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Hit by virus, US airlines seek aid far exceeding post-9-11

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.
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NewsAlert: Cineplex to close theatres nationwide in response to COVID-19

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
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Several banks again lowering prime lending rate, this time to 2.95 per cent

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.
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Chinese company abandons $1.8B Arkansas paper mill plan

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.
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Federal bureaucrats cautious about network overload as remote work increases

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.
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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.
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Tim Hortons moving to take-out, drive-thru and delivery only starting Tuesday

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.
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Cinemas across U.S. close for pandemic

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.
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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.
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Air Canada halves capacity as shares drop amid 'severe drop in traffic'

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.
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