Seven Generations and MEG Energy cut capital spending plans for 2020

A pair of big names in Canada’s oilpatch is cutting their capital spending plans in the wake of the sharp plunge in oil prices. Seven Generations Energy Ltd. is lowering its 2020 capital investment budget by $200 million or 18 per cent to $900 million. It says the reduction reflects a temporary deferral of planned […]

Britain, Italy announce multi-billion dollar war chests to fight coronavirus

LONDON/ROME (Reuters) – Britain announced a $39-billion war chest to soften the economic impact of the coronavirus after the Bank of England cut interest rates on Wednesday and Italy, the worst-affected country outside China, said it might further tighten already draconian curbs. The United States, where the S&P 500 stock index was down almost 4%, […]

Coronavirus: 1st case of COVID-19 reported in Ottawa

Ottawa has it’s first reported case of the new coronavirus disease, known as COVID-19. The case was confirmed in a daily update posted by Ontario health officials Wednesday morning. Officials said it involves a man in his 40s who recently travelled to Austria. He went to Ottawa Hospital and is now in self-isolation. Meanwhile, the province […]

More COVID-19 cases announced across Ontario, provincial total now at 41

Ontario health officials say four more cases of the new coronavirus disease, known as COVID-19, have been confirmed, bringing the province’s total to 41. The province’s 38th coroanvirus case is a woman in her 30s who reported to Mackenzie Health in York Region. She had a recent travel history to Egypt. The woman is listed in […]