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Palliser Furniture temporarily laying off workers, closing Winnipeg facility

WINNIPEG — Palliser Furniture Ltd. is temporarily laying off 72 per cent of its workforce as it closes its Winnipeg facility for two weeks and looks to do the same at its Mexican facilities in the coming weeks.
Parkland Fuel drains$300M from budget to deal with COVID-19 demand impact

Parkland Fuel drains$300M from budget to deal with COVID-19 demand impact

CALGARY — Parkland Fuel Corp. is cutting its 2020 capital spending budget by 52 per cent and trimming executive salaries in response to the uncertain economic impact of the novel coronavirus.
Inter Pipeline cuts dividend and exec pay, suspends sale of bulk liquids storage

Inter Pipeline cuts dividend and exec pay, suspends sale of bulk liquids storage

CALGARY — Inter Pipeline Ltd. is reducing its dividend by more than 70 per cent and suspending its dividend reinvestment plan as it deals with the drop in energy prices and the COVID-19 pandemic.
Offer made to Centerra Gold for its stake in Ontario gold project

Offer made to Centerra Gold for its stake in Ontario gold project

THUNDER BAY, Ont. — Premier Gold Mines Ltd. says an offer has been made to acquire Centerra Gold Inc.'s 50 per cent stake in the Greenstone Gold Mines Partnership in a deal it says it worth US$205 million.
Big Oil's interest in renewable energy investments expected to waver: report

Big Oil's interest in renewable energy investments expected to waver: report

CALGARY — Budget cutting in response to the twin challenges of COVID-19 demand destruction and low oil prices mean the world's oil and gas industry will likely spend less on renewable energy going forward.
Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: COVID-19 and the new normal Thousands of people have already lost their jobs as non-essential businesses have shut down, while others like grocers look for ways to

On Wall Street, some optimism penetrates the uncertainty

Stocks rallied this week as Washington acted to provide $2.
Trump signs $2.2T stimulus after swift congressional votes

Trump signs $2.2T stimulus after swift congressional votes

WASHINGTON — President Donald Trump signed an unprecedented $2.
Trump seeks to force General Motors to produce ventilators

Trump seeks to force General Motors to produce ventilators

DETROIT — President Donald Trump issued an order Friday that seeks to force General Motors to produce ventilators for coronavirus patients under the Defence Production Act.
IMF head says global economy now in recession

IMF head says global economy now in recession

WASHINGTON — The head of the International Monetary Fund said Friday it is clear that the global economy has now entered a recession that could be as bad or worse than the 2009 downturn.