Skip to content

National Business

Some restaurateurs get rent relief, while others stress over April bills

Some restaurateurs get rent relief, while others stress over April bills

Grace An nearly cried after the landlord for her downtown Toronto restaurant called with a compromise: pay half the roughly $5,000 rent in April and May, and pay back the other half over time when business, hopefully, returns to normal.
WestJet extends international flight suspensions into May amid COVID-19 pandemic

WestJet extends international flight suspensions into May amid COVID-19 pandemic

MONTREAL — WestJet Airlines Ltd. says it is cancelling all transatlantic and U.S. routes until May 4, extending its 30-day suspension by two more weeks. The Calgary-based company will offer no flights to the U.S.
Airline analysts unfazed by competition watchdog's warning about Air Canada deal

Airline analysts unfazed by competition watchdog's warning about Air Canada deal

MONTREAL — The Competition Bureau's warning about Air Canada's proposed takeover of Transat AT Inc., which owns Air Transat, should be taken in context, analysts say.
Freshii delays financial results, cuts head office staff to reduce costs

Freshii delays financial results, cuts head office staff to reduce costs

TORONTO — Freshii Inc. is delaying the filing of its latest financial results as it deals with the COVID-19 pandemic and its impact on its restaurants and franchise partners.

Palliser Furniture temporarily laying off workers, closing Winnipeg facility

WINNIPEG — Palliser Furniture Ltd. is temporarily laying off 72 per cent of its workforce as it closes its Winnipeg facility for two weeks and looks to do the same at its Mexican facilities in the coming weeks.
Parkland Fuel drains$300M from budget to deal with COVID-19 demand impact

Parkland Fuel drains$300M from budget to deal with COVID-19 demand impact

CALGARY — Parkland Fuel Corp. is cutting its 2020 capital spending budget by 52 per cent and trimming executive salaries in response to the uncertain economic impact of the novel coronavirus.
Inter Pipeline cuts dividend and exec pay, suspends sale of bulk liquids storage

Inter Pipeline cuts dividend and exec pay, suspends sale of bulk liquids storage

CALGARY — Inter Pipeline Ltd. is reducing its dividend by more than 70 per cent and suspending its dividend reinvestment plan as it deals with the drop in energy prices and the COVID-19 pandemic.
Offer made to Centerra Gold for its stake in Ontario gold project

Offer made to Centerra Gold for its stake in Ontario gold project

THUNDER BAY, Ont. — Premier Gold Mines Ltd. says an offer has been made to acquire Centerra Gold Inc.'s 50 per cent stake in the Greenstone Gold Mines Partnership in a deal it says it worth US$205 million.
Big Oil's interest in renewable energy investments expected to waver: report

Big Oil's interest in renewable energy investments expected to waver: report

CALGARY — Budget cutting in response to the twin challenges of COVID-19 demand destruction and low oil prices mean the world's oil and gas industry will likely spend less on renewable energy going forward.
Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: COVID-19 and the new normal Thousands of people have already lost their jobs as non-essential businesses have shut down, while others like grocers look for ways to