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National Business

WestJet to lay off more than 3,300 workers under restructuring plan

WestJet to lay off more than 3,300 workers under restructuring plan

WestJet Airlines Ltd. says it will permanently lay off 3,333 employees as part of a major restructuring amid the coronavirus pandemic that has devastated the travel industry.
Two weeks to fiscal snapshot, Liberals see credit rating downgrade

Two weeks to fiscal snapshot, Liberals see credit rating downgrade

OTTAWA — Finance Minister Bill Morneau is defending the state of the country's finances after an international agency stripped Canada of its triple-A credit rating.
GFL Environmental signs US$835-million deal to buy assets in 10 U.S. states

GFL Environmental signs US$835-million deal to buy assets in 10 U.S. states

VAUGHAN, Ont. — GFL Environmental Inc. has signed a deal to buy a portfolio of integrated solid waste collection, transfer, recycling and disposal assets in the United States for US$835 million.

Google to automatically delete user location history by default after 18 months

TORONTO — Google is adopting new privacy features and data retention practices across its core products, which include its search engine, Google Maps and YouTube.
Bayer paying up to $10.9B to settle Monsanto weedkiller case

Bayer paying up to $10.9B to settle Monsanto weedkiller case

BERLIN — Bayer will pay up to $10.9 billion to settle litigation over the subsidiary Monsanto’s weedkiller Roundup, which has faced thousands of lawsuits over claims it causes cancer, the German-based company said Wednesday.
Saskatchewan to develop plan around small modular nuclear reactors

Saskatchewan to develop plan around small modular nuclear reactors

REGINA — Saskatchewan is taking another step in its march to bring small modular nuclear technology to the province. The Ministry of Environment announced it's creating an office that will develop policy around this type of nuclear power.
Restaurant chains jump on ghost kitchen trend to boost sales during COVID-19

Restaurant chains jump on ghost kitchen trend to boost sales during COVID-19

VANCOUVER — When the COVID-19 outbreak forced many restaurants to shutter dining rooms across Canada, Vancouver-based Joey Restaurants responded by opening two "ghost kitchens" — a new model being adopted for delivery- and pick-up-only spaces.
Barrick Niugini to lay off 2,650 Papua New Guinea gold mine workers

Barrick Niugini to lay off 2,650 Papua New Guinea gold mine workers

TORONTO — Owners of the Porgera gold mine in Papua New Guinea say they will lay off 2,650 local mine workers by the end of July as the result of a continuing dispute with the federal government. Barrick Niugini Ltd.
IMF says U.S. economy to shrink 8.0 per cent, Canadian GDP to fall 8.4 per cent

IMF says U.S. economy to shrink 8.0 per cent, Canadian GDP to fall 8.4 per cent

WASHINGTON — The International Monetary Fund has sharply lowered its forecast for global growth this year because it envisions far more severe economic damage from the coronavirus than it did just two months ago.
Indigo expects at least 10-12 months of COVID-19 'damaging set of conditions'

Indigo expects at least 10-12 months of COVID-19 'damaging set of conditions'

TORONTO — Indigo Books & Music Inc. expects at least 10 to 12 months of a "damaging set of conditions" from the COVID-19 pandemic, said chief executive Heather Reisman, the day after the company reported a fourth-quarter loss of $171.3 million.