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Threat of N.L.'s Terra Nova oilfield shutdown a sign of things to come: economist
ST. JOHN'S, N.L. — The future looks grim for Newfoundland and Labrador's third-largest offshore oilfield, and the head of its workers' union says the ripple effects will be devastating if it shuts down.
May 28, 2021 2:33 PM
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Biden's $6T budget: Social spending, taxes on business
WASHINGTON (AP) — President Joe Biden on Friday unveiled a $6 trillion budget for next year that’s piled high with new safety net programs for the poor and middle class, but his generosity depends on taxing corporations and the wealthy to keep the na
May 28, 2021 12:54 PM
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Hexo to buy Redecan for $925 million as hunt for more cannabis market share continues
Hexo Corp. has announced a deal to buy cannabis producer Redecan for $925 million as the pot company continues its hunt for market share.
May 28, 2021 11:43 AM
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Travel agencies report soaring bookings, but quarantine hotels hold people back
As travel agencies report soaring international bookings, experts and travellers say Canada’s requirement around quarantine hotels for returning travellers is the No. 1 factor holding back people from taking trips.
May 28, 2021 11:39 AM
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Canada Post says 950,000 customers potentially exposed to supplier data breach
OTTAWA — Canada Post says more than 950,000 customers were potentially exposed in a data breach attack on one of its suppliers.
May 28, 2021 11:31 AM
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National Bank optimistic but watching for new COVID-19 variants, economy overheating
The head of National Bank of Canada has a rosy outlook on his company's future as COVID-19 begins to subside, but chief executive Louis Vachon is still worried about variants that may emerge and the possibility of an overheating economy.
May 28, 2021 11:17 AM
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US consumers boosted spending in April as inflation surged
WASHINGTON (AP) — Americans increased their spending by 0.5% in April, a slowdown after a massive gain in March that had been powered by the distribution of billions of dollars in individual stimulus checks. Even with the pullback from a 4.
May 28, 2021 10:29 AM
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CanWel to change name to Doman Building Materials effective Monday
CALGARY — Vancouver-based CanWel Building Materials Group Ltd. says it will change its name to Doman Building Materials Group Ltd. effective Monday.
May 28, 2021 10:18 AM
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Interfor to raise U.S. production to 77 per cent by buying four sawmills for US$375M
CALGARY — Interfor Corp. is forging ahead with a strategy fuelled by record high prices to grow its lumber production in the United States as the U.S. moves to increase softwood lumber duties on Canadian imports to protect its domestic producers.
May 28, 2021 9:41 AM
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Malaysia imposes total lockdown after cases soar above 8,000
KUALA LUMPUR, Malaysia (AP) — Malaysia's prime minister says a total coronavirus lockdown will be imposed in the country, with all business and economic activities to be halted for two weeks to contain a worsening outbreak.
May 28, 2021 7:29 AM
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