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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.
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.

Why empty shelves don't mean we're out of food: How Canada's supply chain works

Shoppers are facing empty shelves at some stores due to unprecedented demand for food and other goods even as grocers assure Canadians coping with the COVID-19 outbreak that plenty of new items are on the way and manufacturers say they have the raw m
Asian stocks mixed as economic toll of virus worsens

Asian stocks mixed as economic toll of virus worsens

BEIJING — Asian stocks were meandering Thursday after a White House warning that as many as 240,000 Americans might die of the coronavirus sent Wall Street tumbling and signs of the outbreak's global economic cost increased.

DesRosiers says auto sales plunged 48% in March from last year due to outbreak

TORONTO — DesRosiers Automotive Consultants Inc. says auto sales plunged 48 per cent in March from last year because of the Covid-19 pandemic.

Shopify suspends outlook for 2020 even though Q1 to meet or exceed expectations

OTTAWA — Shopify Inc. says it is suspending its financial outlook for the year because of the uncertainty stemming from COVID-19.
Sophie Brochu appointed first woman chief executive of Hydro-Quebec

Sophie Brochu appointed first woman chief executive of Hydro-Quebec

MONTREAL — The former head of Energir will be the first woman to become chief executive of Hydro-Quebec. Sophie Brochu takes over for Eric Martel on Monday, the same day he becomes chief executive of Bombardier Inc., replacing Alain Bellemare.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (12,861.93, down 516.82 points.) TC Energy Corp. (TSX:TRP). Down $4.69, or 7.5 per cent, to $57.86 on 15.1 million shares.
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