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“Growth has stalled": Surge in US infections hits Delta

“Growth has stalled": Surge in US infections hits Delta

Delta Air Lines lost $5.7 billion during a brutal three-month stretch in which the coronavirus pandemic brought travel to a near standstill, and any hoped-for recovery has been smothered by a resurgence of infected Americans.
New Gold Q2 production drops on pandemic impact, lower ore grades

New Gold Q2 production drops on pandemic impact, lower ore grades

TORONTO — New Gold Inc. is reporting lower production from its Rainy River and New Afton gold mines in Canada during the second quarter, in part due to COVID-19 disruptions.
One in five businesses face tough choices if COVID-19 lasts more than six months

One in five businesses face tough choices if COVID-19 lasts more than six months

OTTAWA — A survey by Statistics Canada suggests that almost one in five businesses will look to further staffing cuts, bankruptcy or closing their doors if present COVID-19 conditions last for six months or more.
Burger King addresses climate change by changing cows' diets

Burger King addresses climate change by changing cows' diets

Burger King is staging an intervention with its cows. The chain has rebalanced the diet of some of the cows by adding lemon grass in a bid to limit bovine contributions to climate change.
COVID-19 can pose cost and delay challenges to N.S. hospital project: auditor

COVID-19 can pose cost and delay challenges to N.S. hospital project: auditor

HALIFAX — Nova Scotia's auditor general says the COVID-19 pandemic has the potential to raise costs for a health care expansion project that represents the largest capital output in the province's history.
P.E.I. ranked No. 1 province in analysis of Canadian job postings per capita

P.E.I. ranked No. 1 province in analysis of Canadian job postings per capita

TORONTO — Prince Edward Island is Canada's smallest province but has the country's highest number of job postings per capita, according to an analysis from Top Data. The analytics firm says data collected from job website Indeed.com found that P.E.I.
Greater Toronto Airport Authority cutting 500 positions due to drop in traffic

Greater Toronto Airport Authority cutting 500 positions due to drop in traffic

TORONTO — The operator of Canada's largest airport is cutting the size of its workforce by 27 per cent, including some of its management, due to a reduction of air traffic due to the COVID-19 pandemic.
Spiking cost of gasoline pushes June consumer prices up 0.6%

Spiking cost of gasoline pushes June consumer prices up 0.6%

WASHINGTON — U.S. consumer prices increased 0.6% in June, after three months of declines, with a big jump in gasoline prices accounting for over half of the gain.
Oilpatch optimism expected to rise as difficult second-quarter finally ends

Oilpatch optimism expected to rise as difficult second-quarter finally ends

CALGARY — A rebound in oil prices as consumer demand for gasoline rises will buoy energy companies as they give quarterly results starting next week, but analysts say there are still too many uncertainties to expect any new spending in the sector.
Calfrac Well Services seeks to swap shares for debt in recapitalization plan

Calfrac Well Services seeks to swap shares for debt in recapitalization plan

CALGARY — Calfrac Well Services Ltd. is seeking to restructure in a plan that will see its debtholders swap unsecured notes for shares in the company.