Skip to content

National Business

Fed minutes show concerns about severity of downturn

Fed minutes show concerns about severity of downturn

WASHINGTON — Federal Reserve officials last month expressed concerns about the severity of the economic downturn triggered by the coronavirus pandemic, saying the drop in economic activity in the spring would likely be the steepest in the post-World
NYC delays resumption of indoor dining at restaurants

NYC delays resumption of indoor dining at restaurants

NEW YORK — Indoor dining at New York City restaurants will be delayed out of fear it would cause a spike in coronavirus infections, Mayor Bill de Blasio and Gov. Andrew Cuomo said Wednesday.
Russian voters agree to let Putin seek 2 more terms

Russian voters agree to let Putin seek 2 more terms

MOSCOW — Russian voters approved changes to the constitution that will allow President Vladimir Putin to hold power until 2036, but the weeklong plebiscite that concluded Wednesday was tarnished by widespread reports of pressure on voters and other i
US construction spending fell 2.1% in May

US construction spending fell 2.1% in May

WASHINGTON — U.S. construction spending fell 2.1% in May with both home building and nonresidential activity declining. The Commerce Department said on Wednesday the May decline followed an even larger 3.5% fall in April.
Asia Today: Thailand lets in some foreigners, opens schools

Asia Today: Thailand lets in some foreigners, opens schools

BANGKOK — Thailand has begun a fifth phase of relaxations of COVID-19 restrictions, allowing the reopening of schools and high-risk entertainment venues such as pubs and massage parlours that had been shut since mid-March.
Lebanon’splea to skeptical expats: Come visit,bring cash

Lebanon’splea to skeptical expats: Come visit,bring cash

BEIRUT — With Beirut’s airport partially reopening from a three-month virus shutdown, the government is hoping thousands of Lebanese expatriates will return for the summer — and bring dollars desperately needed to prop up the crashing economy.

Mexico's legacy airline Aeromexico files for bankruptcy

MEXICO CITY — Mexico’s oldest legacy airline, Aeromexico, said Tuesday it has filed for Chapter 11 reorganization, a form of bankruptcy in which the carrier can keep operating while its debts and obligations are sorted out.
Air Canada cutting 30 domestic routes, closing stations at eight airports

Air Canada cutting 30 domestic routes, closing stations at eight airports

MONTREAL — Air Canada is suspending service on 30 regional routes and closing eight stations at smaller Canadian airports as the COVID-19 pandemic continues to batter the travel industry.

Fitch reduces Alberta credit rating, cites concerns on heavy borrowing

EDMONTON — Alberta's plan to relaunch its economy is taking a hit right out of the starting gate. The United States-based Fitch rating agency has announced it's reducing Alberta's credit rating to AA- from AA.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (15,515.22, up 125.50 points.) Bonavista Energy Corp. (TSX:BNP). Energy. Down half a cent, or 9.09 per cent, to five cents on 20.
Rogers Media
6080 Young Street Halifax, NS, B3K 5L2 © 2006-2020 Rogers Media. All rights reserved.