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National Business
Oilsands production expected to rebound after pandemic-linked 2020 slump
CALGARY — A new report predicts Canadian oilsands production will have its biggest annual decline on record this year, dropping by an average of nearly 175,000 barrels per day due to issues associated with the COVID-19 pandemic.
Jul 28, 2020 1:40 PM
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Pipeline owner fined for unsafe incident near GO tracks in Greater Toronto
CALGARY — The Canada Energy Regulator is fining Trans-Northern Pipelines $40,000 for an incident near a commuter train line in Greater Toronto that resulted in damage to a pipeline transporting gasoline.
Jul 28, 2020 1:11 PM
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Malaysian ex-PM Najib given 12 years in jail in 1MDB scandal
KUALA LUMPUR, Malaysia — A Malaysian court sentenced former Prime Minister Najib Razak to serve 12 years in prison on Tuesday after finding him guilty in the first of several corruption trials linked to the multibillion-dollar looting of the 1MDB sta
Jul 28, 2020 1:02 PM
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In reversal, CES gadget show won't be in-person after all
NEW YORK — CES, one of the world’s biggest technology conferences, will be a virtual event in January due to the coronavirus pandemic, a reversal from May when organizers said it would go on as a smaller gathering in Las Vegas.
Jul 28, 2020 1:01 PM
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George Weston loses $255 million in second quarter on COVID-related costs
TORONTO — George Weston Ltd. recorded a $255-million loss in its latest quarter despite boost in revenue as the ongoing COVID-19 pandemic significantly impacted its three operating arms.
Jul 28, 2020 12:45 PM
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RBC agrees to buy electricity from new southern Alberta solar power farm project
CALGARY — The Royal Bank of Canada says it is the first Canadian bank to sign a long-term renewable energy power purchase agreement, a deal which will support development of a 39-megawatt, $70-million solar project in southern Alberta.
Jul 28, 2020 11:21 AM
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Sneaker aficionados look to get in on lucrative trade of rare kicks
TORONTO — Mario Ruiz started collecting vintage clothing and hard-to-find shoes in Grade 7 before hawking his wares from his high school locker at a profit.
Jul 28, 2020 10:53 AM
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S&P CoreLogic Case-Shiller: US home prices rose 3.7% in May
WASHINGTON — U.S. home prices grew more slowly in May, but continued to show resilience in the face of the coronavirus outbreak. The S&P CoreLogic Case-Shiller 20-city home price index rose 3.7% in from a year earlier. That's a drop from the 3.
Jul 28, 2020 9:32 AM
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West Fraser beats expectations as second quarter turns positive despite COVID-19
VANCOUVER — West Fraser Timber Co. Ltd. beat expectations as it earned $48 million in its latest quarter despite lower revenues.
Jul 28, 2020 7:51 AM
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Experimental COVID-19 vaccine is put to its biggest test
The biggest test yet of an experimental COVID-19 vaccine got underway Monday with the first of some 30,000 Americans rolling up their sleeves to receive shots created by the U.S. government as part of the all-out global race to stop the pandemic.
Jul 27, 2020 8:28 PM
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