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National Business
National Business
WestJet to lay off more than 3,300 workers under restructuring plan
WestJet Airlines Ltd. says it will permanently lay off 3,333 employees as part of a major restructuring amid the coronavirus pandemic that has devastated the travel industry.
Jun 24, 2020 5:11 PM
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Two weeks to fiscal snapshot, Liberals see credit rating downgrade
OTTAWA — Finance Minister Bill Morneau is defending the state of the country's finances after an international agency stripped Canada of its triple-A credit rating.
Jun 24, 2020 3:33 PM
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GFL Environmental signs US$835-million deal to buy assets in 10 U.S. states
VAUGHAN, Ont. — GFL Environmental Inc. has signed a deal to buy a portfolio of integrated solid waste collection, transfer, recycling and disposal assets in the United States for US$835 million.
Jun 24, 2020 3:14 PM
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Google to automatically delete user location history by default after 18 months
TORONTO — Google is adopting new privacy features and data retention practices across its core products, which include its search engine, Google Maps and YouTube.
Jun 24, 2020 2:57 PM
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Bayer paying up to $10.9B to settle Monsanto weedkiller case
BERLIN — Bayer will pay up to $10.9 billion to settle litigation over the subsidiary Monsanto’s weedkiller Roundup, which has faced thousands of lawsuits over claims it causes cancer, the German-based company said Wednesday.
Jun 24, 2020 2:43 PM
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Saskatchewan to develop plan around small modular nuclear reactors
REGINA — Saskatchewan is taking another step in its march to bring small modular nuclear technology to the province. The Ministry of Environment announced it's creating an office that will develop policy around this type of nuclear power.
Jun 24, 2020 1:56 PM
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Restaurant chains jump on ghost kitchen trend to boost sales during COVID-19
VANCOUVER — When the COVID-19 outbreak forced many restaurants to shutter dining rooms across Canada, Vancouver-based Joey Restaurants responded by opening two "ghost kitchens" — a new model being adopted for delivery- and pick-up-only spaces.
Jun 24, 2020 12:31 PM
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Barrick Niugini to lay off 2,650 Papua New Guinea gold mine workers
TORONTO — Owners of the Porgera gold mine in Papua New Guinea say they will lay off 2,650 local mine workers by the end of July as the result of a continuing dispute with the federal government. Barrick Niugini Ltd.
Jun 24, 2020 11:23 AM
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IMF says U.S. economy to shrink 8.0 per cent, Canadian GDP to fall 8.4 per cent
WASHINGTON — The International Monetary Fund has sharply lowered its forecast for global growth this year because it envisions far more severe economic damage from the coronavirus than it did just two months ago.
Jun 24, 2020 10:39 AM
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Indigo expects at least 10-12 months of COVID-19 'damaging set of conditions'
TORONTO — Indigo Books & Music Inc. expects at least 10 to 12 months of a "damaging set of conditions" from the COVID-19 pandemic, said chief executive Heather Reisman, the day after the company reported a fourth-quarter loss of $171.3 million.
Jun 24, 2020 10:20 AM
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