National Business

TORONTO — Canada's main stock index resumed its climb in a broad-based rally despite another drop in crude oil prices since the U.S. brokered a supply cut deal.

ST. JOHN'S, N.L. — Newfoundland and Labrador's premier says the province's food supply is not at risk after a major shipping company suggested shipments to the island could be reduced due to the pandemic.

Johnson & Johnson, anticipating significant impact from the COVID-19 pandemic, slashed its 2020 sales forecast by billions of dollars and cut its profit expectations by about 15%. It's one of the first major U.S.

NEW YORK — Wells Fargo's profits plunged nearly 90% in the first quarter as the bank set aside billions of dollars in preparation for consumers and businesses defaulting on loans due to the coronavirus pandemic.

TORONTO — Companies with mines in Quebec are moving to restart suspended operations after the province announced Monday it would redesignate mining, residential construction, auto mechanics and landscaping operations as essential services starting We

As the COVID-19 pandemic started to spread, Tim Hortons reviewed its advertising plans and decided they no longer made sense as store closures, wide-scale layoffs and physical distancing upended life in Canada.

WASHINGTON — Beaten down by the coronavirus outbreak, the world economy in 2020 will suffer its worst year since the Great Depression of the 1930s, the International Monetary Fund says in its latest forecast.

Two McDonald’s workers in Florida are filing a $500 million class action lawsuit against the company, claiming a “systemic sexual harassment problem” at company-owned stores.

MONTREAL — The Quebec government has declared that home builders, miners and landscapers provide essential services and can return to work despite COVID-19 restrictions that have brought much of the economy to a halt.

CALGARY — Canadian oil wells will continue to be shut down amid weak global oil prices despite an agreement to limit production struck by OPEC and other major producers on the weekend, producers say.