Suncor CEO says electric vehicles will disrupt oil industry on ‘a similar scale’ to coronavirus

https://thelogic.co/briefing/suncor-ceo-says-electric-vehicles-will-disrupt-oil-industry-on-a-similar-scale-to-coronavirus/

Co-working spaces could play a key role in the post-pandemic world of work—if they can survive the shutdown

https://thelogic.co/news/co-working-spaces-could-play-a-key-role-in-the-post-pandemic-world-of-work-if-they-can-survive-the-shutdown/

As companies downsize and rethink their commitments to centralized offices, co-working space owners see an opportunity

COVID-19 roundup: Canada’s economic contraction exceeds U.S.’s

https://thelogic.co/news/covid-19-roundup-canadas-economic-contraction-exceeds-us/

Canada’s economy contracted an annualized 8.2 per cent in the first three months of the year as consumers, governments and purchasers of Canadian exports all bought less, Statistics Canada data shows

Car-sharing company Turo will launch in B.C. this summer

https://thelogic.co/briefing/car-sharing-company-turo-will-launch-in-b-c-this-summer/

COVID-19 roundup: TD Bank and CIBC round out difficult week for Big Six earnings

https://thelogic.co/news/covid-19-roundup-td-bank-and-cibc-round-out-difficult-week-for-big-six-earnings/

TD saw its net income cut in half year over year, dropping to $1.5 billion in its fiscal second quarter as it increased credit-loss provisions in its Canadian retail business by $873 million

Ninety-thousand download HBO Max on its first day

https://thelogic.co/briefing/ninety-thousand-download-hbo-max-on-its-first-day/

COVID-19 roundup: Banks set aside billions to cover credit losses

https://thelogic.co/news/covid-19-roundup-banks-set-aside-billions-to-cover-credit-losses/

Two more of Canada’s biggest banks reported steep profit declines after putting aside billions to cover credit losses amid the COVID-19 pandemic

Elon Musk’s SpaceX launch cancelled for a second time due to stormy weather

https://thelogic.co/briefing/elon-musks-spacex-launch-cancelled-for-a-second-time-due-to-stormy-weather/

Twitter tags Donald Trump’s tweets with a fact-checking label

https://thelogic.co/briefing/twitter-tags-donald-trumps-tweets-with-a-fact-checking-label/

COVID-19 roundup: Bay Street’s difficult earnings season begins

https://thelogic.co/news/covid-19-roundup-bay-streets-difficult-earnings-season-begins/

On the first day of what’s expected to be a difficult earnings season for Canadian financial institutions, Scotiabank reported a 41 per cent year-over-year profit drop to $1.13 billion in its fiscal second quarter, while the Canada Pension Plan Investment Board posted a 3.1 per cent return for its fiscal year, its worst performance since the last recession