National Business

CALGARY — Western Canadian producers are moving to restore some oil production as crude prices rise with demand thanks to the gradual opening of the world economy and OPEC and Russian output cuts.

OTTAWA — The Canadian Ferry Association says BC Ferries is bleeding cash, with losses of up to $1.5 million per day as the COVID-19 pandemic continues to take a toll on ridership.

The Quebec government is coming to the rescue of Cirque du Soleil, announcing a loan of up to US$200 million as part of an agreement that could eventually see the province take over the live entertainment giant now walking a financial tightrope.

TORONTO — A stock market crash in March due to the COVID-19 pandemic took a bite out of Canada Pension Plan Investment Board's returns for 2020 but other types of assets performed well during the same downturn, CPPIB chief executive Mark Machin said

VANCOUVER — Among the many changes that returning customers to Hatz Hair Studio in North Vancouver may notice is a $5 charge on their bill to help offset costs associated with operating during the coronavirus.

TORONTO — COVID-19 weighed down Bank of Nova Scotia's second quarter, causing its profit to plunge and the company to increase its reserves to cover bad loans. The Toronto-based bank reported Tuesday a profit of $1.

LONDON — Dominic Cummings helped Boris Johnson win power by pitting the people against the elite. Johnson’s Conservative administration has branded itself “the People’s Government.

BANGKOK — Latam Airlines, South America’s biggest carrier, sought U.S. bankruptcy protection Tuesday as it grapples with a sharp downturn in air travel sparked by the coronavirus pandemic.

TORONTO — A survey of Canadian manufacturers shows a widespread drop in output as demand falls during the COVID-19 pandemic with no quick rebound in sight.

BALTIMORE — U.S. new home sales ticked up 0.6% in April, a surprising gain amid the coronavirus outbreak that hints at the relative health of potential buyers.