National Business

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.

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.

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.

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.

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.

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

Stocks rallied this week as Washington acted to provide $2.

WASHINGTON — President Donald Trump signed an unprecedented $2.

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.

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.