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Social Security and Medicare funds at risk even before virus
WASHINGTON — The financial condition of the government’s two biggest benefit programs remains shaky, with Medicare expected to become insolvent in just six years, while Social Security will be unable to pay full benefits starting in 2035, the governm
Apr 22, 2020 2:03 PM
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Rogers says COVID's impact is manageable, braces for worse second quarter
TORONTO — Rogers Communications Inc. felt the first financial bite from the COVID-19 pandemic during the tail end of its first quarter and senior executives said Wednesday they expect conditions will get worse in months to come.
Apr 22, 2020 1:19 PM
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Investment fund assets down 10% in March as COVID-19 worries spread
TORONTO — The Investment Funds Institute of Canada says fund holdings dropped by about 10 per cent in March from a month earlier, as investors worried about the economic impacts of the COVID-19 pandemic.
Apr 22, 2020 1:01 PM
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B.C. securities panel orders companies, founders to pay $37 million in fines
VANCOUVER — A group of companies and its founders have been fined nearly $37 million by a B.C. Securities Commission panel that says they misled investors, conducted unregistered trading and illegally sold securities.
Apr 22, 2020 12:45 PM
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Energy sector shutting down oil production as low crude oil prices persist
Calgary-based energy companies are continuing to reduce production, cut spending and trim costs as volatile oil prices remain stubbornly below profitable levels. Enerplus Corp.
Apr 22, 2020 12:42 PM
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Delta's 1st quarterly loss in 5+ years; worse is on the way
Delta Air Lines, the biggest and most profitable U.S. airline, lost $534 million in the first quarter, a setback that will appear trivial when the full force of the pandemic is revealed in the current quarter.
Apr 22, 2020 11:44 AM
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Greater Toronto Area home sales down 69 per cent mid-way through April
TORONTO — The Toronto Regional Real Estate Board says home sales were down 69 per cent in the first 17 days of April compared with a year ago as the COVID-19 outbreak put a chill on market activity.
Apr 22, 2020 11:20 AM
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Annual inflation rate cooled in March to 0.9 per cent as pandemic took hold
OTTAWA — The annual pace of inflation in Canada posted its biggest one-month decline in more than a decade, dropping below one per cent in March as the price of oil collapsed and the economy was first gripped by the COVID-19 pandemic.
Apr 22, 2020 10:27 AM
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Metro revenue continues to rise after COVID-19 buying rush levels off
One of Canada's largest grocery store chains has seen sales level off after the arrival of the COVID-19 pandemic sent shoppers flocking to grocery stores, but Metro Inc.
Apr 22, 2020 9:34 AM
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AP source: A-Rod, J-Lo retain JP Morgan in bid for Mets
NEW YORK — Alex Rodriguez, once again, wants to be like Derek Jeter. A-Rod and Jennifer Lopez, who are engaged, have retained J.P. Morgan to represent them in raising capital for a possible bid for the New York Mets.
Apr 22, 2020 7:49 AM
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