Skip to content
live

National Business

Unemployment soars to 17% as gov says virus crisis easing

The coronavirus pandemic that forced the shutdown of businesses across Rhode Island sent the state’s unemployment rate soaring to 17% in April, the state Department of Labor and Training announced Thursday. That’s up from 4.7% in March and 3.
Unsold book returns in coming weeks could be another blow for publishers

Unsold book returns in coming weeks could be another blow for publishers

As publishers try to deal with the massive disruption to the book industry in the wake of the COVID-19 pandemic, many are bracing for another big blow that could arrive over the coming weeks as more retailers open their doors.
New Brunswick forecasts nearly $300 million deficit as result of COVID-19

New Brunswick forecasts nearly $300 million deficit as result of COVID-19

FREDERICTON — The New Brunswick government is now forecasting a deficit of $299 million dollars for 2020-21, instead of the $92 million surplus it projected when it released its budget this spring.
Sturgeon Refinery says it is processing bitumen after two years of delays

Sturgeon Refinery says it is processing bitumen after two years of delays

CALGARY — The operators of the $9.7-billion Sturgeon Refinery say it is now processing oilsands bitumen as designed after two years of delays blamed mainly on equipment failures.
Canada Goose cuts 125 staff, L Brands closing some Victoria's Secret stores

Canada Goose cuts 125 staff, L Brands closing some Victoria's Secret stores

More retailers have announced layoffs and store closures at their Canadian operations as they continue to grapple with the impacts of the COVID-19 pandemic. Canada Goose Holdings Inc. announced Wednesday it would lay off 125 employees, or about 2.
'Immense amount of pain' predicted for Canadian oilfield services sector

'Immense amount of pain' predicted for Canadian oilfield services sector

CALGARY — Canada's oilfield services sector is in for "an immense amount of pain" over at least the next year thanks to low North American oil and gas exploration activity amid a worldwide glut of cheap crude, according to a report from CIBC.
Heroux-Devtek to focus on defence because of COVID-19 hit to commercial aviation

Heroux-Devtek to focus on defence because of COVID-19 hit to commercial aviation

MONTREAL — Landing gear manufacturer Heroux-Devtek Inc. intends to focus on the defence side of its business to overcome a slow recovery expected in commercial aviation due to COVID-19.
News executive, ex-US Rep William Keating remembered warmly

News executive, ex-US Rep William Keating remembered warmly

CINCINNATI — Bill Keating is remembered widely as gentlemanly, considerate and modest. Underneath that genial exterior was a fiercely competitive and driven athlete, lawyer, politician and news executive. He was highly successful in all those fields.
Safety board says rules are 'too complex' to stop bad-weather plane landings

Safety board says rules are 'too complex' to stop bad-weather plane landings

DORVAL, Que. — Canada's Transportation Safety Board is calling on the federal government to simplify its rules around airplane landings to prevent approaches in poor visibility.
US existing home sales plunge 17.8% in April

US existing home sales plunge 17.8% in April

WASHINGTON — Sales of existing homes plunged 17.8% in April with the real estate market still in the grips of the coronavirus pandemic.
Rogers Sports & Media
2001 Thurston Drive Ottawa, ON, K1G 6C9
© 2006-2022 Rogers Sports & Media. All rights reserved.
push icon
Be the first to read breaking stories. Enable push notifications on your device. Disable anytime.
No thanks