Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (12,360.40, down 1,355.93 points.) Bombardier Inc. (BBD.B) Industrials. Down 17 cents, or 21.8 per cent to $0.61 on 22.6 million shares. Canadian Natural Resources. (TSX:CNQ). Energy. Down $5.41, or 27.25 per cent, to $14.44 on 18.3 million shares. Kinross Gold Corp. (TSX:K). Materials. Up 83... Read More

North American stock markets sink amid falling crude prices and spreading virus

North American stock markets sink amid falling crude prices and spreading virus
TORONTO — Canada’s main stock index hit a 52-week low Monday amid heightened volatility caused by a steep drop in crude oil prices and investor angst over the spread of COVID-19. The S&P/TSX composite index initially lost about 1,800 point and closed down 9.9 per cent or 1,355.93 points at 12,360.40. In New York, the Dow Jones industrial average had its... Read More

Amazon seeks to hire 100,000 to keep up with surge in orders

Amazon seeks to hire 100,000 to keep up with surge in orders
NEW YORK — Amazon said Monday that it needs to hire 100,000 people across the U.S. to keep up with a crush of orders as the coronavirus spreads and keeps more people at home, shopping online. The online retailer said it will also temporarily raise pay by $2 an hour through the end of April for hourly employees. That includes... Read More

Stocks fall worldwide as coronavirus throttles economies

Stocks fall worldwide as coronavirus throttles economies
NEW YORK — Stocks fell sharply around the world Monday as the coronavirus forced huge swaths of the economy to the edge of a standstill, from parked airplanes to the nearly empty restaurant around the corner. The Federal Reserve announced a new round of emergency actions late Sunday to prop up the economy and get financial markets running smoothly again,... Read More

NY, NJ, Connecticut to close bars, eateries to fight virus

NY, NJ, Connecticut to close bars, eateries to fight virus
NEW YORK — Bars and restaurants will become takeout-only and businesses from movie theatres and casinos to gyms and beyond will be shuttered Monday night throughout New York, New Jersey and Connecticut because of the coronavirus, the states’ governors said. The governors said essential businesses such as supermarkets and gas stations will be able to stay open after 8 p.m.... Read More

Study says few workers have paid leave, qualify for EI if off job due to COVID-19

Study says few workers have paid leave, qualify for EI if off job due to COVID-19
OTTAWA — New research says broad swaths of the Canadian workforce won’t have access to paid leave from their employers or existing federal help should they be forced off the job due to COVID-19. The research note from the Canadian Centre for Policy Alternatives says 38 per cent of sickness leave and 23 per cent of family leave of more than a... Read More

Flames change plans, announce assistance program for employees

Flames change plans, announce assistance program for employees
CALGARY — The company that owns the Calgary Flames is reversing course, saying it will help part-time event staff who will be underemployed during the suspension of the NHL season. The company made the announcement on Sunday — a day after it was made public in an email that Calgary Sports and Entertainment Corporation employees affected by a halt in operations at Scotiabank Saddledome were not... Read More

Virus brings new travel restrictions, lockdowns and closures

Virus brings new travel restrictions, lockdowns and closures
ROME — Daily life came to a grinding halt around much of the world Sunday amid new travel restrictions, border shutdowns and sweeping closures of restaurants and bars aimed to slow the spread of the coronavirus pandemic. The numbers of cases and deaths continued to rise, including in hard-hit Italy where 368 more deaths brought its overall toll to 1,809.... Read More

Crescent Point cuts capital spending and dividend, lowers production guidance

Crescent Point cuts capital spending and dividend, lowers production guidance
CALGARY — Crescent Point Energy Corp. is cutting its capital spending plan by about 35 per cent and slashing is dividend due the recent drop in commodity prices. The company says its now plans $700 million to $800 million in capital spending. That’s compared with earlier capital spending plans for between $1.1 billion and $1.2 billion. Crescent Point also says... Read More