Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (13,716.33, up 1,207.88 points). Bombardier Inc. (TSX:BBD.B). Industrials. Up 14 cents, or 21.88 per cent, to $0.78 on 25.51 million shares. Suncor Energy Inc. (TSX:SU). Energy. Up $1.90, or 9.25 per cent, to $22.45 on 21.5 million shares. Manulife Financial Corp. (TSX:MFC). Financials. Up... Read More

Parliament among widespread closures due to COVID-19 as banks warn of recession

Parliament among widespread closures due to COVID-19 as banks warn of recession
TORONTO — The suspension of Parliament, billions of dollars in extra federal spending, and recommendations against leaving the country were among extraordinary steps public and private sector organizations were taking Friday to try to curb a pandemic that has sparked concerns Canada is headed for a recession. The all-party decision to stop sitting in the House of Commons until April 20 came... Read More

Movie theatres, for now, stay open nationwide

Movie theatres, for now, stay open nationwide
NEW YORK — Movie theatres have long acted as a refuge in times of war and recession. Its screens have flickered virtually unabated for the last century. But the coronavirus presents a rare case and an acute crisis for a medium already under threat by the advent of streaming services. With few exceptions, movie theatres across North America are remaining... Read More

WestJet flight attendants anticipate layoffs due to COVID-19

WestJet flight attendants anticipate layoffs due to COVID-19
CALGARY — The union representing WestJet flight attendants is expecting layoffs of more than 50 per cent of its staff as the number of flight cancellations continues to mount amid the COVID-19 outbreak. An internal memo sent to union officials and obtained by The Canadian Press says that travellers are rebooking “in such massive numbers” that the situation became grave “overnight.” Chris Rauenbusch,... Read More

List of oil producers cutting budgets lengthens with Husky, ARC and more

List of oil producers cutting budgets lengthens with Husky, ARC and more
CALGARY — Canada’s oil and gas producers are continuing to cut billions of dollars from capital spending budgets and reduce payouts to investors in the wake of this week’s sharp plunge in oil prices. Calgary-based ARC Resources Ltd. said Friday it will chop its 2020 spending budget from $500 million to no more than $300 million and cut its monthly dividend to two cents... Read More

ARC Resources cuts capital budget for 2020, slashes dividend payment

ARC Resources cuts capital budget for 2020, slashes dividend payment
CALGARY — ARC Resources Ltd. cut its capital budget and slashed its dividend to help deal with the plunge on commodity markets. The oil and gas producer says it has reduced its capital budget for this year to no more than $300 million compared with an earlier plan to spend $500 million. ARC also says it will start paying a... Read More

RBC predicts economy will fall into a recession due to COVID-19 and drop in oil

RBC predicts economy will fall into a recession due to COVID-19 and drop in oil
TORONTO — Royal Bank is predicting Canada will fall into a recession later this year as the economy is weighed down by the impact of COVID-19 and the plunge in oil prices. The bank is predicting Canada’s economy will grow at an annualized pace of 0.8 per cent in the first quarter, but then contract in the second and third... Read More

Nations employ drastic tactics to fight microscopic foe

Nations employ drastic tactics to fight microscopic foe
MADRID — Tens of millions of students stayed home on three continents, security forces went on standby to guard against large gatherings of people, and bars, restaurants and offices closed Friday to slow the spread of the coronavirus pandemic. The virus edged ever closer to the world’s power centres, with positive tests for the Canadian prime minister’s wife, a top... Read More