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WestJet to use federal wage subsidy program to avoid pilot layoffs

WestJet to use federal wage subsidy program to avoid pilot layoffs

CALGARY — WestJet Airlines Ltd. says it will be able to save more than 1,000 pilot jobs by using the federal wage subsidy program.
Economic figures show grim toll in Europe and US from virus

Economic figures show grim toll in Europe and US from virus

NEW YORK — Bleak new figures Thursday underscored the worldwide economic pain inflicted by the coronavirus: The number of Americans filing for unemployment benefits has climbed past a staggering 30 million, while Europe’s economies have gone into an

Fairfax Financial loses nearly US$1.3B in Q1, less than it forecast two weeks ago

TORONTO — Fairfax Financial Holdings Ltd. says it lost nearly US$1.3 billion in the first quarter because of the COVID-19 pandemic, about US$100 million less than it forecast about two weeks ago. The Toronto-based holding company, which reports in U.
Apple pinched by pandemic; profit, iPhone sales decline

Apple pinched by pandemic; profit, iPhone sales decline

BERKELEY, Calif. — Apple's profit dipped slightly while revenues rose in the January-March quarter, reflecting early fallout from a coronavirus pandemic that shut down its factories and then forced hundreds of Apple retail stores to close.
'Stay home in the north:' Saskatchewan clamps down on northern travel

'Stay home in the north:' Saskatchewan clamps down on northern travel

REGINA — Saskatchewan Premier Scott Moe is telling residents in the northern part of the province to stay put as the region deals with an outbreak of COVID-19.
Trump says US can never declare 'total victory' over virus

Trump says US can never declare 'total victory' over virus

WASHINGTON — President Donald Trump said Thursday that he believes the U.S. can never declare “total victory” over the coronavirus because too many people have died.

Open Text plans restructuring including real estate consolidation

WATERLOO, Ont. — Open Text Corp. is temporarily reducing the salaries of its executives, senior leadership and other employees, and cutting its overall workforce by up to five per cent, the multinational software company announced Thursday.
Airline nosedive: American, United post huge pandemic losses

Airline nosedive: American, United post huge pandemic losses

DALLAS — American Airlines and United Airlines lost a combined $4 billion in the first quarter as the coronavirus pandemic triggered a sharp drop in air travel, and the airlines are busy borrowing enough money to survive until passengers return in la
Resolute Forest Products lays off more than 1,000 because of COVID-19

Resolute Forest Products lays off more than 1,000 because of COVID-19

MONTREAL — Resolute Forest Products Inc. is temporarily laying off more than 1,000 workers mainly in Quebec because of the COVID-19 pandemic.
Stelco signs eight-year deal with U.S. Steel to buy iron ore pellets from mine

Stelco signs eight-year deal with U.S. Steel to buy iron ore pellets from mine

HAMILTON — Stelco Holdings Inc. says it has entered into a long-term agreement with United States Steel Corp. to purchase iron ore pellets from the largest iron ore mine in the U.S.