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Social Security and Medicare funds at risk even before virus

Social Security and Medicare funds at risk even before virus

WASHINGTON — The financial condition of the government’s two biggest benefit programs remains shaky, with Medicare expected to become insolvent in just six years, while Social Security will be unable to pay full benefits starting in 2035, the governm
Rogers says COVID's impact is manageable, braces for worse second quarter

Rogers says COVID's impact is manageable, braces for worse second quarter

TORONTO — Rogers Communications Inc. felt the first financial bite from the COVID-19 pandemic during the tail end of its first quarter and senior executives said Wednesday they expect conditions will get worse in months to come.

Investment fund assets down 10% in March as COVID-19 worries spread

TORONTO — The Investment Funds Institute of Canada says fund holdings dropped by about 10 per cent in March from a month earlier, as investors worried about the economic impacts of the COVID-19 pandemic.

B.C. securities panel orders companies, founders to pay $37 million in fines

VANCOUVER — A group of companies and its founders have been fined nearly $37 million by a B.C. Securities Commission panel that says they misled investors, conducted unregistered trading and illegally sold securities.
Energy sector shutting down oil production as low crude oil prices persist

Energy sector shutting down oil production as low crude oil prices persist

Calgary-based energy companies are continuing to reduce production, cut spending and trim costs as volatile oil prices remain stubbornly below profitable levels. Enerplus Corp.

Delta's 1st quarterly loss in 5+ years; worse is on the way

Delta Air Lines, the biggest and most profitable U.S. airline, lost $534 million in the first quarter, a setback that will appear trivial when the full force of the pandemic is revealed in the current quarter.
Greater Toronto Area home sales down 69 per cent mid-way through April

Greater Toronto Area home sales down 69 per cent mid-way through April

TORONTO — The Toronto Regional Real Estate Board says home sales were down 69 per cent in the first 17 days of April compared with a year ago as the COVID-19 outbreak put a chill on market activity.
Annual inflation rate cooled in March to 0.9 per cent as pandemic took hold

Annual inflation rate cooled in March to 0.9 per cent as pandemic took hold

OTTAWA — The annual pace of inflation in Canada posted its biggest one-month decline in more than a decade, dropping below one per cent in March as the price of oil collapsed and the economy was first gripped by the COVID-19 pandemic.
Metro revenue continues to rise after COVID-19 buying rush levels off

Metro revenue continues to rise after COVID-19 buying rush levels off

One of Canada's largest grocery store chains has seen sales level off after the arrival of the COVID-19 pandemic sent shoppers flocking to grocery stores, but Metro Inc.
AP source: A-Rod, J-Lo retain JP Morgan in bid for Mets

AP source: A-Rod, J-Lo retain JP Morgan in bid for Mets

NEW YORK — Alex Rodriguez, once again, wants to be like Derek Jeter. A-Rod and Jennifer Lopez, who are engaged, have retained J.P. Morgan to represent them in raising capital for a possible bid for the New York Mets.