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Lumber producer Canfor cuts production and capital spending due to COVID-19

Lumber producer Canfor cuts production and capital spending due to COVID-19

VANCOUVER — Canfor Corp. is cutting production and reducing capital spending as it deals with the COVID-19 outbreak. The Vancouver-based lumber producer says it has reduced its planned capital spending by $20 million for Canadian and U.S. operations.
B.C. government to release its estimates on the spread of COVID-19

B.C. government to release its estimates on the spread of COVID-19

VICTORIA — The British Columbia government is expected to release its modelling information on COVID-19 today. Health Minister Adrian Dix says the report will be an indicator of how many people may become infected with the virus.
Netflix reduces video quality in Canada to lower internet bandwidth use

Netflix reduces video quality in Canada to lower internet bandwidth use

TORONTO — Netflix is lowering video quality for its subscribers in Canada as it attempts to reduce soaring demands on internet bandwidth in the midst of the COVID-19 pandemic.
Pandemic fallout: NCAA slashes distribution by $375 million

Pandemic fallout: NCAA slashes distribution by $375 million

Cancelling March Madness because of the coronavirus pandemic will cost the NCAA about $375 million that it would have distributed to 350 schools across the nation. Some will be able to absorb the losses better than others.
World leaders vow to co-ordinate virus response in video call

World leaders vow to co-ordinate virus response in video call

DUBAI, United Arab Emirates — The head of the United Nations told leaders of the world’s 20 major industrialized nations during an emergency virtual summit Thursday that "we are at war with a virus — and not winning it” despite dramatic measures by c
Cirque du Soleil considering options after closing shows, laying off most staff

Cirque du Soleil considering options after closing shows, laying off most staff

MONTREAL — Cirque du Soleil says it hasn't made a decision on steps it will take to stay afloat after cancelling all of its shows and laying off almost all of its employees due to the COVID-19 pandemic.
Lululemon withholds guidance for 2020 due to COVID-19 as Q4 profits rise

Lululemon withholds guidance for 2020 due to COVID-19 as Q4 profits rise

VANCOUVER — Athleisure retailer Lululemon Athletica Inc. declined to provide a financial outlook for its current fiscal year as the impact of the COVID-19 pandemic unfolds.
3.3 million seek US jobless aid, nearly 5 times earlier high

3.3 million seek US jobless aid, nearly 5 times earlier high

WASHINGTON — Nearly 3.3 million Americans applied for unemployment benefits last week — almost five times the previous record set in 1982 — amid a widespread economic shutdown caused by the coronavirus.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (13,371.17 , up 243.94 points.) Aurora Cannabis Inc. (TSX:ACB). Health care. Up 20 cents, or 18.87 per cent, to $1.26 on 27.
TSX makes back a third of losses on first three-day rally since highs

TSX makes back a third of losses on first three-day rally since highs

TORONTO — Canada's main stock index has made back about a third of its recent losses with the first three-day rally since hitting a record high in February. The S&P/TSX composite index closed 243.94 points or 1.8 per cent higher at 13,371.17.