Stocks rebound from big losses on hope for US economic aid

Stocks rebound from big losses on hope for US economic aid
NEW YORK — Stocks on Tuesday recouped most of their historic losses from the prior day as hopes rose, faded and then bloomed again on Wall Street that the U.S. government will try to cushion the economic pain from the coronavirus. The day’s moves were a microcosm of the severe swings that have dominated recent weeks, and market watchers say... Read More

Enbridge moving May annual meeting online due to coronavirus concerns

Enbridge moving May annual meeting online due to coronavirus concerns
CALGARY — Enbridge Inc. is moving its annual meeting in May online because of concerns about the spread of novel coronavirus. The Calgary-based energy company says the change for the May 5 event was made “out of an abundance of caution” and to mitigate risks to the health and safety of shareholders, employees and stakeholders. In a letter to shareholders... Read More

B.C. plans for worst on COVID-19, Premier John Horgan

B.C. plans for worst on COVID-19, Premier John Horgan
SURREY, B.C. — B.C. Premier John Horgan says the provincial government is preparing for the worst on COVID-19. Horgan says public health institutions are well placed to cope with the novel coronavirus, having learned lessons from the SARS outbreak in 2003 and the H1N1 pandemic in 2009. He told the Surrey Board of Trade today that the virus will affect the economy... Read More

Virus disrupts Italy as infections top 10K, deaths at 631

Virus disrupts Italy as infections top 10K, deaths at 631
ROME — The boisterous hum of Rome dwindled to a whisper and police patrols kept people apart in cafes as Italy enforced an extraordinary, sweeping lockdown Tuesday in hopes of not becoming the next epicenter of the spreading coronavirus epidemic now that life in China is edging back to normal. Infections in Italy topped the 10,000 mark with 10,149 cases... Read More

North American stock markets partially rebound on stimulus hope and higher crude

North American stock markets partially rebound on stimulus hope and higher crude
TORONTO — Canada’s main stock index partially rebounded from its worst one-day decline in more than 30 years on the promise of fiscal stimulus by the U.S. and other governments and a lift in oil prices. The S&P/TSX composite index gained as much as 543 points or 3.7 per cent in early trading before the rally fizzled and it started to lose... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (14,958.09, up 443.85 points.)  Baytex Energy Corp. (TSX:BTE). Energy. Up one cent, or 1.59 per cent, to 64 cents on 23 million shares. Cenovus Energy Inc. (TSX:CVE). Energy. Up 43 cents, or 11.26 per cent, to $4.25 on 20.6 million shares. Enbridge Inc. (TSX:ENB). Energy. Up $1.74,... Read More

Consider what you need if you are thinking about taking on a side hustle

Consider what you need if you are thinking about taking on a side hustle
TORONTO — Sara McIntyre started her side business by accident. The Toronto-based law clerk had been making soaps in her spare time as a hobby. After crafting a few for a coworker, she realized they would sell — so in 2016, she invested a bit of spare money into supplies and launched Sara’s Soaps and Candles. She began trading her products on Bunz, a... Read More

TSX regains some ground on promise of U.S. stimulus and portfolio adjustments

TSX regains some ground on promise of U.S. stimulus and portfolio adjustments
TORONTO — Canada’s main stock index saw a tepid rebound a day after suffering its worst one-day decline in more than 30 years following the promise of fiscal stimulus by the U.S. and other governments and portfolio adjustments by investors. The S&P/TSX composite index gained as much as 543 points or 3.7 per cent in early trading before the rally fizzled as... Read More

Manitoba government to cut payroll tax in Wednesday’s budget

Manitoba government to cut payroll tax in Wednesday’s budget
WINNIPEG — The Manitoba government says it’s going to reduce its so-called payroll tax in tomorrow’s provincial budget. The tax, formally called the health and post-secondary education levy, applies to employers with annual salaries of more than $1.25 million. Finance Minister Scott Fielding says the government is going to raise that base to $1.5 million as of next January — the first... Read More

Airlines slash flights, freeze hiring as virus cuts travel

Airlines slash flights, freeze hiring as virus cuts travel
Airlines are slashing flights and freezing hiring as they experience a sharp drop in bookings and a rise in cancellations in the face of the spreading coronavirus. Southwest Airlines CEO Gary Kelly says the outbreak might do more damage to airlines than the terror attacks of 2001 did. An industry trade group has issued the same warning. Delta Air Lines... Read More