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Airbus cuts production by a third as airlines struggle

Airbus cuts production by a third as airlines struggle

LONDON — European planemaker Airbus said Wednesday it is reducing production by about a third as demand for aircraft and travel plummets due to the coronavirus pandemic.
Europe struggles to agree on economic response to virus

Europe struggles to agree on economic response to virus

BRUSSELS — European governments remained at loggerheads Wednesday over measures to help the economy weather the coronavirus outbreak, breaking off a meeting of finance officials who clashed over aid conditions and proposals to borrow together to pay
UK's Johnson in ICU with coronavirus, condition improving

UK's Johnson in ICU with coronavirus, condition improving

LONDON — British Prime Minister Boris Johnson remains in intensive care with the coronavirus but is improving and sitting up in bed, a senior government minister said Wednesday, as the U.K. recorded its biggest spike in COVID-19 deaths to date.
Why Canadian dairy farmers are dumping milk amid COVID-19 demand changes

Why Canadian dairy farmers are dumping milk amid COVID-19 demand changes

Some Canadian dairy farmers started dumping milk last week to rid the system of surplus production as demand from restaurants plummeted amid the COVID-19 pandemic that forced eateries across the country to close their doors.
Head of RBC says not to expect quick economic recovery as caution will be needed

Head of RBC says not to expect quick economic recovery as caution will be needed

TORONTO — The head of the Royal Bank of Canada is warning the economic recovery from the COVID-19 pandemic will likely be slower and more uneven than originally thought.
Impact of COVID-19 will be more profound than 9/11 attacks: CIBC's Dodig

Impact of COVID-19 will be more profound than 9/11 attacks: CIBC's Dodig

TORONTO — COVID-19 will have a more profound impact on the world than the Sept. 11 terrorist attacks on the United States nearly two decades ago, says the chief executive of the Canadian Imperial Bank of Commerce.
COVID-19 plan key part of Keystone XL construction acceleration, says CEO

COVID-19 plan key part of Keystone XL construction acceleration, says CEO

The CEO of TC Energy Corp. says the company is fine-tuning its plan to guard against the spread of COVID-19 as it moves ahead with site preparation for the US$8-billion Keystone XL Pipeline project.
Maple Leaf halts work at Ontario poultry plant after three COVID-19 cases

Maple Leaf halts work at Ontario poultry plant after three COVID-19 cases

MISSISSAUGA, Ont. — Maple Leaf Foods Inc. is suspending operations in its poultry plant in Brampton, Ont., after three employees at the facility tested positive for COVID-19.
Canadian Natural Resources president OK with Canada joining oil supply pact

Canadian Natural Resources president OK with Canada joining oil supply pact

The president of Canadian Natural Resources Ltd. says he supports the idea of Canada taking part in an international agreement to reduce production to support global oil prices.
Vancity temporarily cuts credit card interest rates to zero for those in need

Vancity temporarily cuts credit card interest rates to zero for those in need

VANCOUVER — Vancity is temporarily cutting credit card interest rates to zero and deferring minimum payments for those facing financial difficulty as a result of COVID-19.