Report sounds alarm over truck driver shortage as job vacancies rise

Report sounds alarm over truck driver shortage as job vacancies rise
MONTREAL — Canada’s truck driver shortage has reached new heights, with job vacancies more than doubling since 2016, a new report says. A shortage of more than 20,000 drivers has hampered truck company expansions and hurt sales, costing nearly $3.1 billion in lost revenues in 2018, according to trade group Trucking HR Canada. Developed in partnership with the Conference Board of Canada,... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (14,270.09, down 688 points). Cenovus Energy Inc. (TSX:CVE). Energy. Down nine cents, or 2.12 per cent, to $4.16 on 23.9 million shares. Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Down $1.30, or 5.89 per cent, to $20.76 on 17.7 million shares. Suncor Energy Inc. (TSX:SU). Energy.... Read More

Events weigh ‘difficult’ decision whether to continue amid COVID-19

Events weigh ‘difficult’ decision whether to continue amid COVID-19
TORONTO — The Metro Toronto Convention Centre should have been bustling Wednesday with guests at a two-day retail, marketing and technology conference, but the event’s plans changed with the news that a Sudbury man who visited the venue last week had contracted a novel form of coronavirus. DX3 organizers said Wednesday that they had cancelled the second day of their annual event after learning that Ontario health officials are investigating... Read More

’60 Minutes’ tops television ratings with coronavirus report

’60 Minutes’ tops television ratings with coronavirus report
NEW YORK — There’s only one television show that can stand atop the weekly ratings and say it did the same thing more than 40 years ago. That’s CBS’ venerable newsmagazine “60 Minutes,” which was the week’s most popular show with an episode that led with Dr. John La Pook talking about the coronavirus outbreak, the Nielsen company said. It... Read More

Kenney worried layoffs coming as oil and gas sector struggles with coronavirus

Kenney worried layoffs coming as oil and gas sector struggles with coronavirus
CALGARY — Alberta Premier Jason Kenney flew to Ottawa on Wednesday with a list of demands and a key message for the prime minister to focus on the economy. Kenney and his fellow premiers are to meet with Prime Minister Justin Trudeau amid growing concerns about the novel coronavirus pandemic, a stock market crash and plummeting oil prices. “We need this government to get refocused... Read More

TSX crosses into bear market territory after pandemic declared

TSX crosses into bear market territory after pandemic declared
TORONTO — Canada’s main stock index crossed into bear market territory in the wake of the World Health Organization declaring the COVID-19 outbreak a pandemic. The S&P/TSX composite index closed down 688 points or 4.6 per cent at 14,270.09. A bear market is commonly defined as a loss of 20 per cent from a recent high. The TSX ended the day down 20.6 per cent... Read More

UK interest rates cut, funds freed up to ease virus impact

UK interest rates cut, funds freed up to ease virus impact
LONDON — Britain took bold steps on Wednesday to cushion the economic shock of the coronavirus outbreak, as the government announced a 30 billion-pound ($39 billion) stimulus package and the Bank of England slashed its key interest rate to a record low of 0.25%. U.K. Treasury chief Rishi Sunak said the new virus sweeping the globe — arguably the biggest... Read More

Air Canada waives fees on rebookings up to 24 hours before travel due to virus

Air Canada waives fees on rebookings up to 24 hours before travel due to virus
MONTREAL — Air Canada says travellers can now change their ticket up to 24 hours before their flight without incurring a rebooking fee as part of the airline’s latest response to the novel coronavirus outbreak. The new policy allows passengers to make a one-time change to any ticket purchased between March 4 and March 31 at the last minute. It adds leeway to... Read More

Bonterra Energy suspends dividend due to volatility and weakness in markets

Bonterra Energy suspends dividend due to volatility and weakness in markets
CALGARY — Bonterra Energy Corp. is suspending its dividend in the face of the volatility and weakness in global energy markets. The company says its focus remains on protecting the balance sheet, preserving the inherent value of its assets and retaining financial flexibility. Bonterra has been paying a monthly dividend of a penny per share. The decision came as Bonterra... Read More

Stocks open sharply lower on Wall Street; Dow off 580 points

Stocks open sharply lower on Wall Street; Dow off 580 points
NEW YORK — THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below: European stock markets edged up Wednesday after Asian shares mostly declined, as governments were ramping up aid for economies reeling from the virus outbreak. France’s CAC 40 gained 0.8% to 4,673, while Germany’s DAX rose 0.6% to 10,537. Britain’s FTSE 100 added 0.4% to 5,984. U.S.... Read More