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Court denies request to revive US pipeline permit program
BILLINGS, Mont. — A U.S. appeals court on Thursday turned down a request by the Trump administration and energy industry groups to revive a permit program for new oil and gas pipelines that had been cancelled by a lower court.
May 28, 2020 3:00 PM
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Private nursing home owners under pressure as COVID-19 exposes flaws in system
CALGARY — The owners of Canada's private nursing homes are under increasing pressure from investors and critics alike as infections and deaths from the COVID-19 outbreak continue among the country's oldest and most vulnerable citizens.
May 28, 2020 2:56 PM
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BRP's CEO hopes 'staycations' will boost sales of Sea-Doos and off-road vehicles
Sea-Doo maker BRP Inc. is facing a rough ride after the COVID-19 pandemic sank profits last quarter, with the company scrambling to cut costs while ramping up production following factory shutdowns.
May 28, 2020 2:29 PM
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'Broken eggshells' and 'Star Trek finance': Banks warn of COVID-19 headwinds
TORONTO — Slashed interest rates and a widespread economic shutdown ate into second-quarter profits at Canada's major banks, with financial institutions saying deep wells of cash are needed to protect themselves from the impact of the COVID-19 pandem
May 28, 2020 1:51 PM
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Simon & Schuster names Jonathan Karp as new CEO
NEW YORK — Jonathan Karp, who has worked with authors ranging from Sen. Edward Kennedy to Susan Orlean, has been named the new CEO of Simon & Schuster. He replaces Carolyn Reidy, who died two weeks ago.
May 28, 2020 1:32 PM
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Air Canada increases size of financing deal to roughly $1.4 billion
MONTREAL — Air Canada has increased the size of a financing deal announced earlier this week to roughly $1.4 billion as it works to bolster its coffers to deal with the pandemic. The company says the shares in the offering have been priced at $16.
May 28, 2020 11:04 AM
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Pending home sales plunged 21.8% in April on a monthly basis
BALTIMORE — April had a record collapse in Americans signing contracts to buy homes, a reflection of the broader shutdown of economic activity in response to the coronavirus outbreak.
May 28, 2020 8:06 AM
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How to put 'found money' generated from pandemic savings to good use
CALGARY — An elevator salesman in Calgary says two months of working from his house in the northwest part of the city have convinced him there's no place like home to conduct business.
May 28, 2020 8:00 AM
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Irving to buy North Atlantic Refining including refinery in Come By Chance, N.L.
SAINT JOHN, N.B. — Irving Oil has signed a deal to buy North Atlantic Refining Corp., including a refinery in Come By Chance, N.L., from U.S. investment firm Silverpeak.
May 28, 2020 7:54 AM
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CIBC reports $392-million Q2 profit, down from $1.35 billion a year ago
TORONTO — Canadian Imperial Bank of Commerce took a nearly $1-billion hit to its second-quarter profit as its provisions for credit losses soared due to the pandemic and the plunge in oil prices.
May 28, 2020 7:51 AM
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