March 31st, 2020

Business

Charities seek extra help from feds to keep services running as revenues dry up

By Jordan Press, The Canadian Press on March 30th, 2020

OTTAWA – Canada’s charities say they have begun laying off staff and shutting down their services, which are usually in high demand during economic downturns, as the sector feels the financial sting from COVID-19. Now the almost 86,000 registered charities in Canada are looking to the federal government to help, with multiple groups calling for ... Read More »

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COVID-19 continues to spread as domestic travel restrictions come into effect

By The Canadian Press on March 30th, 2020

OTTAWA – COVID-19 continued its unforgiving march into new areas of the country on Monday, sweeping through long-term care homes and religious communities and into vulnerable regions as the federal government brought in new domestic travel restrictions. Ontario reported 351 new COVID-19 cases Monday, the largest single-day increase by far, which health officials attributed at ... Read More »

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WestJet extends international flight suspensions into May amid COVID-19 pandemic

By The Canadian Press on March 30th, 2020

MONTREAL – WestJet Airlines Ltd. says it is cancelling all transatlantic and U.S. routes until May 4, extending its 30-day suspension by two more weeks. The Calgary-based company will offer no flights to the U.S., Europe, Mexico, Central America and the Caribbean due to the COVID-19 pandemic that has shut borders and sent travel demand ... Read More »

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Time to ‘revenge shop’: China’s virus hot spot reopens

By Ng Han Guan And Joe McDonald, The Associated Press on March 30th, 2020

WUHAN, China – The city at the centre of China’s virus outbreak was reopening for business Monday after authorities lifted more of the controls that locked downs tens of millions of people for two months. “I want to revenge shop,” one excited customer declared as she traversed one of Wuhan’s major shopping streets, Customers were ... Read More »

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Large business, non-profits, charities eligible for wage subsidy, Trudeau says

By The Canadian Press on March 30th, 2020

OTTAWA – Prime Minister Justin Trudeau says large and small businesses, non-profits and charities will all be eligible for a 75-per-cent subsidy on wages meant to cushion the blow from the COVID-19 pandemic. Employers will have to show that their revenues have fallen by at least 30 per cent due to COVID-19. The wages the ... Read More »

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Large business, non-profits, charities all eligible for wage subsidy, Trudeau says

By The Canadian Press on March 30th, 2020

OTTAWA – Prime Minister Justin Trudeau says large and small businesses, non-profits and charities will all be eligible for a 75-per-cent subsidy on wages meant to cushion the blow from the COVID-19 pandemic. Employers will have to show that their revenues have fallen by at least 30 per cent. The wages the subsidy covers will ... Read More »

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Owners of Cape Breton’s Donkin coal mine permanently close underground operation

By The Canadian Press on March 30th, 2020

DONKIN, N.S. – The owners of Cape Breton’s Donkin coal mine are permanently closing the underground operation. In a statement released today, Kameron Collieries ULC says it’s ceasing production operations due to “adverse geologic conditions in the mine.” The company says the mine will not be sealed and will be maintained by a small staff ... Read More »

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Wall Street pushes higher, led by surging health care stocks

By Stan Choe, The Associated Press on March 30th, 2020

NEW YORK – U.S. stocks are pushing higher Monday, led by big gains for health care companies announcing developments that could aid in the coronavirus outbreak. But markets around the world remain tentative amid uncertainty about whether global authorities can do enough to nurse the economy through the pandemic. The S&P 500 was up more ... Read More »

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Ferry operators call for inclusion in COVID-19 travel restrictions

By The Canadian Press on March 30th, 2020

OTTAWA – As new restrictions come into effect barring people with symptoms of COVID-19 from planes and trains, ferry operators say want the federal government to ban such travellers from their vessels as well. Prime Minister Justin Trudeau announced the travel ban for domestic flights and intercity trains over the weekend as the federal government ... Read More »

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North American stock markets trade higher at late-mornings, loonie down

By The Canadian Press on March 30th, 2020

TORONTO – Canada’s main stock index posted a triple-digit advance as the key industrials and materials sectors moved higher in late-morning trading, while U.S. stocks also moved higher. The S&P/TSX composite index was up 126.54 points at 12,814.28. In New York, the Dow Jones industrial average was up 452.42 points at 22,089.20. The S&P 500 ... Read More »

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Freshii delays financial results, cuts head office staff to reduce costs

By The Canadian Press on March 30th, 2020

TORONTO – Freshii Inc. is delaying the filing of its latest financial results as it deals with the COVID-19 pandemic and its impact on its restaurants and franchise partners. The company says it has also temporarily “streamlined its head office workforce” in a move to cut costs. It did not say how many people were ... Read More »

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