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Cenovus spending cut expected to set trend as sector adjusts to oil prices

Cenovus spending cut expected to set trend as sector adjusts to oil prices

CALGARY — Forecasts for a stand-pat year for drilling in 2020 in the Canadian oilpatch are up in the air following an oil price crash Monday linked to a dispute between Russia and Saudi Arabia over oil production cuts.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (14,958.09, up 443.85 points.) Baytex Energy Corp. (TSX:BTE). Energy. Up one cent, or 1.59 per cent, to 64 cents on 23 million shares.
Manitoba government to cut payroll tax in Wednesday's budget

Manitoba government to cut payroll tax in Wednesday's budget

WINNIPEG — The Manitoba government is easing its so-called payroll tax in order to be more competitive with Alberta, Saskatchewan and other provinces that don't have the levy.
NewsAlert: Air Canada halts all flights to Italy amid coronavirus lockdown

NewsAlert: Air Canada halts all flights to Italy amid coronavirus lockdown

MONTREAL — Air Canada is suspending flights to and from Italy, saying the decision was prompted by Italian regulations and "ongoing health and safety concerns" related to the outbreak of a novel coronavirus.
Nygard to restructure and seek protection amid sex crime claims and lawsuits

Nygard to restructure and seek protection amid sex crime claims and lawsuits

After a string of sexual crime allegations and legal troubles that have ensnared its founder, The Nygard Group of Companies is facing its latest challenge: a corporate restructuring.
Consider what you need if you are thinking about taking on a side hustle

Consider what you need if you are thinking about taking on a side hustle

TORONTO — Sara McIntyre started her side business by accident. The Toronto-based law clerk had been making soaps in her spare time as a hobby.
Nova Scotia sends 'test' lobster shipment to China after month with no market

Nova Scotia sends 'test' lobster shipment to China after month with no market

HALIFAX — Nova Scotia's lobster industry has taken a tentative step aimed at reopening its crucial export market in China.
Global markets pick up after plunge on virus, oil

Global markets pick up after plunge on virus, oil

BEIJING — Global stock markets rebounded Tuesday from record-setting declines after U.S. President Donald Trump said he would ask Congress for a tax cut and other measures to ease the pain of the spreading coronavirus outbreak.
Politics playing a big role as minority Tory government delivers N.B. budget

Politics playing a big role as minority Tory government delivers N.B. budget

FREDERICTON — The New Brunswick government tables its 2020-2021 provincial budget today, but the focus for most people will be more on the politics than the finances.
Thailand's CP Group buying Tesco's Thai, Malaysian stores

Thailand's CP Group buying Tesco's Thai, Malaysian stores

BANGKOK — British supermarket chain Tesco has agreed to a $10.6 billion deal to sell all its stores in Thailand and Malaysia to companies belonging to the CP Group, Thailand's biggest conglomerate.