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Several banks match Bank of Canada with 50 basis point cut to prime interest rate
TORONTO — Several Canadian banks and financial institutions have dropped their prime lending rate by 50 basis points to 3.45 per cent, effective March 5.
Mar 4, 2020 7:08 PM
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Bombardier investigating reported links to Uighur forced labour in China
Bombardier Inc. says it is concerned about a new report that links it and other companies to the alleged forced labour of Muslim minorities in China.
Mar 4, 2020 6:26 PM
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Spin Master reports loss in Q4, expects impact from coronavirus
TORONTO — Spin Master Corp. says it swung to a loss in the fourth quarter in part because of supply chain issues at its U.S. distribution centre, and it expects further supply impacts this year because of the novel coronavirus.
Mar 4, 2020 6:04 PM
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Undetected cracks blamed for Enbridge gas pipeline blast in B.C. in 2018
CALGARY — A delayed inspection and a failure to predict how fast cracks could develop from corrosion are cited in a report describing the cause of an explosion and fire in an Enbridge Inc. natural gas pipeline northeast of Prince George, B.C.
Mar 4, 2020 5:41 PM
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North American stock markets rally in aftermath of interest rate cuts
TORONTO — North American stock markets enjoyed a relief rally in the aftermath of interest rate cuts on both sides of the border and a strong primary night for former U.S. vice president Joe Biden.
Mar 4, 2020 5:30 PM
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Canopy Growth to lay off 500, close two greenhouses and take $700-$800M writedown
Canopy Growth Corp. is orchestrating a massive overhaul involving a layoff of 500 workers, a multimillion-dollar writedown, the closure of two greenhouses and the cancellation of plans to operate a third. The Smiths Falls, Ont.
Mar 4, 2020 5:29 PM
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Fisheries producers shifting gears to adjust to coronavirus impact on markets
HALIFAX — Atlantic Canadian fisheries entrepreneurs like Danny Dumaresque have to be nimble in their marketing efforts as the impact of the novel coronavirus hits their Asian customer base and delays key industry events.
Mar 4, 2020 4:53 PM
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Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,779.53, up 355.91 points.) Manulife Financial Corp. (TSX:MFC). Financials. Up 33 cents, or 1.48 per cent, to $22.64 on 13.
Mar 4, 2020 4:28 PM
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Shopify cancels events at L.A. space for entrepreneurs amid coronavirus concerns
TORONTO — Shopify Inc. says it is postponing all events, one-on-one appointments and workshops at its Los Angeles entrepreneurs' space.
Mar 4, 2020 4:16 PM
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Bank of Canada rate cut to mean cheaper borrowing and lower interest on savings
TORONTO — The Bank of Canada cut its key lending rate by half a percentage point on Wednesday over concerns of the novel coronavirus.
Mar 4, 2020 1:49 PM
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