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Postmedia delays Q2 report to late May because of uncertainty caused by COVID

Postmedia delays Q2 report to late May because of uncertainty caused by COVID

TORONTO — Postmedia Network Canada Corp. will delay the release of its next quarterly report by as much as six weeks as a result of relaxed filing rules that have been put in place by securities regulators because of the COVID-19 pandemic.
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Trican Well Service cuts jobs, salaries as low oil prices stall drilling plans

Trican Well Service cuts jobs, salaries as low oil prices stall drilling plans

CALGARY — Trican Well Service Ltd. says it has cut its employee costs by half through salary reductions, layoffs and job sharing in reaction to a severe slowdown in drilling activity due to low oil prices.
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Winnipeg Free Press begins2 weeks of pay reductions for union, management

Winnipeg Free Press begins2 weeks of pay reductions for union, management

WINNIPEG — Unionized workers of the Winnipeg Free Press have accepted a temporary' wage cut requested by the newspaper's publisher, who said last week the newspaper needs flexibility to survive a collapse in advertising revenue since the COVID-19 cri
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CAE temporarily laying off 2,600, cutting salaries, suspending dividend

CAE temporarily laying off 2,600, cutting salaries, suspending dividend

MONTREAL — CAE Inc. is temporarily laying off about a quarter of its staff, cutting salaries and suspending its dividend and share repurchase plan in response to the COVID-19 pandemic.
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Chorus Aviation suspends dividends, lays off staff and cuts executive salaries

Chorus Aviation suspends dividends, lays off staff and cuts executive salaries

HALIFAX — Chorus Aviation Inc. is suspending its dividend, temporarily laying off staff and cutting executive salaries as it deals with the fallout from COVID-19.
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MTY Food Group suspends dividend, lays off over half of its staff; 2,100 restaurants

MTY Food Group suspends dividend, lays off over half of its staff; 2,100 restaurants

MONTREAL — MTY Food Group Inc. has suspended its quarterly dividend, temporarily laid off over half of its workforce and reduced the base salaries of its leadership team.
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Parkland Fuel nears completion of maintenance work at B.C. refinery

Parkland Fuel nears completion of maintenance work at B.C. refinery

CALGARY — Parkland Fuel Corp. says it is close to finishing the maintenance work at its refinery in Burnaby, B.C. The Calgary-based company says it has begun the startup sequence at the facility.
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Japan PM to declare state of emergency as early as Tuesday

Japan PM to declare state of emergency as early as Tuesday

TOKYO — Japanese Prime Minister Shinzo Abe said that he will declare a state of emergency for Tokyo and six other prefectures as early as Tuesday to bolster measures to fight the coronavirus outbreak, but that there will be no hard lockdowns.
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Work camp operator filling need for COVID-19 field hospitals, testing centres

Work camp operator filling need for COVID-19 field hospitals, testing centres

CALGARY — A Calgary company says it has received more than 100 requests over the past two weeks to set up field hospitals, quarantine accommodations, testing centres and other temporary structures needed for the COVID-19 pandemic.
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Some banks offer reduced credit card interest rate for clients affected by virus

Some banks offer reduced credit card interest rate for clients affected by virus

TORONTO — Several of Canada's largest banks are offering reduced interest rates on personal credit cards for Canadians in financial hardship due to the COVID-19 pandemic.
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