National Business

CALGARY — American oil and gas producer Murphy Oil Corp. says it is shutting its Calgary office as part of a plan to cut costs as oil prices remain at low ebb.

CHARLOTTETOWN — The Prince Edward Island government has announced a number of programs to assist people affected by the COVID-19 pandemic.

WASHINGTON — U.S. consumer borrowing fell in March for the first time in more than eight years, with the category covering credit cards dropping by the largest amount in over three decades, the Federal Reserve reported Thursday.

CALGARY — Inter Pipeline Ltd. is warning that the cost of building its Heartland Petrochemical Complex has risen by about half a billion dollars and its in-service date may be delayed due to factors including the impact of the COVID-19 pandemic.

TORONTO — The initial economic shock from the COVID-19 outbreak may start to ease as provinces reopen, but experts say it's important for those struggling with debt to think about the longer haul since there's still little clarity as to how long the

MONTREAL — Canadian National Railway Co. moved a record 2.81 million tonnes of grain for April, slightly ahead of CP Rail's record volume for the month. The country's largest railway says the movement included 2.

TORONTO — An ambitious plan for a high-tech neighbourhood on Toronto's waterfront has been shelved after Google affiliate Sidewalk Labs walked away from the project, citing "unprecedented economic uncertainty.

MONTREAL — Aldo Group Inc. says it is filing for creditor protection, stating that it plans to restructure the business as it reels from the hit brought on by COVID-19.

The president of the Spanish league wants the Premier League to consider the “damage” that Saudi Arabia's pirating of broadcasts has caused the sport before it decides whether to approve a takeover of Newcastle by the country's sovereign wealth fund.

CALGARY — Enbridge Inc. stock rose Thursday after it reported a $1.