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Oil price crash: What it means for Canada

Oil price crash: What it means for Canada

CALGARY — World oil prices are in free fall after Saudi Arabia slashed its crude sale price Sunday, signalling the start of a price war after OPEC talks with Russia broke down without an agreement on production cuts.
Ensign Energy Services reports Q4 loss, stock plunges as oil markets roil

Ensign Energy Services reports Q4 loss, stock plunges as oil markets roil

CALGARY — Shares in drilling company Ensign Energy Services Inc. plunged by as much as 40 per cent on Monday amid a worldwide oil price and stock market crash. The company, which reported a loss of $71.6 million in the fourth quarter ended Dec.
Stop work order partially lifted at Cape Breton's Donkin coal mine

Stop work order partially lifted at Cape Breton's Donkin coal mine

DONKIN, N.S. — Nova Scotia's Labour Department says a stop work order has been partially lifted at the Donkin coal mine in Cape Breton. Production was shut down Feb.
Annual pace of housing starts in February slowed compared with January

Annual pace of housing starts in February slowed compared with January

OTTAWA — The annual pace of housing starts fell in February compared with January, but still came in stronger than economists had expected. Canada Mortgage and Housing Corp.

Juul Labs sought to court AGs as teen vaping surged

WASHINGTON — It was a blunt warning about the dangers of youth vaping: Georgia Attorney General Chris Carr announced late last month that his state had joined 38 others to investigate whether Juul Labs, the nation’s largest electronic cigarette compa
Business software firm Open Text buys Montreal-based XMedius for $75 million

Business software firm Open Text buys Montreal-based XMedius for $75 million

WATERLOO, Ont. — Business software company OpenText has acquired XMedius, a provider of secure file exchange and communication, for $75 million in cash.
Italy quarantines north in drastic bid to slow virus spread

Italy quarantines north in drastic bid to slow virus spread

ROME — Italy took a page from China’s playbook Sunday, attempting to lock down 16 million people — more than a quarter of its population — for nearly a month to halt the relentless march of the new coronavirus across Europe.
Canada's airline duopoly leaves low-cost carriers and flyers feeling shut out

Canada's airline duopoly leaves low-cost carriers and flyers feeling shut out

MONTREAL — As a new virus wreaks havoc on the global travel industry, aviation upstarts in Canada have their radar trained on a more entrenched set of challenges.

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: Housing starts Canada Mortgage and Housing Corp. will release its preliminary housing start data for February on Monday.
21 positive for coronavirus on cruise ship off California

21 positive for coronavirus on cruise ship off California

SAN FRANCISCO — Twenty-one people aboard a mammoth cruise ship off the California coast tested positive for the new coronavirus and 19 of them are crew members, Vice-President Mike Pence announced Friday, amid evidence the vessel was the breeding gro