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UK interest rates cut, funds freed up to ease virus impact

UK interest rates cut, funds freed up to ease virus impact

LONDON — Britain took bold steps on Wednesday to cushion the economic shock of the coronavirus outbreak, as the government announced a 30 billion-pound ($39 billion) stimulus package and the Bank of England slashed its key interest rate to a record l
Report sounds alarm over truck driver shortage as job vacancies rise

Report sounds alarm over truck driver shortage as job vacancies rise

MONTREAL — Canada's truck driver shortage has reached new heights, with job vacancies more than doubling since 2016, a new report says. A shortage of more than 20,000 drivers has hampered truck company expansions and hurt sales, costing nearly $3.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (14,270.09, down 688 points). Cenovus Energy Inc. (TSX:CVE). Energy. Down nine cents, or 2.12 per cent, to $4.16 on 23.
Birchcliff joins Seven Generations and MEG in cuts to 2020 capital spending

Birchcliff joins Seven Generations and MEG in cuts to 2020 capital spending

CALGARY — Players in Canada's oilpatch are continuing to cut capital spending plans in the wake of this week's sharp plunge in oil prices. After markets closed Wednesday, Birchcliff Energy Ltd.
Toronto stock market and Dow cross into bear markets after pandemic declared

Toronto stock market and Dow cross into bear markets after pandemic declared

TORONTO — Canada's main stock index crossed into bear market territory Wednesday in the wake of the World Health Organization declaring the COVID-19 outbreak a pandemic. The S&P/TSX composite index closed down 688 points or 4.
Air Canada cancels order for 11 Boeing 737 Max jets amid ongoing questions

Air Canada cancels order for 11 Boeing 737 Max jets amid ongoing questions

MONTREAL — Air Canada is cancelling an order for 11 Boeing 737 Max aircraft amid ongoing production delays to the grounded jet, which continues to face questions around its safety.
Event organizers weigh 'difficult' decisions to continue amid COVID-19 fears

Event organizers weigh 'difficult' decisions to continue amid COVID-19 fears

TORONTO — The Metro Toronto Convention Centre should have been bustling Wednesday with guests at a two-day retail, marketing and technology conference, but the event's plans changed with news that a Sudbury man who visited the venue last week had con

'60 Minutes' tops television ratings with coronavirus report

NEW YORK — There's only one television show that can stand atop the weekly ratings and say it did the same thing more than 40 years ago.
Administration weighs delaying tax deadline amid outbreak

Administration weighs delaying tax deadline amid outbreak

WASHINGTON — The Trump administration is working on plans to delay the April 15 federal tax deadline for some taxpayers in a bid to soften the impact of the coronavirus outbreak on the U.S. economy.
Air Canada waives fees on rebookings up to 24 hours before travel due to virus

Air Canada waives fees on rebookings up to 24 hours before travel due to virus

MONTREAL — Air Canada says travellers can rebook recently purchased flights that depart before May without incurring a fee as part of the airline's latest response to the novel coronavirus outbreak.