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In a week of layoffs in the US, MGM Resorts adds 18,000 more
MGM Resorts is laying off 18,000 people as an unchecked pandemic leaves economic scars across a broad swath of U.S. industries, particularly those that rely on healthy crowds of people. The layoffs at MGM, which amount to about a quarter of its U.
Aug 28, 2020 2:20 PM
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Oilpatch capital spending fell by 54% in second quarter, StatCan reports
CALGARY — Statistics Canada says capital spending in the country's oil and gas sector fell by 54 per cent in the quarter ended June 30 as numerous producers chopped budgets amid sliding global oil prices.
Aug 28, 2020 12:44 PM
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Canopy Growth to open 10 stores in Alberta under Tweed and Tokyo Smoke banners
SMITH FALLS, Ont. — Canopy Growth Corp. says it will open its first retail cannabis stores in Alberta. The Ontario-based company says it's set to open 10 stores under the Tweed and Tokyo Smoke banners and has additional locations in the pipeline.
Aug 28, 2020 11:00 AM
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US consumer spending rose a moderate 1.9% in July
WASHINGTON — U.S. consumers increased their spending by 1.9% last month, a dose of support for an economy struggling to emerge from the grip of a pandemic that has held back a recovery and kept roughly 27 million people jobless.
Aug 28, 2020 8:44 AM
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Mercedes gets big electric van order from Amazon
BERLIN — Amazon says it's buying 1,800 electric delivery vans from Mercedes-Benz, the biggest such order for the German automaker to date.
Aug 28, 2020 8:26 AM
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CWB Financial Group third-quarter profit beats expectations
EDMONTON — CWB Financial Group reported its third-quarter profit fell compared with a year ago as its provisions for credit losses rose compared with 2019 due to the pandemic, but the bank still beat expectations.
Aug 28, 2020 8:04 AM
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Israel lists first commercial passenger flight to UAE
DUBAI, United Arab Emirates — Israel has listed an El Al flight taking off Monday for Abu Dhabi, which would be Israel's first commercial passenger flight to the United Arab Emirates after the two countries agreed to a U.S.
Aug 28, 2020 6:53 AM
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Fed: Rates to stay ultra-low even after inflation picks up
WASHINGTON — The Federal Reserve announced a significant change Thursday in how it manages interest rates by saying it plans to keep rates near zero even after inflation has exceeded its 2% target level.
Aug 27, 2020 9:43 PM
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Saskatchewan headed for austerity as it deals with $2.1B COVID-19 deficit
REGINA — Spending restraint is on the horizon in Saskatchewan as the province begins to dig itself out of a deficit Premier Scott Moe's government blames on the COVID-19 pandemic.
Aug 27, 2020 6:06 PM
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Toronto index falls on lower gold, oil prices while dollar jumps on Fed news
TORONTO — Losses in the materials and energy sectors pulled Canada's main stock index lower on Thursday as the price of both gold and oil fell and the dollar rose. The S&P/TSX composite index wound up down 58.48 points at 16,731.
Aug 27, 2020 5:26 PM
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