Skip to content

National Business

Ottawa pitches in $320M to help Newfoundland and Labrador offshore oil sector

Ottawa pitches in $320M to help Newfoundland and Labrador offshore oil sector

ST. JOHN'S, N.L. — The Canadian government is giving $320 million to Newfoundland and Labrador's struggling offshore oil and gas industry. Natural Resources Minister Seamus O'Regan made the funding announcement Friday at a news conference in St.
Technology and utilities push TSX up to end choppy week of trading; loonie dips

Technology and utilities push TSX up to end choppy week of trading; loonie dips

TORONTO — The technology and utilities sectors pushed Canada's main stock index higher to end another choppy week. "It's been very sloppy," said Colin Cieszynski, chief market strategist at SIA Wealth Management.
As restaurants brace for cold weather, second wave, industry seeks meal subsidy

As restaurants brace for cold weather, second wave, industry seeks meal subsidy

HALIFAX — Two things are keeping Brenda O'Reilly’s restaurants in Newfoundland and Labrador afloat: Government subsidies and patios. “Patios have been a real godsend,” the owner of four St. John’s restaurants said in an interview Friday.
Cogeco says its strategy unaltered by costly Rogers promises to invest in Quebec

Cogeco says its strategy unaltered by costly Rogers promises to invest in Quebec

MONTREAL — Cogeco Communications Inc. says its strategy is unaltered by costly promises made to Quebec from Rogers Communications Inc. in the event it succeeds in acquiring the telecom company.

B.C. municipalities want province to share cannabis tax money from Feds

A group advocating on behalf of municipalities and some First Nations across B.C. wants the province to share its cannabis excise tax revenue. The Union of B.C.
Furloughed WestJet workers demand clarity on wage subsidy program amid pay cut

Furloughed WestJet workers demand clarity on wage subsidy program amid pay cut

WestJet Airlines Ltd. is warning furloughed workers their pay will be cut by up to 53 per cent starting Sunday due to changes in the extended federal wage subsidy, prompting flight crews to call on Ottawa for action.
Feds offer $50-million fund to film, TV productions struggling to get insurance

Feds offer $50-million fund to film, TV productions struggling to get insurance

Canadian producers are applauding a new temporary federal relief fund to help film and television productions that have been stalled by a lack of COVID-19 insurance.
Tourmaline Oil files preliminary prospectus for $252.5M Topaz Energy IPO

Tourmaline Oil files preliminary prospectus for $252.5M Topaz Energy IPO

CALGARY — Shares in Tourmaline Oil Corp. tracked lower Friday as its subsidiary, Topaz Energy Corp., announced it has filed a preliminary prospectus to raise $252.5 million through an initial public offering.
Desk shortage forces people to get creative about workspaces

Desk shortage forces people to get creative about workspaces

NEW YORK — First it was toilet paper. Disinfectant wipes. Beans. Coins. Computers. Now, desks are in short supply because of the coronavirus pandemic.
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: Meng hearing A Vancouver court will hold a hearing in Huawei Technologies Co. Ltd. CFO Meng Wanzhou’s extradition case.