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Oilpatch workers face pay cuts and layoffs as companies react to low prices
CALGARY — Budget cuts in the western Canadian oil and gas sector are hitting home for front-line workers who are facing smaller paycheques as well as an ever-increasing risk of being laid off. On Thursday, oilsands producer Cenovus Energy Inc.
Apr 2, 2020 2:52 PM
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Quibi gambles with mobile-only streaming platform amid COVID-19
TORONTO — Creators of the freshly minted subscription streaming platform Quibi had a tough sell on their hands even before the COVID-19 pandemic spiralled us into uncertain financial times.
Apr 2, 2020 1:24 PM
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Vancouver home sales up 46% in March, but show signs of slowing due to outbreak
Home sales in the Vancouver region were strong for the first half of March, but started to taper as the COVID-19 outbreak intensified, the Real Estate Board of Greater Vancouver said Thursday.
Apr 2, 2020 1:16 PM
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New online store offers help to shuttered indie booksellers
Andy Hunter, founder of a new online sales outlet for independent booksellers, had seen a crisis building well before the coronavirus pandemic shut down many of the country's stores.
Apr 2, 2020 12:26 PM
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A record 10 million sought US jobless aid in past 2 weeks
WASHINGTON — More than 6.6 million Americans applied for unemployment benefits last week — doubling a record high set just one week earlier — a sign that layoffs are accelerating in the midst of the coronavirus outbreak.
Apr 2, 2020 12:12 PM
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SXSW partners with Amazon to put its film festival online
NEW YORK — The popcorn will be bring your own and the barbecue won't be as good, but the Austin, Texas, SXSW Film Festival is moving online after having its 27th edition cancelled by the coronavirus pandemic.
Apr 2, 2020 12:12 PM
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Stock market crash may force some investors to postpone retirements, say experts
TORONTO — The biggest market downturn in more than a decade has rattled nerves and may ultimately force some investors to postpone their approaching retirements, say experts.
Apr 2, 2020 11:08 AM
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Canadian banks gear up for virtual AGMs to stop the spread of COVID-19
TORONTO — When Robert Prichard welcomed shareholders to Bank of Montreal’s annual general meeting on Tuesday, it was the first time the company's board chairman had done so without standing before shareholders in person.
Apr 2, 2020 10:59 AM
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CN Rail notches record grain movement for March as it clears blockade backlog
MONTREAL — Canadian National Railway Co. hit an all-time record for March grain movement. Chief operating officer Rob Reilly says the 2.62 million tonnes of grain is a 6.1 per cent increase from 2017, the previous record for March.
Apr 2, 2020 10:47 AM
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Statistics Canada reports trade deficit narrowed in February to $983 million
OTTAWA — Canada's merchandise trade deficit narrowed to $983 million in February compared with $1.7 billion in January, as the economic impact of COVID-19 showed some of its first signs with a drop in trade with China.
Apr 2, 2020 10:27 AM
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