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Hit by virus, US airlines seek aid far exceeding post-9-11
With each day that the coronavirus outbreak spreads and claims more lives, the damage to global airlines rises too. U.S. carriers on Monday put a price tag on their pain: They asked the federal government for more than $50 billion in rescue aid.
Mar 16, 2020 9:58 PM
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NewsAlert: Cineplex to close theatres nationwide in response to COVID-19
TORONTO — Cineplex Inc. says it's closing its 165 theatres nationwide until at least April 2 in response to the COVID-19 outbreak. The company says it will also close entertainment complexes The Rec Room and Playdium. More coming. The Canadian Press
Mar 16, 2020 9:10 PM
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Several banks again lowering prime lending rate, this time to 2.95 per cent
TORONTO — Several Canadian banks and financial institutions have dropped their prime lending rate by 50 basis points for the second time in two weeks, this time to 2.95 per cent.
Mar 16, 2020 7:23 PM
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Chinese company abandons $1.8B Arkansas paper mill plan
LITTLE ROCK, Ark. — A Chinese company has abandoned its plan to build a massive paper mill in southwestern Arkansas that had already been delayed by trade tensions. Sun Paper told Gov.
Mar 16, 2020 6:48 PM
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Federal bureaucrats cautious about network overload as remote work increases
TORONTO — Federal government managers and employees have been advised to take precautions to manage the load on communications systems as Canadians shift to remote working conditions during the novel coronavirus outbreak.
Mar 16, 2020 6:33 PM
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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.
Mar 16, 2020 5:57 PM
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Tim Hortons moving to take-out, drive-thru and delivery only starting Tuesday
TORONTO — Tim Hortons parent company Restaurant Brands International Inc. says it is asking Canadian restaurant owners to provide take-out, drive-thru and delivery only in an effort to reduce the spread of COVID-19.
Mar 16, 2020 5:53 PM
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Cinemas across U.S. close for pandemic
NEW YORK — U.S. movie theatres nationwide are preparing to shut down after President Donald Trump announced new guidelines urging against gatherings of more than 10 people because of the coronavirus pandemic.
Mar 16, 2020 5:50 PM
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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.
Mar 16, 2020 5:27 PM
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Air Canada halves capacity as shares drop amid 'severe drop in traffic'
MONTREAL — Air Canada is halving its seat capacity in the second quarter and withdrawing its earnings forecast for 2020 and 2021 amid a "severe drop in traffic" due to the novel coronavirus.
Mar 16, 2020 5:11 PM
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