners, continued to underperform those of the American network during the first quarter, as the effects of the COVID-19 pandemic were felt.

NEW YORK — Online sales at Target more than doubled as the pandemic put millions in lockdown during the first quarter, revealing further the critical role big box stores played in getting supplies to an immobilized population.

NEW YORK — Royal Caribbean lost $1.4 billion in the first quarter after the coronavirus forced its entire fleet to port. Wall Street, however, overlooked the massive loss Wednesday, focusing instead on bookings for next year.

TORONTO — Hollywood flicks were always the main attraction at Bob Boyle's drive-in theatre on the outskirts of Brackley, P.E.I., but shortly after the COVID-19 pandemic shut everything down, a nearby high school made an unusual request.

TORONTO — Celestica Inc. has been contracted to build 7,500 ventilators in Newmarket, Ont., for a Canadian medical device company working on the fight against the COVID-19 pandemic. Financial terms of its contract with StarFish Medical Inc.

OTTAWA — Canada's national annual inflation rate was -0.2 per cent in April, Statistics Canada says.

OTTAWA — Canada's national annual inflation rate was -0.2 per cent in April, Statistics Canada says. Here's what happened in the provinces (previous month in brackets): — Newfoundland and Labrador: -1.5 per cent (0.1) — Prince Edward Island: -1.3 (0.

The majority of Canadian companies have reported earnings for the first three months of 2020, giving a picture of the impact of the COVID-19 pandemic on business so far and in the months to come.