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J&J slashes outlook, races to develop coronavirus vaccine

J&J slashes outlook, races to develop coronavirus vaccine

Johnson & Johnson, anticipating significant impact from the COVID-19 pandemic, slashed its 2020 sales forecast by billions of dollars and cut its profit expectations by about 15%. It's one of the first major U.S.
Wells Fargo takes 1Q earnings, revenue hit from virus

Wells Fargo takes 1Q earnings, revenue hit from virus

NEW YORK — Wells Fargo's profits plunged nearly 90% in the first quarter as the bank set aside billions of dollars in preparation for consumers and businesses defaulting on loans due to the coronavirus pandemic.
Quebec miners go back to work with new restrictions to limit COVID-19 spread

Quebec miners go back to work with new restrictions to limit COVID-19 spread

TORONTO — Companies with mines in Quebec are moving to restart suspended operations after the province announced Monday it would redesignate mining, residential construction, auto mechanics and landscaping operations as essential services starting We
Companies rush to pivot advertising plans during COVID-19 pandemic

Companies rush to pivot advertising plans during COVID-19 pandemic

As the COVID-19 pandemic started to spread, Tim Hortons reviewed its advertising plans and decided they no longer made sense as store closures, wide-scale layoffs and physical distancing upended life in Canada.
IMF: Stung by virus, global economy will shrink 3% in 2020

IMF: Stung by virus, global economy will shrink 3% in 2020

WASHINGTON — Beaten down by the coronavirus outbreak, the world economy in 2020 will suffer its worst year since the Great Depression of the 1930s, the International Monetary Fund says in its latest forecast.
Workers sue McDonald's over harassment at Florida stores

Workers sue McDonald's over harassment at Florida stores

Two McDonald’s workers in Florida are filing a $500 million class action lawsuit against the company, claiming a “systemic sexual harassment problem” at company-owned stores.

Quebec declares residential construction, mining, landscaping essential services

MONTREAL — The Quebec government has declared that home builders, miners and landscapers provide essential services and can return to work despite COVID-19 restrictions that have brought much of the economy to a halt.
Canadian oilpatch cutbacks expected to continue despite OPEC agreement

Canadian oilpatch cutbacks expected to continue despite OPEC agreement

CALGARY — Canadian oil wells will continue to be shut down amid weak global oil prices despite an agreement to limit production struck by OPEC and other major producers on the weekend, producers say.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (14,075.94, down 90.69 points.) Aurora Cannabis Inc. (TSX:ACB). Health care. Down 16 cents, or 13.11 per cent, to $1.06 on 18.
TSX and most U.S. stock markets fall ahead of start to earnings season

TSX and most U.S. stock markets fall ahead of start to earnings season

TORONTO — Canada's main stock index failed to keep up with last week's stellar performance, moving lower ahead of what is expected to be a grim corporate earnings season. Some large U.S. banks kick off the first-quarter results on Tuesday.