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Indigo Books & Music Inc. is laying off temporarily 5, 200 of its retail employees starting today after deciding to keep its stores closed indefinitely during the COVID 19 outbreak. The Toronto based...
Business
TORONTO It’s as if the COVID 19 epidemic had tripped a circuit breaker, shutting off all power to a city the size of Ottawa. Virus induced restrictions that have shut down...
Business
TORONTO Indigo Books & Music Inc. is laying off temporarily 5, 200 of its retail employees starting today after deciding to keep its stores closed indefinitely during the...
Business
The report made public this morning also warns that the deficit for the current fiscal year, which closes March 31, could be $26.7 billion, which would be an increase of...
Business
Virus induced restrictions that have shut down large swaths of normal commercial life across Canada has led to a noticeable drop in demand for power in Ontario, insiders said on Friday....
Business
Waste haulers tend to be a resilient bunch in a downturn, hence GFL Environmental Inc.’s ability to complete its IPO even amid the early stages of a market sell off. The...
Business
TORONTO Small and medium business owners and entrepreneurs got a boost from Prime Minister Justin Trudeau on Friday as he handed more out relief for companies grappling amid COVID 19....
Business
Looser bankruptcy rules would help save U.K. companies and preserve jobs amid the economic fallout from the coronavirus outbreak, according to representatives of some of the world’s largest accounting firms....
Business
CALGARY An oil and gas analyst says record low prices for oilsands crude could lead to up to 20 per cent of Canada’s thermal bitumen production being shut down...
Business
The Bank of Canada slashed its benchmark interest rate by a half point on March 27, dropping the benchmark to 0.25 per cent, the lowest the central bank thinks it...
Business
Save the Beer. That’s the rallying cry for microbreweries in the Czech Republic, the home of the world’s most avid beer drinkers. While the shutdown of society to staunch in...
Business
MONTREAL Molson Coors Beverage Co. says it is withdrawing its financial outlook for the 2020 financial year and beyond due to uncertainty about the impacts of the ongoing COVID 19...
Business
The European Central Bank sent a powerful signal to investors that it will aggressively support Italy and other indebted eurozone countries that are battling the coronavirus , starting purchases under...
Business
The Bank of Canada slashed interest rates for a third time in a matter of weeks and announced plans to acquire more commercial paper and government securities to help shield...
Business
WASHINGTON—Treasury Secretary Steven Mnuchin indicated that the U.S. government would take stakes in airlines in exchange for billions of dollars in direct grants to the companies, according to people familiar...
Business
Financial markets have reversed course after a three day rally, dropping sharply as consumer confidence plummets amid the coronavirus pandemic. Wall Street s main indexes were more than 3 down...
Business
AURORA, Ont. Magna International Inc. has withdrawn its 2020 outlook because of the “high degree of business uncertainty” caused by the COVID 19 pandemic. The Aurora, Ont. based auto parts company...
Business
MONTREAL Reitmans Canada Ltd. is laying off 90 per cent of its Canadian retail store workers and 30 per cent of its Montreal head office employees after closing stores...
Business
General Motors said on Thursday it would suspend production at its North American factories indefinitely, lay off 6, 500 salaried employees and cut executive pay, signalling that the automaker believes that...
Business
Sports Direct boss Mike Ashley has said he is deeply apologetic for a series of blunders in the way his chain has reacted to the coronavirus lockdown. The retailer lobbied...