Alberta premier says all options on table to fight oil price collapse

Alberta premier says all options on table to fight oil price collapse
Alberta Premier Jason Kenney says his government will do whatever it takes to rescue the province from an oil price collapse and he wants the federal government to step up as well. “This is not just about Alberta. As Alberta goes, so goes the national economy,” Kenney said in Calgary on Monday, after markets closed with cratering oil prices threatening to drain billions... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (14,514.24, down 1,660.78 points). Cenovus Energy Inc. (TSX:CVE). Energy. Down $4.08, or 51.65 per cent, to $3.82 on 22.7 million shares. MEG Energy Corp. (TSX:MEG). Energy. Down $3.10, or 55.56 per cent, to $2.48 on 18.8 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Down three cents,... Read More

Stop work order partially lifted at Cape Breton’s Donkin coal mine

Stop work order partially lifted at Cape Breton’s Donkin coal mine
DONKIN, N.S. — Nova Scotia’s Labour Department says a stop work order has been partially lifted at the Donkin coal mine in Cape Breton. Production was shut down Feb. 13 after a rockfall in an area of the mine that saw another roof collapse two weeks earlier. There were no injuries reported in either incident, which occurred at an intersection between... Read More

North American stock markets suffer meltdown prompted by collapsing oil price

North American stock markets suffer meltdown prompted by collapsing oil price
TORONTO — North American stock markets suffered their worst meltdown since the global financial crisis as a collapse in oil prices triggered a plunge in the energy sector and prompted the loonie to take a dive. The S&P/TSX composite index sank as much as 10 per cent in early Monday trading to hit a 14-month low. It lost 7.9 per cent or 1,283.94 points... Read More

Oil price crash: What it means for Canada

Oil price crash: What it means for Canada
CALGARY — World oil prices are in free fall after Saudi Arabia slashed its crude sale price Sunday, signalling the start of a price war after OPEC talks with Russia broke down without an agreement on production cuts. The threat of increased crude supply, on top of prices already weakened over fears the global outbreak of a novel coronavirus would lead to lower fuel consumption, triggered the... Read More

Feds told to ease EI, use tax credits in spending to ease COVID-19 economic shock

Feds told to ease EI, use tax credits in spending to ease COVID-19 economic shock
OTTAWA — The Trudeau Liberals are being urged to ease access to federal sick leave benefits, along with tax credits and other breaks, to help workers and businesses deal with the economic impacts of the novel coronavirus outbreak. The ideas being floated to the government are intended to help employees who feel they might not be able to afford to stay... Read More

Alberta economy, reeling from coronavirus, takes gut punch due to oil price war

Alberta economy, reeling from coronavirus, takes gut punch due to oil price war
Alberta’s oil-based economy, already reeling by reduced demand due to the novel coronavirus, is now getting a gut punch from global prices. The spiral of oil prices has accelerated due to an all-out price war between Saudi Arabia and Russia. The price for West Texas Intermediate crude has fallen to US$32 a barrel, down more than $8 from Friday’s close and $26 lower than... Read More

Food delivery services brace for COVID-19 with non-contact options and sanitizer

Food delivery services brace for COVID-19 with non-contact options and sanitizer
TORONTO — Food delivery companies operating in Canada are undertaking a handful of precautions amid an outbreak of a novel form of coronavirus. Non-contact drop-offs are coming next week to the Chanmao Inc. food delivery service, which operates in the Greater Toronto Area, Waterloo, Hamilton, Halifax, Edmonton and Winnipeg. Customers will be able to have their orders left at front desks, with building security or on a doorstep in... Read More

Virus closes sites around the world; stocks, oil prices sink

Virus closes sites around the world; stocks, oil prices sink
SOAVE, Italy — Anxiety over the new coronavirus epidemic sent global stock markets and oil prices plunging Monday, touched off prison riots in Italy and caused a cascading shutdown of sites and events ranging from Saudi schools to a Holocaust march. While many of Beijing’s white-collar workers returned to work as new cases of infection subsided in China, some 16... Read More

Juul Labs sought to court AGs as teen vaping surged

Juul Labs sought to court AGs as teen vaping surged
WASHINGTON — It was a blunt warning about the dangers of youth vaping: Georgia Attorney General Chris Carr announced late last month that his state had joined 38 others to investigate whether Juul Labs, the nation’s largest electronic cigarette company, promoted and sold its nicotine-heavy products to teens. It was a moment Juul had worked to avoid. Ten months earlier,... Read More