National Business

CALGARY — Shares in oilsands producer MEG Energy Corp. rose by as much as nearly 15 per cent on Tuesday amid strengthening oil prices after it reported it would cut its capital spending plan for a second time in two months.

WASHINGTON — The U.S. service sector shrank for the first time in a decade last month as the pandemic forced shutdowns and layoffs nationwide. The Institute for Supply Management said Tuesday that its service-sector index fell to 41.

LONGUEUIL, Que. — Heroux-Devtek Inc. says it will reduce its workforce by 10 per cent, or about 225 employees, due to falling demand in the commercial aerospace market due to the COVID-19 pandemic.

OTTAWA — Statistics Canada says the country's trade deficit grew to $1.4 billion in March as both exports and imports fell due to the COVID-19-related economic slowdown.

TORONTO — Thomson Reuters Corp. says it expects revenue to fall in the second quarter and is reducing its expectations for growth this year due to the disruptions caused by the COVID-19 pandemic.

TORONTO — When travellers board Air Canada flights, they will have more than their tickets checked.

YUBA CITY, Calif. — With more local governments moving ahead with their own plans for reopening, California Gov.

REGINA — Saskatchewan's Opposition on Monday questioned the flow of information from the government about a COVID-19 outbreak at a hospital just as the province was preparing to loosen restrictions intended to limit the spread of the illness.

Carnival Cruise Line said Monday that it plans to gradually resume cruising in North America in August, nearly five months after it halted operations due to the new coronavirus. Sailings will begin on Aug.

MONTREAL — With losses topping $1 billion last quarter, Air Canada says it will be at least three years before flights and earnings return to 2019 levels as the "cataclysmic" effects wrought by the COVID-19 pandemic continue to mount.