NEW YORK (Reuters) - Global equity benchmarks gained on Thursday following signs that governments and central banks are taking additional steps to bolster their economies as measures to slow the spread of the COVID-19 pandemic appear to be working. Oil futures surged again on expectations that Russia and OPEC countries were prepared to cut [...]
WASHINGTON (Reuters) - U.S. Treasury Secretary Steven Mnuchin said on Thursday that the American economy could start to reopen for business in May, despite many medical experts saying that closures and social distancing measures will need to stay in place for longer to defeat the coronavirus. Asked on CNBC whether he thought President Donald [...]
TORONTO/OTTAWA (Reuters) - Many Canadian small businesses reeling from losses due to the coronavirus outbreak may be ineligible for federal government and bank aid designed to help them survive, industry experts say, with several already shuttered or rapidly running out of cash. The measures include a number of government-backed loan options for small businesses, [...]
(Reuters) - Canadian Natural Resources Ltd (CNQ.TO), Canada’s biggest oil producer, would support any commitment by the federal government to cut oil production as long as it was applied fairly to the industry, company president Tim McKay said on Wednesday. “We supported curtailments here in Alberta to help balance the market when you have [...]
TORONTO (Reuters) - The Canadian dollar weakened against its U.S. counterpart on Wednesday, giving back some of the previous day’s gains as domestic housing data showed signs of economic damage from the coronavirus outbreak. Canadian housing starts fell 7.3% in March from the previous month in a sign that the coronavirus outbreak began to [...]
OTTAWA _ Canada has ordered 30,000 new ventilators from domestic companies but Prime Minister Justin Trudeau said Tuesday he is hoping we don't end up needing nearly that many. Federal officials also said more than 230 million surgical masks and 75 million N95 respirator masks have been ordered but cautioned the global supply chain [...]
France is facing its deepest recession since the end of World War II because of the widespread lockdown to stem the coronavirus crisis, Finance Minister Bruno Le Maire warned today. "The worst growth figure in France since 1945 was -2.2% in 2009, after the financial crisis of 2008. We will probably be very far [...]
VICTORIA — B.C. dairy farmers have begun dumping out raw milk on their farms— despite rising demand and sales — because of problems getting the milk into the supply chain and to grocery stores during the COVID-19 pandemic. The B.C. Dairy Association confirmed to Postmedia News on Monday that B.C. farmers have been disposing [...]
VANCOUVER — A group of British Columbia First Nations says it will appeal a decision on the the Trans Mountain pipeline expansion project to the Supreme Court of Canada. The Squamish Nation, Tsleil-Waututh Nation and Coldwater Band say they have fought and challenged the project through every federal court, and now want to take [...]
BILLINGS, Mont. (AP) — A Canadian company said Monday that it’s started construction on the long-stalled Keystone XL oil sands pipeline across the U.S.-Canada border, despite calls from tribal leaders and environmentalists to delay the $8 billion project amid the coronavirus pandemic. A spokesman for TC Energy said work began over the weekend at [...]