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National Business

Major Quebec media companies cut costs as COVID-19 impacts advertising

MONTREAL — Two major Quebec media companies are announcing big cost-cutting measures that they say are necessary to deal with the economic fallout from the COVID-19 pandemic.
Realtors push back on non-essential sales, adopt safety measures amid outbreak

Realtors push back on non-essential sales, adopt safety measures amid outbreak

TORONTO — The coronavirus outbreak is pushing some realtors to turn away all but the most desperate clients, while others are adopting extraordinary measures in an effort to help maintain social distancing and stem the spread of the pandemic.
Tech community calls on Ontario for aid as companies struggle to preserve jobs

Tech community calls on Ontario for aid as companies struggle to preserve jobs

TORONTO — More than 230 leaders of technology companies and innovation hubs across the country are calling on the Ontario government for more help to weather the economic fallout of the COVID-19 pandemic.
Businesses welcome government relief measures but want more — and quickly

Businesses welcome government relief measures but want more — and quickly

TORONTO — When the federal government teased its $82-billion relief plan for Canadian businesses and workers impacted by COVID-19, Toronto jewelry manufacturer Jewels4Ever was anxious to hear more.

Highlights of the British Columbia's government's emergency pandemic response

VICTORIA — The B.C. government stepped up its efforts under the Emergency Program Act on Thursday to ensure, among other things, that goods and services are getting to those who need them.

Seabee gold mine in northern Saskatchewan suspended due to virus threat

VANCOUVER — SSR Mining Inc. says more than 300 workers will be affected by its decision to suspend operations at the Seabee gold mine in northern Saskatchewan until April 30 due to the threat of COVID-19.
Saputo Inc. sees demand shift from food service to retail amid COVID-19 pandemic

Saputo Inc. sees demand shift from food service to retail amid COVID-19 pandemic

Demand for dairy products at retail stores has spiked amid the COVID-19 outbreak while orders from food-service operators have fallen, said executives at dairy processor Saputo Inc .
CMHC expanding insured mortgage purchase program to $150B, up from $50B

CMHC expanding insured mortgage purchase program to $150B, up from $50B

OTTAWA — Canada Mortgage and Housing Corp. is expanding its insured mortgage purchase program to $150 billion as part of its response to the COVID-19 crisis.
US economy grew at 2.1% rate in fourth quarter

US economy grew at 2.1% rate in fourth quarter

WASHINGTON — The economy grew by a moderate 2.1% in the fourth quarter of last year, but many economists believe that will be the last positive growth seen for some time as the country endures a sharp contraction due to the coronavirus.

Fortuna's San Jose mine in Mexico resumes operations as blockade ends

VANCOUVER — Fortuna Silver Mines Inc. says its San Jose silver and gold mine in southwestern Mexico is resuming operations today.