Mexico says it has reached an agreement with the United States that will allow it to agree to a deal on oil production cuts with OPEC, Russia and other countries. Mexican President Andres Manuel Lopez Obrador said Friday that during OPEC discussions, he agreed with U.S. President Donald Trump that the United States will make up for what Mexico…

Asian shares were steady in quiet Good Friday trading after Wall Street closed out its best week in 45 years thanks to the Federal Reserve’s titanic effort to support the economy through the coronavirus crisis. The price of oil fell back after major oil-producing countries struggled to finalize a deal on output cuts. European and…

Shaw Communications executives said Thursday that the Freedom Mobile service won’t meet its 2020 target for growing its subscriber base because the COVID-19 crisis has kept stores closed and customers distracted, but they said the lost revenue will be offset by lower operating costs during the coming months. The comments came in a conference call…

Some Canadian dairy farmers started dumping milk last week to rid the system of surplus production as demand from restaurants plummeted amid the COVID-19 pandemic that forced eateries across the country to close their doors. “We first started seeing milk being discarded last week,” said David Wiens, vice-president of the Dairy Farmers of Canada, a…

Canada’s economy lost more than one million jobs in March, Statistics Canada said Thursday, pushing the jobless rate up to 7.8 per cent. Economists had been expecting the figure to come it at around 500,000 jobs lost, which already would have been the worst month for job losses on record. Every month, the data agency surveys Canadians over the…

Alberta’s energy minister is now exchanging texts with OPEC Secretary-General Mohammed Barkindo. Sonya Savage made the revelation herself this week as she discussed Thursday’s video conference call between OPEC, its allies and a group of non-OPEC countries, which aims to do something about a global oil glut. It might have been hard to imagine such correspondence happening between the province and the…