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Fed survey finds economy slowing in some areas of country

Fed survey finds economy slowing in some areas of country

WASHINGTON — A Federal Reserve survey of U.S. business conditions has found modest economic gains at the start of the year, although some parts of the country saw slowdowns stemming from a renewed surge of COVID-19 cases.
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As workplace infections rise, employers grapple with 'ambiguous' mask rules

As workplace infections rise, employers grapple with 'ambiguous' mask rules

HALIFAX — On the factory floor, masks were optional. Until last month, workers at TEC Business Solutions's corrugated packaging plant in Mississauga, Ont.
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Intel replaces its chief executive after a rocky stretch

Intel replaces its chief executive after a rocky stretch

Intel is replacing its CEO after only two years in what had been a rough stretch for the chipmaker. Bob Swan, who became the company's chief executive in early 2019, will be replaced in mid-February by tech industry veteran Pat Gelsinger.
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Postmedia reports $52.8 million net profit despite 25 per cent revenue shortfall

Postmedia reports $52.8 million net profit despite 25 per cent revenue shortfall

CALGARY — The owner of Canada's largest group of newspapers is reporting a 25.4 per cent decrease in revenue in the three months ended Nov. 30 compared to the same period in 2019 as it continues to cope with economic affects of the COVID-19 pandemic.
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US budget deficit up 60.7% in first 3 months of budget year

US budget deficit up 60.7% in first 3 months of budget year

WASHINGTON — The U.S. government's deficit in the first three months of the budget year was a record-breaking $572.9 billion, 60.7% higher than the same period a year ago, as spending to deal with the COVID-19 pandemic surged while revenue declined.
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Air Canada reduces first-quarter capacity by 25 per cent, cuts 1,700 jobs

Air Canada reduces first-quarter capacity by 25 per cent, cuts 1,700 jobs

MONTREAL — Air Canada is cutting 1,700 jobs and scaling down its operations as the cumulative effects of lockdown restrictions, slumping travel demand and new COVID-19 testing rules take their toll on the airline industry.
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NB Liquor and Cannabis NB report third quarter sales increases and profits

NB Liquor and Cannabis NB report third quarter sales increases and profits

FREDERICTON — NB Liquor and Cannabis NB are both reporting third quarter revenue increases. The two Crown corporations released their third quarter figures Wednesday for the period ending Dec. 27, 2020.
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Trump business backlash part of 'cancel culture,' son says

Trump business backlash part of 'cancel culture,' son says

NEW YORK — The PGA cancelled its tournament at his golf course. Banks say they won’t lend to him anymore. New York City is ending his contract to operate the Central Park skating rink.
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Airlines have turned away hundreds of passengers since launch of new testing mandate

Airlines have turned away hundreds of passengers since launch of new testing mandate

MONTREAL — Canada's new COVID-19 testing requirement for international travellers has caused hundreds of people to miss flights in just the first week of the program's rollout.
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Norwegian company signals focus shift to East Coast after selling oilsands interests

Norwegian company signals focus shift to East Coast after selling oilsands interests

CALGARY — The Canadian arm of Norwegian oil giant Equinor ASA says it has closed its downtown Calgary office and is moving staff to St. John's, N.L.
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