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National Business
National Business
A room with a bleak view: Hoteliers forecast more pain, demand government action
Each day, SoHo hotel general manager David Kelley hears the sound of his footsteps echoing off the marble floors and panelled walls as he walks across the lobby, a space as empty as the 89 rooms above him. "It is very quiet.
Jun 10, 2020 1:41 PM
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Starbucks plans to close up to 200 Canadian locations over two years
TORONTO 鈥 Starbucks is planning to close up to 200 coffee shops across Canada as it responds to changes in consumer habits during the COVID-19 pandemic.
Jun 10, 2020 12:35 PM
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Former Bank of Canada governor Mark Carney to release book next spring
Former Bank of Canada governor Mark Carney is releasing a new book laying out his vision for a more equitable post-pandemic economy.
Jun 10, 2020 11:44 AM
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Retailer Dollarama reports Q1 profit down from year ago, but sales rise
Dollarama Inc. experienced a drop in profit during its most recent quarter, but still topped the expectations of analysts who believed the pandemic would weigh more on the company's bottom line.
Jun 10, 2020 10:36 AM
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Lowe's strikes deal to build $120-million Calgary distribution centre
CALGARY 鈥 Lowe's Canada says work will start this month on a new distribution centre located northeast of Calgary designed to improve its in-store and online operations in Western Canada.
Jun 10, 2020 10:14 AM
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Virus pummels global economy, jobs - even without 2nd wave
PARIS 鈥 The virus crisis has triggered the worst global recession in nearly a century -- and the pain is not over yet even if there is no second wave of infections, an international economic report warned Wednesday.
Jun 10, 2020 6:12 AM
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May consumer prices fall 0.1%, the third consecutive month
WASHINGTON 鈥 U.S. consumer prices dropped in May for the third straight month as the coronavirus pandemic pushed the American economy into a recession. The Labor Department said Wednesday that its consumer price index fell 0.
Jun 10, 2020 6:06 AM
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US consumer spending sinks by record 13.6% in face of virus
WASHINGTON 鈥 U.S. consumer spending plunged by a record-shattering 13.6% in April as the viral pandemic shuttered businesses, forced millions of layoffs and sent the economy into a deep recession.
Jun 10, 2020 5:59 AM
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'Cops,' on air for 33 seasons, dropped by Paramount Network
LOS ANGELES 鈥 After 33 seasons on the air, 鈥淐ops鈥 has been dropped by the Paramount Network as protests against police proliferate around the world.
Jun 10, 2020 5:41 AM
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Movie theatres, shuttered for months, plan July reopening
NEW YORK 鈥 After three months of near total blackout of cinemas nationwide, movie theatres are preparing to reopen 鈥 even if it means only a few titles on the marquee and showings limited to as little as 25% capacity.
Jun 9, 2020 6:08 PM
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