Business News from CBC Business

Manufacturing sales plummetted at record-setting pace in April as COVID-19 shut down factories
by Reuters on June 15, 2020 at 3:21 pm
Canadian manufacturing sales plummeted a record-breaking 28.5 per cent in April as the coronavirus pandemic hit business operations, Statistics Canada said on Monday, but analysts and the agency predicted the figures should improve in May.

Average house price in May was down from last year, even as sales bounced back from record April low
by Pete Evans on June 15, 2020 at 2:25 pm
Home sales bounced back by 57 per cent from their worst April in more than 30 years last month, but the average price of a home sold in May still inched lower compared with last year.

Cineplex planning tentative reopening of some theatres as of June 26
by The Canadian Press on June 15, 2020 at 12:50 pm
Cineplex Inc. is inching towards a gradual reopening of its Canadian movie theatres, starting with six locations in Alberta later this month and more across the country in early July.

CEO asks employees to lie on timecards or risk job losses — violating labour laws
by Rosa Marchitelli on June 15, 2020 at 8:00 am
Several workers of a high-profile company say they were pressured into giving up paid vacation days, then told to lie about it on their timecards or risk job losses. Labour experts say it’s one of many cases where companies are being accused of breaking the rules to save money during the pandemic.

Why crude oil trains keep derailing and exploding in Canada — even after the Lac-Mégantic disaster
by Guy Quenneville,Dave Seglins, Joseph Loiero on June 15, 2020 at 8:00 am
The former top investigator of Canadian train crashes says Ottawa needs to “drop the hammer” on the rail industry in the wake of seven oil train derailments since 2015.

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Senator calls on RCMP commissioner to resign after comments on systemic racism
by John Paul Tasker on June 15, 2020 at 8:08 pm
Progressive Sen. Lillian Dyck said today RCMP Commissioner Brenda Lucki should resign or be replaced as the force’s top cop following comments she made about systemic racism in a series of media interviews last week.

WHO says new virus outbreak in China needs further testing after ‘hypothesis’ on cause
by Reuters on June 15, 2020 at 7:23 pm
The origins of a new cluster of coronavirus infections in Beijing are uncertain, World Health Organization officials said on Monday, but the claim that it might have been caused by imports or packaging of salmon was not the “primary hypothesis.”

Ottawa awards $2.4B contract to finish building navy’s supply ships
by Murray Brewster on June 15, 2020 at 6:45 pm
The Liberal government has awarded a $2.4 billion contract to finish the overall construction of the navy’s long-awaited supply ships.

Some good news from around the world on Monday
on June 15, 2020 at 4:05 pm
With much of the world struggling through the COVID-19 pandemic, there are still some good-news stories to report. Here’s a brief roundup.

FDA revokes emergency use authorization of hydroxychloroquine for COVID-19
by Reuters on June 15, 2020 at 4:04 pm
The U.S. Food and Drug Administration on Monday revoked the emergency use authorization for malaria drug hydroxychloroquine as a treatment for COVID-19, the use of which has been championed by U.S. President Donald Trump.