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National Business
National Business
Airports forecast $2-billion loss by June as travel halts amid COVID-19
Canadian airports are confronting the prospect of $2 billion in losses over the next few months as borders shut and planes stay parked due to the COVID-19 pandemic.
Mar 23, 2020 3:15 PM
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PG&E to plead guilty to lethal crimes in 2018 wildfires
SAN FRANCISCO — Pacific Gas & Electric will plead guilty to 84 counts of involuntary manslaughter for a swath of death and destruction left behind after its fraying electrical grid ignited a 2018 wildfire that decimated three Northern California
Mar 23, 2020 2:54 PM
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Kirkland Lake reduces output at Detour Lake Mine to guard against COVID-19
TORONTO — Kirkland Lake Gold Ltd. is cutting back operations at its recently purchased Detour Lake Mine in northern Ontario to protect employees and their communities from the COVID-19 virus.
Mar 23, 2020 2:45 PM
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Cineplex Inc., MEC enact mass layoffs amid COVID-19 store, theatre closures
Mountain Equipment Co-Op and Cineplex Inc. have laid off thousands of employees as the companies closed stores and theatres as instructed by various governments in an effort to stem the transmission of COVID-19.
Mar 23, 2020 2:42 PM
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Fed makes strongest bid yet to protect firms and governments
WASHINGTON — The Federal Reserve is unleashing its boldest effort yet to protect the U.S. economy from the coronavirus by helping companies and governments pay their bills and survive a devastating crisis.
Mar 23, 2020 2:41 PM
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Toronto, Ontario and Vancouver real estate boards urge suspension of open houses
TORONTO — The Toronto Regional and Ontario real estate boards have urged realtors to stop holding open houses because of the COVID-19 pandemic, following a similar move by the Greater Vancouver Area board last week.
Mar 23, 2020 2:39 PM
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Travel company Transat AT lays off 3,600 staff, about 70 per cent of workforce
MONTREAL — Transat AT Inc. has temporarily laid off about 70 per cent of its workforce in Canada, about 3,600 people, as it looks to stop flying on April 1.
Mar 23, 2020 11:56 AM
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IIROC fines TD Waterhouse Canada $4 million plus costs for disclosure omission
TORONTO — The Investment Industry Regulatory Organization of Canada has fined TD Waterhouse Canada Inc. $4 million for failing to include position cost information in quarterly retail client account statements for certain securities positions.
Mar 23, 2020 11:53 AM
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Ensign Energy Services cuts capital spending plan, executive salaries
CALGARY — Ensign Energy Services Inc. is cutting its capital budget and says its top executives will take a pay cut as it moves to deal with the crash in the oilpatch due to COVID-19 and the oil price war between Russia and Saudi Arabia.
Mar 23, 2020 10:54 AM
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Bus maker NFI Group to idle a majority of its facilities, laying off some staff
WINNIPEG — NFI Group Inc. says about 6,500 employees will be affected by idling a majority of its facilities for a two-week period starting March 30, if not sooner, as it works to deal with the impact of the COVID-19 pandemic.
Mar 23, 2020 9:50 AM
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