Skip to content

National Business

Record surge in oil prices pushes TSX high; U.S. markets also move higher

Record surge in oil prices pushes TSX high; U.S. markets also move higher

TORONTO — A record surge in crude oil prices pushed Canada's main stock index higher after some recent extreme volatility in response to COVID-19.
Project deferral, oil prices troubling for N.L. economy during pandemic

Project deferral, oil prices troubling for N.L. economy during pandemic

ST. JOHN'S, N.L. — The global COVID-19 pandemic is spelling trouble for Newfoundland and Labrador's oil and gas industry, adding to existing economic challenges in the cash-strapped province.
Investment watchdogs warn of COVID-19 fraud schemes, ask Canadians to report them

Investment watchdogs warn of COVID-19 fraud schemes, ask Canadians to report them

TORONTO — Canada's stock market regulators warned investors on Thursday to be wary of companies that claim to have products or services that will prevent, detect or cure the coronavirus infection.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (12,170.52, up 449.10 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Up three cents, or 6.67 per cent, to 48 cents on 22.

Producers advised to spend nothing on drilling as oil price hovers at US$25

CALGARY — World oil prices have fallen so low that producers in Canada are being advised not to spend any money on drilling and, in some cases, to stop producing crude oil from existing wells. Benchmark U.S.
Agnico Eagle sends Nunavut mine workers home to guard against COVID-19 spread

Agnico Eagle sends Nunavut mine workers home to guard against COVID-19 spread

TORONTO — Agnico Eagle Mines Ltd.
Reducing liquor store hours could undermine containment efforts: epidemiologists

Reducing liquor store hours could undermine containment efforts: epidemiologists

Cutting liquor store hours amounts to a half-measure that could undermine efforts to contain COVID-19, epidemiologists say.

Hotel Association of Canada warns of impact of COVID-19 on business

OTTAWA — The Hotel Association of Canada is warning that the industry is going to be devastated as travel comes to a halt in a bid to slow the spread of COVID-19. The association says the hotel industry business has crashed over the past 10 days.
In response to virus, Bank of England cuts main rate to 0.1%

In response to virus, Bank of England cuts main rate to 0.1%

LONDON — The Bank of England slashed its main interest rate to 0.1%, the lowest level since its founding in 1694, and reactivated a bond-buying stimulus program to cushion against the economic shock of the coronavirus pandemic.
Some Canadian companies embarking on hiring sprees amid COVID-19 layoffs

Some Canadian companies embarking on hiring sprees amid COVID-19 layoffs

TORONTO — While scores of Canadian employers have been laying off workers across the country amid an outbreak of novel coronavirus, Cherif Habib has been doing the exact opposite.