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National Business
Food app services, post office workers urged to minimize contact with deliveries
TORONTO — Food service couriers and mail carriers are being encouraged to change the way they handle shipments as more Canadians self-isolate to prevent COVID-19 transmission.
Mar 16, 2020 4:08 PM
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Spring breakup slowdown offers needed pause for hard-hit drilling industry
CALGARY — It's a "glass half-full" way of looking at a crisis but as plunging oil prices cast a shadow over oil and gas companies in Western Canada, the drilling industry is already slowing down because of the weather.
Mar 16, 2020 2:19 PM
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Former Aurora Cannabis CEO Terry Booth sells 12.2M shares in company
EDMONTON — Aurora Cannabis Inc. says founder and former chief executive Terry Booth has sold nearly 12.2 million shares in the company into the open market.
Mar 16, 2020 1:24 PM
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CREA reports home sales up in February, average price climbs higher
OTTAWA — Home sales in February were up sharply compared with February 2019 when sales hit a decade-low for the month, the Canadian Real Estate Association said Monday.
Mar 16, 2020 12:55 PM
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MTY Food Group pushes back collection of franchisee royalties as stock plunges
MONTREAL — MTY Food Group Inc. says it will postpone the collection of royalties from franchisees for four weeks as its stock plummeted amid decreased demand triggered by COVID-19.
Mar 16, 2020 11:58 AM
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Stocks nosedive on Wall Street, triggering trading halt
NEW YORK — Stocks dropped 9% in early trading Monday on Wall Street as huge swaths of the economy come closer to shutting down, from airlines to restaurants.
Mar 16, 2020 10:06 AM
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One-Two Punch: Patterson and Alexander team up on Ali book
NEW YORK — Authors James Patterson and Kwame Alexander are teaming up on a book for young people about Muhammad Ali.
Mar 16, 2020 9:27 AM
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CEOs call on other business leaders to focus on slowing COVID-19 spread
TORONTO — An open letter from a group of Canada's top executives urged other business leaders across the country to make slowing the spread of COVID-19 their "singular objective.
Mar 16, 2020 9:24 AM
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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.
Mar 16, 2020 7:53 AM
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Asian stock markets, US futures sink after Fed's rate cut
BEIJING — Asian stock markets and U.S. futures fell Monday after the Federal Reserve slashed its key interest rate to shore up economic growth in the face of mounting global anti-virus controls that are shutting down business and travel.
Mar 15, 2020 11:22 PM
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