Shopify suspends guidance, indicates it banned thousands of users for COVID-19 profiteering

Ottawa-based e-commerce giant Shopify Inc. announced Wednesday that it is suspending financial guidance as the coronavirus pandemic upends its business, and the company will give more detail on how business is evolving when it reports first-quarter earnings o…

Read more

Why the Bank of Canada needs BlackRock’s help while fighting the coronavirus downturn

The response to the coronavirus crisis will result in many unforeseen consequences. An early one is that the Bank of Canada was thrust into BlackRock Inc.s increasingly crowded orbit. Canadas central bank has a capable markets desk, but theres only so much a…

Read more

Economists predicting U.S. jobless claims may top 5.5 million to set new weekly record

Economists across North America are predicting that the United States will set another record for unemployment claims when figures for the week that ended on March 28 are released on Thursday morning. According to a Reuters survey, economists expect a median…

Read more

Massive oilsands mine Fort Hills could be Alberta’s first victim of the global price war

The last major oilsands mine to start operating in northern Alberta could be Canada’s first big casualty of the Saudi-Russian price war and the Covid-19 pandemic. Teck Resources Ltd., one of the partners in the Fort Hills project that formally opened in Sept…

Read more
%d bloggers like this: