Your Daily Scan of the New Global Economy

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Canada
National Bank reports Q2 net income of $379 million, beats analyst expectations National Bank of Canada’s net income plunged 32 per cent in its second quarter as it put aside five times the provisions for credit losses than it did a year ago due to the economic storm triggered by the COVID-19 pandemic. Posted: May...
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Torstar to be sold, taken private in $52-million deal Newspaper chain owner Torstar Corp. says it has agreed to be sold to NordStar Capital LP in a $52-million deal. Posted: May 27, 2020 12:44 am by Canada CTV Business
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Bank of Canada urges stores to continue to accept cash Even before the COVID-19 pandemic, consumers had been increasingly using forms of cashless payment such as credit and debit cards, e-transfers and their smartphones to pay for products. Posted: May 27, 2020 12:31 am by Canada CTV Business
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'Don't be like Toronto:' Calgary mayor warns against large gatherings in parks Calgary’s mayor is warning citizens “don’t be like Toronto” and congregate in large numbers in parks. Posted: May 26, 2020 11:30 pm by Canada CTV Politics
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Free to go or closer to extradition? What to expect from Wednesday's Meng Wanzhou decision At 11 a.m. Wednesday, a B.C. Supreme Court judge will publish a decision that could have global implications. Posted: May 26, 2020 10:47 pm by Canada CTV Politics
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Higher prices encourage Canadian oil producers to boost production Western Canadian producers are moving to restore some oil production as crude prices rise with demand thanks to the gradual opening of the world economy and OPEC and Russian output cuts. Posted: May 26, 2020 9:14 pm by Canada CTV Business
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Are more people impersonating police officers? Here's what the experts say A number of fake police officers have been reported around southwestern Ontario in the wake of the Portapique, N.S. shooting. Here’s what the experts have to say about the recent spate of reports. Posted: May 26, 2020 9:11 pm by Canada CTV Politics
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Young man killed in daylight shooting in downtown Toronto, boy and woman seriously injured A 21-year-old man is dead after a targeted shooting in downtown Toronto that seriously injured two people and left others “running and screaming,” police say. Posted: May 26, 2020 8:28 pm by Canada CTV Politics
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Quebec government throws faltering Cirque du Soleil a US$200-million lifeline The government would also have the option of buying the Cirque in the event that current shareholders decide to pull out. Posted: May 26, 2020 6:26 pm by Canada CTV Business
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Risk of hand sanitizer igniting is very low: North Bay fire officials Despite recent media reports, North Bay Fire officials say the chances of hand sanitizer spontaneously combusting in a hot vehicle are low. Posted: May 26, 2020 5:18 pm by Canada CTV Politics
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