Skip to content

National Business

World hungry for Canadian grain amid pandemic, with shipments abroad rising

Canadian grain is in high demand as shippers try to feed a growing appetite from mills and governments seeking to shore up staple reserves amid the COVID-19 pandemic.
TC Energy enlists Alberta to help build US$8-billion Keystone XL project

TC Energy enlists Alberta to help build US$8-billion Keystone XL project

CALGARY — A final investment decision on Tuesday clearing the way for construction of the long-delayed Keystone XL Pipeline was greeted with relief by an Alberta oilpatch where production has outgrown pipeline capacity.
Stocks drift, still headed to worst quarter since 2008

Stocks drift, still headed to worst quarter since 2008

NEW YORK — Stocks are headed lower in subdued trading Tuesday, a rare calm day in what is likely to be Wall Street's worst quarter of performance since the 2008 financial crisis.

RBC expects home sales to dive 30%, prices to decline because of outbreak

TORONTO — Canada's housing market could see a significant pullback this year because of the COVID-19 pandemic, but could rebound next year, a report by RBC says.

Ontario Teachers' earned 10.4 net return last year as assets reach $207.4B

TORONTO — The Ontario Teachers' Pension Plan Board says it earned a net return of 10.4 per cent last year with net assets reaching $207.4 billion. The pension fund manager says its investment income reached a record $20.2 billion as of Dec. 31.
US death toll from the virus eclipses China's official count

US death toll from the virus eclipses China's official count

NEW YORK — The U.S.
Mother sentenced to 7 months in college admissions scam

Mother sentenced to 7 months in college admissions scam

BOSTON — A California woman was sentenced Tuesday to seven months in prison for paying bribes to rig her two daughters' college admissions exams and get one of them into Georgetown University as a fake tennis recruit.
Cannabis company CannTrust Holdings obtains CCAA protection from creditors

Cannabis company CannTrust Holdings obtains CCAA protection from creditors

VAUGHAN, Ont. — CannTrust Holdings Inc. says it has obtained protection from creditors under the Companies' Creditors Arrangement Act as it works resolve issues related the suspension of its licenses to produce and sell cannabis.
Energy sector leads rally in Toronto, U.S. markets also trade higher

Energy sector leads rally in Toronto, U.S. markets also trade higher

TORONTO — The energy sector led a broad-based rally in Toronto as Canada's main stock index surged higher in late-morning trading, while U.S. stock markets posted more modest gains. The S&P/TSX composite index up 431.51 points at 13,470.01.

Imperial Oil cutting spending plans for 2020 by $1 billion

CALGARY — Imperial Oil Ltd. is reducing its spending for this year by $1 billion, including a $500-million cut to its capital spending plan as it deals with the COVID-19 pandemic and crash in oil prices.