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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: CP Rail earnings Canadian Pacific Railway Ltd. will release first-quarter results after markets close on Tuesday. CP and rival Canadian National Railway Co.
Former Treasury Secretary Paul O'Neill dies at age 84

Former Treasury Secretary Paul O'Neill dies at age 84

Paul O’Neill, a former Treasury secretary who broke with George W. Bush over tax policy and then produced a book critical of the administration, died Saturday. He was 84. O’Neill’s son, Paul O’Neill Jr.

ConocoPhillips to cut oil production in Alberta, cites weak prices, COVID-19

CALGARY — ConocoPhillips says it plans to cut production at its Surmont oilsands operation in northern Alberta due to low oil prices until market conditions improve.
Saskatchewan says revenues could decline by up to $3.3B due to COVID-19

Saskatchewan says revenues could decline by up to $3.3B due to COVID-19

REGINA — The Saskatchewan government predicted Friday that the economic fallout from COVID-19 could reduce the province's revenues by up to $3.3 billion.
Financial, energy sectors lead Toronto market higher, U.S. markets also trade up

Financial, energy sectors lead Toronto market higher, U.S. markets also trade up

TORONTO — North American markets closed the week up with a late-day surge, while the loonie rose against the U.S. dollar.
Heritage Canada commits $500 million to arts and sports sectors impacted by COVID-19

Heritage Canada commits $500 million to arts and sports sectors impacted by COVID-19

TORONTO — Heritage Minister Steven Guilbeault unveiled early plans on Friday to give $500 million to Canada's arts, sports and cultural sectors as they weather the COVID-19 pandemic — but exactly who will benefit remains to be determined.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (14,359.88, up 460.56 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Up half a cent, or 1.18 per cent, to 43 cents on 15.
Cities and towns in Atlantic Canada feeling cash crunch from COVID-19: HRM mayor

Cities and towns in Atlantic Canada feeling cash crunch from COVID-19: HRM mayor

HALIFAX — Cities and towns of all sizes in Atlantic Canada are calling out for financial help to maintain basic and essential services as they feel the economic squeeze of battling COVID-19.
Mutual funds get more room to meet investor redemptions amid COVID's volatility

Mutual funds get more room to meet investor redemptions amid COVID's volatility

TORONTO — Canada's securities regulators are giving mutual funds temporary additional flexibility to borrow money in response to recent market volatility amid the COVID-19 pandemic.
UK broadens two key schemes to limit lockdown's economic hit

UK broadens two key schemes to limit lockdown's economic hit

LONDON — The British government has broadened two of the biggest economic relief programs it has put in place to limit the economic fallout of the coronavirus pandemic.