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Inter Pipeline warns of higher costs, delays for Alberta petrochemical project

Inter Pipeline warns of higher costs, delays for Alberta petrochemical project

CALGARY — Inter Pipeline Ltd. is warning that the cost of building its Heartland Petrochemical Complex has risen by about half a billion dollars and its in-service date may be delayed due to factors including the impact of the COVID-19 pandemic.
Need to think longer-term on debts, finances as downturn set to linger: experts

Need to think longer-term on debts, finances as downturn set to linger: experts

TORONTO — The initial economic shock from the COVID-19 outbreak may start to ease as provinces reopen, but experts say it's important for those struggling with debt to think about the longer haul since there's still little clarity as to how long the
CN Rail moves record 2.81 million tonnes of grain for April, slightly ahead of CP

CN Rail moves record 2.81 million tonnes of grain for April, slightly ahead of CP

MONTREAL — Canadian National Railway Co. moved a record 2.81 million tonnes of grain for April, slightly ahead of CP Rail's record volume for the month. The country's largest railway says the movement included 2.
Sidewalk Labs pulls out of Toronto waterfront smart city project

Sidewalk Labs pulls out of Toronto waterfront smart city project

TORONTO — An ambitious plan for a high-tech neighbourhood on Toronto's waterfront has been shelved after Google affiliate Sidewalk Labs walked away from the project, citing "unprecedented economic uncertainty.

Fotwear retailer Aldo Group files for creditor protection amid COVID-19 pandemic

MONTREAL — Aldo Group Inc. says it is filing for creditor protection, stating that it plans to restructure the business as it reels from the hit brought on by COVID-19.
LaLiga: Saudis bidding for Newcastle are 'stealing football'

LaLiga: Saudis bidding for Newcastle are 'stealing football'

The president of the Spanish league wants the Premier League to consider the “damage” that Saudi Arabia's pirating of broadcasts has caused the sport before it decides whether to approve a takeover of Newcastle by the country's sovereign wealth fund.
Enbridge reports $1.43B Q1 loss, moves to cut costs, delay some spending

Enbridge reports $1.43B Q1 loss, moves to cut costs, delay some spending

CALGARY — Enbridge Inc. stock rose Thursday after it reported a $1.
Telus delays usual dividend increase amid COVID-19 but sees growth opportunities

Telus delays usual dividend increase amid COVID-19 but sees growth opportunities

VANCOUVER — Telus Corp. won't be raising its dividend until at least November because of the uncertain outcomes of the COVID-19 pandemic, chief executive Darren Entwistle told the company's virtual annual meeting Thursday.
Canadian Natural surprises by maintaining dividend while cutting spending

Canadian Natural surprises by maintaining dividend while cutting spending

CALGARY — Operating costs and production levels are set to fall at Canadian Natural Resources Ltd.
Nintendo marks profit jump as people stay home amid pandemic

Nintendo marks profit jump as people stay home amid pandemic

TOKYO — Japanese video-game maker Nintendo Co. scored a 33% jump in annual profit, as people stuck at home turn to playing games.