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Suncor loss reaches $3.5 billion on asset impairments due to low oil prices

Suncor loss reaches $3.5 billion on asset impairments due to low oil prices

CALGARY — Suncor Energy Inc. is reporting a first-quarter net loss of $3.525 billion mainly due to asset impairments linked to low oil prices, compared with net earnings of $1.47 billion in the same quarter of last year.
Airbnb laying off 1,900 employees due to travel decline

Airbnb laying off 1,900 employees due to travel decline

Airbnb says it is laying off 25% of its workforce as it confronts a steep decline in global travel due to the new coronavirus pandemic.
Mortgage, housing agency says home prices won't recover from COVID for years

Mortgage, housing agency says home prices won't recover from COVID for years

TORONTO — Canada Mortgage and Housing Corp. officials said Tuesday they expect real estate prices won't return to pre-recession levels until late 2022 at the earliest.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (14,811.56, up 66.52 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Up 3.5 cents, or 7.07 per cent, to 53 cents on 17.
Toronto stock market moves higher while crude oil rises for fifth straight day

Toronto stock market moves higher while crude oil rises for fifth straight day

TORONTO — Technology and utilities led Canada's main stock index higher Tuesday while the price of crude rose for a fifth-straight day. Shopify Inc.
Enbridge converts idled Mainline export system pipeline for crude storage

Enbridge converts idled Mainline export system pipeline for crude storage

CALGARY — Analysts say an Enbridge Inc. plan to use an idled leg of its Mainline pipeline system to store surplus Western Canadian oil will help offset lower volumes on the system as U.S. refineries buy less oil to match lower demand.
Restaurants make reopening plans as COVID-19 restrictions start to ease

Restaurants make reopening plans as COVID-19 restrictions start to ease

VANCOUVER — After a roughly seven-week hiatus from serving coffee, Vancouver's Pallet Coffee Roasters over the next week will reopen five of its cafes in an uncertain environment.
SNC-Lavalin says Kevin Lynch plans to step down as board chair

SNC-Lavalin says Kevin Lynch plans to step down as board chair

MONTREAL — SNC-Lavalin Goup Inc. says Kevin Lynch plans to step down as chair of the board of directors once a successor has been chosen by the board.
Saskatchewan businesses have questions about protection as economy reopens

Saskatchewan businesses have questions about protection as economy reopens

REGINA — Kara Firman should be able open her Saskatoon hair salon in two weeks, but right now she says she won't.
George Weston Ltd. reports Q1 profit compared with loss a year ago

George Weston Ltd. reports Q1 profit compared with loss a year ago

The parent company of baked-goods manufacturer Weston Foods saw sales from food service clients, such as restaurants, slashed in half amid dining room closures as governments work to contain the COVID-19 pandemic.