March 31st, 2020

Business

Restaurant price growth will be slower than expected this year: report

By Aleksandra Sagan, The Canadian Press on March 31st, 2020

Restaurant costs for 2020 will be much lower than initially forecast as consumers spend more of their dining-out budgets at grocery stores instead, according to an updated food price report that predicts annual restaurant sales will be slashed in half. “It all comes down to … the result of people having to change the way ... Read More »

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Global stocks mostly rise amid continuing outbreak worries

By Yuri Kageyama, The Associated Press on March 31st, 2020

TOKYO – Global shares were mostly higher after China reported strong manufacturing data, extending an overnight rally on Wall Street. France’s CAC 40 added 1.5% in early trading to 4,443.47. Germany’s DAX gained 2.5% to 10,063.41, while Britain’s FTSE 100 jumped 2.2% to 5,685.74. U.S. shares were set to drift higher, with Dow futures edging ... Read More »

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Most abiding by COVID-19 rules, back fines, arrests of those who aren’t: Poll

By Joan Bryden, The Canadian Press on March 31st, 2020

OTTAWA – Most Canadians are doing what they’re told to prevent the spread of COVID-19 and would support harsher measures to punish those who aren’t, a new poll suggests. Of the 1,590 adults surveyed between March 27 and 29, the vast majority said they were practising social distancing (97 per cent), keeping at least two ... Read More »

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Feds to give more details, including cost, of emergency wage subsidy

By The Canadian Press on March 31st, 2020

OTTAWA – Canadians will get more details today of the massive emergency wage subsidy program launched by the federal government – including the price tag. Finance Minister Bill Morneau and Small Business Minister Mary Ng are to hold a news conference to provide details of how the program will work and how much of a ... Read More »

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Asian stocks rise after Wall Street health-care-led rally

By Yuri Kageyama, The Associated Press on March 30th, 2020

TOKYO – Asian shares surged Tuesday after a rally in U.S. stocks, mostly spurred by health care companies’ announcements of developments that could aid in the coronavirus outbreak. Japan’s benchmark Nikkei 225 rose 0.8% in morning trading to 19,243.91. Australia’s S&P/ASX 200 added 2.0% to 5,285.50, while South Korea’s Kospi picked up 1.6% to 1,743.84. ... Read More »

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‘Ghostbusters,’ ‘Morbius’ postponed to 2021 due to virus

By The Associated Press on March 30th, 2020

NEW YORK – Sony Pictures on Monday cleared out its summer calendar due to the coronavirus, postponing the releases of Jason Reitman’s “Ghostbusters: Afterlife” and the Marvel movie “Morbius” to 2021. Hollywood’s summer season – the film industry’s most lucrative time of year – is increasingly shutting down because of the pandemic. Theaters nationwide have ... Read More »

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Proposed B.C. container terminal would threaten endangered orcas: review panel

By The Canadian Press on March 30th, 2020

VANCOUVER – A federally appointed panel has found the development of a new shipping container terminal south of Vancouver would result in “significant adverse” effects on endangered southern resident killer whales. In its 627-page report, released Monday, the environmental assessment panel points to the negative impacts of marine shipping associated with the proposed terminal at ... Read More »

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Federal government giving broadcasters $30 million relief from CRTC fees

By The Canadian Press on March 30th, 2020

OTTAWA – The federal government says it will help broadcasters deal with the fallout from COVID-19 by waiving $30 million usually paid by the industry to support the operations of Canada’s telecommunications regulator. As a result, the government will provide funding to the Canadian Radio-television and Telecommunications Commission so it won’t request payment for Part ... Read More »

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Macy’s, Kohl’s, Gap to furlough majority of their workers

By Anne D'Innocenzio, The Associated Press on March 30th, 2020

NEW YORK – Macy’s, Kohl’s and Gap Inc. all said Monday they will stop paying tens of thousands of employees who were thrown out of work when the chains temporarily closed their stores and sales collapsed as a result of the pandemic. Macy’s said the majority of its 125,000 employees will be furloughed this week ... Read More »

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Air Canada to temporarily lay off 16,500 staff due to COVID-19 fallout

By Christopher Reynolds, The Canadian Press on March 30th, 2020

MONTREAL – Air Canada will temporarily lay off 16,500 employees starting this week as the airline struggles with fallout from the COVID-19 pandemic. Effective this Friday, the layoffs of 15,200 unionized workers and 1,300 managers will last through April and May amid drastically reduced flight capacity from the Montreal-based airline. “To furlough such a large ... Read More »

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COVID-19 spreads to vulnerable communities as new provinces report deaths

By Morgan Lowrie, The Canadian Press on March 30th, 2020

COVID-19 continued its unforgiving march into new areas of the country on Monday, sweeping through long-term care homes and religious communities, as two provinces reported their first deaths linked to the virus. Ontario reported its largest single-day increase by far, while hard-hit Quebec soared well past the 3,000-case mark. Newfoundland and Labrador, as well as ... Read More »

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