National Business

CALGARY — Precision Drilling Corp. says it is reducing staff, cutting salaries and lowering its capital spending plan in response to the COVID-19 pandemic and current market conditions.

WASHINGTON — Top congressional and White House officials emerged from grueling negotiations at the Capitol over the nearly $2 trillion coronavirus rescue package saying they expected to reach a deal Tuesday.

SASKATOON — Hundreds of employees are being sent home in northern Saskatchewan as Cameco Corp. suspends production at its Cigar Lake uranium mine and partner Orano Canada Inc. closes its affiliated McClean Lake uranium mill.

VICTORIA — British Columbia will spend $5 billion to help individuals, businesses and services endure the economic stresses of the COVID-19 pandemic, Premier John Horgan said Monday.

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (11,228.49, down 632.32 points.) Aurora Cannabis Inc. (TSX:ACB). Health care. Down five cents, or 4.

TORONTO — Higher crude and gold prices couldn't help Canada's main stock index from sinking to start the trading week as heightened COVID-19 fears continued to grip investors.

MONTREAL — A $1-billion deal to combine two Montreal companies with West African gold mining operations was met with sharply divergent reactions from their shareholders on Monday. Stock in Endeavour Mining Corp. closed at $20.05, down $1.60 or 7.

TORONTO — Cole Miller has spent most of his days since 2017 excited about the launch of the Basecamp cannabidiol iced tea he was crafting, but as he visited Ontario cannabis retailers to encourage them to up the number of cases they would stock for i

TORONTO — The company that runs the Toronto Stock Exchange and the TSX Venture Exchange is moving to loosen some rules to help listed companies as they deal with the COVID-19 pandemic. TMX Group Ltd.

Canadian airports are confronting the prospect of $2 billion in losses over the next few months as borders shut and planes stay parked due to the COVID-19 pandemic.