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Plunging oil prices point to 'deep collapse' in sector, drilling firm CEO warns

Plunging oil prices point to 'deep collapse' in sector, drilling firm CEO warns

CALGARY — The CEO of one of Canada's largest drilling rig contractors says plunging North American crude prices on Monday and Tuesday are signs that the oil industry is headed for a "deep, deep collapse." On Tuesday, U.S.
Global stock markets fall as crude oil prices plunge for a second day

Global stock markets fall as crude oil prices plunge for a second day

TORONTO — Global stock markets fell in a broad-based decline as crude oil prices sank to their lowest level in more than two decades on heightened supply concerns.
GM shuts down Maven car share service in all markets including Toronto

GM shuts down Maven car share service in all markets including Toronto

TORONTO — General Motors says it has permanently shut down its Maven car sharing service in all markets including Toronto after suspending operations in March due to the COVID-19 outbreak.
Beef ranchers to bear the brunt of Alberta processing plant closure due to COVID-19

Beef ranchers to bear the brunt of Alberta processing plant closure due to COVID-19

The temporary closure of an Alberta meat processing facility due to a COVID-19 outbreak isn't expected to result in beef shortages, but the reduction in capacity will mean that ranchers will bear the brunt as their costs rise and prices for their pro
Concert special, Jordan doc entice homebound TV viewers

Concert special, Jordan doc entice homebound TV viewers

NEW YORK — Lady Gaga, Michael Jordan and the remote Rolling Stones provided television entertainment over the weekend for millions of Americans homebound because of the coronavirus.
Coke volume plunges 25% in April; hope for a 2nd half bounce

Coke volume plunges 25% in April; hope for a 2nd half bounce

Coca-Cola's global volume tumbled 25% in April as the coronavirus pandemic gripped large swaths of the world population.
Air Canada suspends flights to U.S. after extension of border closure

Air Canada suspends flights to U.S. after extension of border closure

MONTREAL — Air Canada says it will cancel all flights to the U.S. after Ottawa extended its border closure with the United States by 30 days.
Teck Resources takes $312 million loss on writedown of oilsands mine stake

Teck Resources takes $312 million loss on writedown of oilsands mine stake

Measures taken to deal with the COVID-19 pandemic and low commodity prices are being blamed by Teck Resources Ltd. for a first-quarter loss attributable to shareholders of $312 million.

Ontario court dismisses PETA application over takedown of anti-Canada Goose ads

TORONTO — An Ontario court dismissed an application for a judicial review by an animal welfare organization who said its right to free expression were violated when its anti-Canada Goose ads were taken down in Toronto.
Steadier prices no cure for Western Canada's natural gas producer woes

Steadier prices no cure for Western Canada's natural gas producer woes

CALGARY — Stronger and more stable natural gas prices in the wake of North American oil production cuts are offering hope for better times to some gas producers but haven't changed Keyera Corp.
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