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Why prospect of deflation could pose a threat to US economy

Why prospect of deflation could pose a threat to US economy

WASHINGTON — The economic paralysis caused by the coronavirus led in April to the steepest month-to-month fall in U.S. consumer prices since the 2008 financial crisis — a 0.8% drop that was driven by a plunge in gasoline prices.
India's prime minister announces huge virus relief package

India's prime minister announces huge virus relief package

NEW DELHI — Indian Prime Minister Narendra Modi announced Tuesday that the government will spend more than $260 billion, the equivalent of nearly 10% of the country's GDP, on a coronavirus economic relief package designed to make the world's second m
Canopy Growth says two top executives have left the cannabis firm

Canopy Growth says two top executives have left the cannabis firm

SMITHS FALLS, Ont. — Canopy Growth Corp. says two of its top executives have left the company. The Smiths Falls, Ont.
WestJet cancels most flights until July due to COVID-19 pandemic

WestJet cancels most flights until July due to COVID-19 pandemic

CALGARY — WestJet Airlines Ltd. is extending its suspension of thousands of flights by another four weeks until July 4 due to the COVID-19 pandemic. The Calgary-based carrier is halting all U.S.
Elon Musk becomes champion of defying virus stay-home orders

Elon Musk becomes champion of defying virus stay-home orders

Tesla CEO Elon Musk has emerged as a champion of defying stay-home orders intended to stop the coronavirus from spreading, picking up support — as well as critics — on social media.

Canadian Olympic Committee, Fasken law firm agree to five-year partnership

TORONTO — The Canadian Olympic Committee and law firm Fasken have entered into a five-year agreement.
High Liner Foods first-quarter profit edged lower compared with year ago

High Liner Foods first-quarter profit edged lower compared with year ago

LUNENBURG, N.S. — High Liner Foods Inc. reported a profit of US$14.2 million in its latest quarter as it saw a surge in demand from retail customers, but a drop in its food-service business as the COVID-19 pandemic took hold.
Resolute Forest Products reports US$1-million first-quarter loss

Resolute Forest Products reports US$1-million first-quarter loss

MONTREAL — Resolute Forest Products Inc. reported a loss of US$1 million in its latest quarter compared with a profit of US$42 million in the same quarter last year as its revenue fell.
TransAlta reports $27M first-quarter profit compared with a loss a year ago

TransAlta reports $27M first-quarter profit compared with a loss a year ago

CALGARY — TransAlta Corp. earned a profit of $27 million in its latest quarter compared with a loss a year ago, helped by strong earnings from its U.S. coal operations and its wind and solar business.
TMX Group reports Q1 profit and revenue up from year ago as trading surged

TMX Group reports Q1 profit and revenue up from year ago as trading surged

TORONTO — TMX Group Ltd. reported its first-quarter profit and revenue grew compared with a year ago as stock trading surged in volatile markets caused by the COVID-19 pandemic.
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