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National Business
National Business
Calfrac Well Services cuts deepen to 70% in Canada, U.S. due to low oil prices
CALGARY — Calfrac Well Services Ltd. says it has now cut 70 per cent of its North American staff as demand for its hydraulic fracturing and other well completion services continues to fall in view of low oil prices.
Apr 28, 2020 2:09 PM
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Prime minister of Papua New Guinea threatens to take over Barrick gold mine
TORONTO — The prime minister of Papua New Guinea is threatening to take over a gold mine operated by Barrick Gold Corp. after operations were suspended there last weekend in the midst of a dispute over renewal of its mining lease.
Apr 28, 2020 12:37 PM
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Fantino resigns from Aleafia Health board alongside former RCMP commissioner
TORONTO — Aleafia Health Inc. says former Ontario Provincial Police commissioner and federal cabinet minister Julian Fantino is resigning from the company's board.
Apr 28, 2020 11:27 AM
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Merck expects brunt of pandemic will strike this quarter
The pandemic increased sales of Merck medicines during the first quarter as households around the world stocked up, but the drugmaker expects a significant hit this quarter as the full force of the outbreak lands. Merck & Co.
Apr 28, 2020 11:17 AM
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Consumer confidence plunges in April as millions lose jobs
WASHINGTON — U.S. consumer confidence plunged in April as millions lost their jobs and there was an unprecedented deterioration of an index that monitors their attitudes about current business and work conditions.
Apr 28, 2020 11:06 AM
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US home prices rose before viral outbreak shut economy
WASHINGTON — U.S home prices were rising at a steady pace in February, before the viral outbreak shuttered much of the economy and caused a sharp decline in home sales. March sales of new and existing homes then plummeted as much of the U.S.
Apr 28, 2020 9:03 AM
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HSBC Bank Canada reports Q1 profit down as it expects downturn to hurt loans
VANCOUVER — HSBC Bank Canada reported a drop in its first-quarter profit compared with a year ago as it took a charge related to bad loans it expects due to the downturn in the economy.
Apr 28, 2020 7:26 AM
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Brazil edges toward being next big coronavirus hot spot
RIO DE JANEIRO — Brazil is emerging as potentially the next big hot spot for the coronavirus amid President Jair Bolsonaro’s insistence that it is just a "little flu” and that there is no need for the sharp restrictions that have slowed the infection
Apr 27, 2020 11:22 PM
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Boeing CEO sees long road to recovery from virus outbreak
Boeing's CEO said Monday that it will take years for the aircraft-building business to return to levels seen before the coronavirus pandemic, which has slowed air travel to a trickle and led airlines to park 2,800 jets.
Apr 27, 2020 7:52 PM
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CN Rail withdraws profit forecast after rail blockades, COVID-19 downturn
MONTREAL — Canadian National Railway Co. is withdrawing its profit forecast as uncertainty fostered by the COVID-19 pandemic tears up the transportation industry playbook.
Apr 27, 2020 6:35 PM
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