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Most regions outside Toronto-Hamilton area to move to stage two of reopening

Most regions outside Toronto-Hamilton area to move to stage two of reopening

TORONTO — Most regions of Ontario outside of the Greater Toronto and Hamilton Area will be allowed to see more businesses and activities open on Friday, including restaurant patios, hair salons and swimming pools.
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Recession hit US in February, ending record-long expansion

Recession hit US in February, ending record-long expansion

WASHINGTON — The U.S. economy entered a recession in February, a group of economists declared Monday, ending the longest expansion on record.
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Canadian firms lag global peers about cybersecurity risks, says EY survey

Canadian firms lag global peers about cybersecurity risks, says EY survey

TORONTO — A global survey says Canadian organizations lagged their global peers when it comes to addressing cybersecurity risks even as they become increasingly vulnerable with more businesses working remotely.
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Genworth Canada says it won't follow CMHC in tightening mortgage insurance eligibility

Genworth Canada says it won't follow CMHC in tightening mortgage insurance eligibility

TORONTO — Genworth MI Canada Inc. says it's holding steady on its credit score qualifications, despite a move by one of its main competitors to toughen mortgage lending standards. The Oakville, Ont.
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CMHC says annual pace of housing starts, excluding Quebec, down in May

CMHC says annual pace of housing starts, excluding Quebec, down in May

OTTAWA — The annual pace of housing starts, excluding Quebec, in May fell 20.4 per cent compared with April, Canada Mortgage and Housing Corp. said Monday.
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BP to cut 10,000 jobs worldwide amid virus pandemic

BP to cut 10,000 jobs worldwide amid virus pandemic

LONDON — Energy producer BP announced Monday that it will slash its global workforce by 10,000 jobs as the COVID-19 pandemic slams the oil and gas industry.
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Northern travel ban, restaurant restrictions lift in Saskatchewan

Northern travel ban, restaurant restrictions lift in Saskatchewan

REGINA — People living in northern Saskatchewan can start travelling in the region today, and others can head to their cottages in the area.
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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: Housing starts Canada Mortgage and Housing Corp. will release preliminary housing start data for May on Monday.
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OPEC, allied nations extend nearly 10M barrel cut by a month

OPEC, allied nations extend nearly 10M barrel cut by a month

DUBAI, United Arab Emirates — OPEC and allied nations agreed Saturday to extend a production cut of nearly 10 million barrels of oil a day through the end of July, hoping to encourage stability in energy markets hard hit by the coronavirus-induced gl
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SpaceX opens era of amateur astronauts, cosmic movie sets

SpaceX opens era of amateur astronauts, cosmic movie sets

CAPE CANAVERAL, Fla. — SpaceX’s debut astronaut launch is the biggest, most visible opening shot yet in NASA’s grand plan for commercializing Earth’s backyard.
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