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IMF head sees worst economic downturn since Great Depression

IMF head sees worst economic downturn since Great Depression

WASHINGTON — The coronavirus pandemic will push the global economy into the deepest recession since the Great Depression, with the world's poorest countries suffering the most, the head of the International Monetary Fund said Thursday.
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16.8M Americans out of work; Easter celebrations move online

16.8M Americans out of work; Easter celebrations move online

NEW YORK — A staggering 16.8 million Americans lost their jobs in just three weeks in a measure of how fast the coronavirus has brought world economies to their knees.
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Most actively traded companies on the TSX

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (14,166.63, up 240.92 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Unchanged at 47.5 cents on 24.7 million shares.
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TSX ends best week in more than a decade as Fed move offsets jobless numbers

TSX ends best week in more than a decade as Fed move offsets jobless numbers

TORONTO — Canada's main stock index ended its best week in more than a decade as a massive intervention by the U.S. Federal Reserve offset weak employment numbers on both sides of the border. The S&P/TSX composite index closed up 240.
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Robbers escape by air after stealing gold bars from Canadian mine in Mexico

Robbers escape by air after stealing gold bars from Canadian mine in Mexico

TORONTO — Canadian mining firm Alamos Gold Inc. reports that a group of armed robbers intercepted gold dore bars on the runway at its Mulatos mine site in Mexico, then staged a dramatic escape in a separate light aircraft.
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Quebec preparing plan to reopen economy, as infection rate stabilizes

Quebec preparing plan to reopen economy, as infection rate stabilizes

MONTREAL — Quebec Premier Francois Legault said Thursday health risks for younger people returning to work are limited considering almost all Quebecers who have died of COVID-19 are over the age of 60.
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B.C. loses 132,000 jobs in March as pandemic hits economy hard, says minister

B.C. loses 132,000 jobs in March as pandemic hits economy hard, says minister

VICTORIA — The COVID-19 pandemic has had an immediate impact on British Columbia's economy, resulting in 132,000 lost jobs last month and pushing the unemployment rate over seven per cent, Finance Minister Carole James said Thursday.
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Lumber producer Canfor cutting production even further due to COVID-19

Lumber producer Canfor cutting production even further due to COVID-19

VANCOUVER — Forestry company Canfor Corp. is making additional production cuts due to the impact of COVID-19 on the price of lumber and demand.
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Premier Gold Mines says Centerra not accepting $205M offer for Greenstone stake

Premier Gold Mines says Centerra not accepting $205M offer for Greenstone stake

THUNDER BAY, Ont. — Premier Gold Mines Ltd. says an offer made in March to buy Centerra Gold Inc.'s 50-per-cent stake in the Greenstone Gold Mines Partnership for US$205 million has not been accepted.
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WestJet plans to bring workers back on payroll via wage subsidy program

WestJet plans to bring workers back on payroll via wage subsidy program

WestJet Airlines Ltd. says it will bring back nearly 6,400 laid-off employees to the payroll using Ottawa's emergency wage subsidy program as the COVID-19 pandemic continues to crater the airline sector.
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