National Business

VANCOUVER — Family-owned Army & Navy says it has become a victim of the COVID-19 pandemic and will permanently close its department stores after 101 years in business in Western Canada.

TORONTO — Five things to watch for in the Canadian business world in the coming week: What we're buying Statistics Canada will release a report on Canadian grocery sales up to April 11 on Monday.

CALGARY — Work-from-home measures taken to control the spread of the COVID-19 pandemic are challenging long-held assumptions about how Canada's oil and gas sector should provide and care for its office workers.

VANCOUVER — The retail, food and restaurant sectors are calling for more help in the wake of new job numbers that show B.C. lost about 264,000 jobs in April.

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (14,966.56, up 132.87 points.) Freegold Ventures Ltd. (TSX:FVL). Materials. Up 11 cents, or 47.

TORONTO — North American stock markets marched higher to end the week despite historically bad jobs numbers resulting from the COVID-19 pandemic. The S&P/TSX composite index closed up 132.87 points at 14,966.56 to end the week 2.

TORONTO — Postmedia Network Canada Corp. expects to qualify for at least $20.3 million in COVID-related emergency wage subsidies from the federal government, the owner of Canada's largest newspaper chain said Friday.

FREDERICTON — New Brunswick is allowing more businesses and services to reopen as it launches the next phase of the province's COVID-19 recovery plan.

VAUGHAN, Ont. — The parent company of Swiss Chalet and other chains saw a more than $100-million drop in sales in its most recent quarter due to the COVID-19 pandemic, which prompted Recipe Unlimited Corp.

OTTAWA — Statistics Canada reported Friday that the economy lost nearly two million jobs in April and the unemployment rate soared to 13.0 per cent as the full force of the pandemic hit.