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Economic fallout mounts, along with competition for gear

Economic fallout mounts, along with competition for gear

NEW YORK — The coronavirus outbreak has thrown 10 million Americans out of work in just two weeks, the swiftest, most stunning collapse the U.S.
Stock market crash may force some investors to postpone retirements, say experts

Stock market crash may force some investors to postpone retirements, say experts

TORONTO — The biggest market downturn in more than a decade has rattled nerves and may ultimately force some investors to postpone their approaching retirements, say experts.
Canadian banks gear up for virtual AGMs to stop the spread of COVID-19

Canadian banks gear up for virtual AGMs to stop the spread of COVID-19

TORONTO — When Robert Prichard welcomed shareholders to Bank of Montreal’s annual general meeting on Tuesday, it was the first time the company's board chairman had done so without standing before shareholders in person.
CN Rail notches record grain movement for March as it clears blockade backlog

CN Rail notches record grain movement for March as it clears blockade backlog

MONTREAL — Canadian National Railway Co. hit an all-time record for March grain movement. Chief operating officer Rob Reilly says the 2.62 million tonnes of grain is a 6.1 per cent increase from 2017, the previous record for March.
Statistics Canada reports trade deficit narrowed in February to $983 million

Statistics Canada reports trade deficit narrowed in February to $983 million

OTTAWA — Canada's merchandise trade deficit narrowed to $983 million in February compared with $1.7 billion in January, as the economic impact of COVID-19 showed some of its first signs with a drop in trade with China.
Energy leads stocks higher in Toronto as oil soars after Trump tweet

Energy leads stocks higher in Toronto as oil soars after Trump tweet

TORONTO — The energy sector helped Canada's main stock index post a triple-digit advance in late-morning trading as the price of oil shot higher after U.S. President Donald Trump tweeted that he expected Saudi Arabia and Russia to cut production.
A record 10 million sought US jobless aid in past 2 weeks

A record 10 million sought US jobless aid in past 2 weeks

WASHINGTON — More than 6.6 million Americans applied for unemployment benefits last week — doubling a record high set just one week earlier — a sign that layoffs are accelerating in the midst of the coronavirus outbreak.
Vancouver home sales up 46% in March, but show signs of slowing due to outbreak

Vancouver home sales up 46% in March, but show signs of slowing due to outbreak

VANCOUVER — The Real Estate Board of Greater Vancouver says home sales started off strong in March but tapered as the COVID-19 outbreak intensified. It says that despite the slowdown, overall sales for the month were still up 46.
Canadian miners suspend work in Mexico as non-essential businesses stop

Canadian miners suspend work in Mexico as non-essential businesses stop

TORONTO — Canadian mining companies with assets in Mexico moved to suspend operations in the country as the Mexican government ordered non-essential businesses to close in an effort to slow the spread of COVID-19. Agnico Eagle Mines Ltd.
Cenovus Energy suspends dividend, cuts capital spending plan, salaries

Cenovus Energy suspends dividend, cuts capital spending plan, salaries

CALGARY — Cenovus Energy Inc. is temporarily suspending its dividend and cutting its capital spending plan by an additional $150 million on top of a reduction announced last month.
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