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Several banks again lowering prime lending rate, this time to 2.95 per cent

TORONTO — Several Canadian banks and financial institutions have dropped their prime lending rate by 50 basis points for the second time in two weeks, this time to 2.95 per cent.
Chinese company abandons $1.8B Arkansas paper mill plan

Chinese company abandons $1.8B Arkansas paper mill plan

LITTLE ROCK, Ark. — A Chinese company has abandoned its plan to build a massive paper mill in southwestern Arkansas that had already been delayed by trade tensions. Sun Paper told Gov.
Federal bureaucrats cautious about network overload as remote work increases

Federal bureaucrats cautious about network overload as remote work increases

TORONTO — Federal government managers and employees have been advised to take precautions to manage the load on communications systems as Canadians shift to remote working conditions during the novel coronavirus outbreak.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (12,360.40, down 1,355.93 points.) Bombardier Inc. (BBD.B) Industrials. Down 17 cents, or 21.8 per cent to $0.61 on 22.6 million shares.
Tim Hortons moving to take-out, drive-thru and delivery only starting Tuesday

Tim Hortons moving to take-out, drive-thru and delivery only starting Tuesday

TORONTO — Tim Hortons parent company Restaurant Brands International Inc. says it is asking Canadian restaurant owners to provide take-out, drive-thru and delivery only in an effort to reduce the spread of COVID-19.
Cinemas across U.S. close for pandemic

Cinemas across U.S. close for pandemic

NEW YORK — U.S. movie theatres nationwide are preparing to shut down after President Donald Trump announced new guidelines urging against gatherings of more than 10 people because of the coronavirus pandemic.
North American stock markets sink amid falling crude prices and spreading virus

North American stock markets sink amid falling crude prices and spreading virus

TORONTO — Canada's main stock index hit a 52-week low Monday amid heightened volatility caused by a steep drop in crude oil prices and investor angst over the spread of COVID-19.
Air Canada halves capacity as shares drop amid 'severe drop in traffic'

Air Canada halves capacity as shares drop amid 'severe drop in traffic'

MONTREAL — Air Canada is halving its seat capacity in the second quarter and withdrawing its earnings forecast for 2020 and 2021 amid a "severe drop in traffic" due to the novel coronavirus.
Amazon seeks to hire 100,000 to keep up with surge in orders

Amazon seeks to hire 100,000 to keep up with surge in orders

NEW YORK — Amazon said Monday that it needs to hire 100,000 people across the U.S. to keep up with a crush of orders as the coronavirus spreads and keeps more people at home, shopping online.
Food app services, post office workers urged to minimize contact with deliveries

Food app services, post office workers urged to minimize contact with deliveries

TORONTO — Food service couriers and mail carriers are being encouraged to change the way they handle shipments as more Canadians self-isolate to prevent COVID-19 transmission.