Skip to content
Join our Newsletter
VIA store 300x100
Join our Newsletter

National Business

Movie theatres, for now, stay open nationwide

Movie theatres, for now, stay open nationwide

NEW YORK — Movie theatres have long acted as a refuge in times of war and recession. Their screens have flickered virtually unabated for the last century.
Economists predict recession coming due to COVID-19 and plunge in oil prices

Economists predict recession coming due to COVID-19 and plunge in oil prices

TORONTO — A recession is coming later this year as the economy is derailed by the impact of COVID-19 and a plunge in oil prices, economists said Friday. Royal Bank of Canada forecasts the economy will grow at an annualized pace of 0.
Big city, big worry: Pressure mounting to close NYC schools

Big city, big worry: Pressure mounting to close NYC schools

NEW YORK — Calls to close the nation's biggest public school system grew Friday in a subdued New York City, where the coronavirus has already turned the lights out on Broadway and shuttered big gathering spots from arenas to museums.

Fed takes extra steps to sooth virus-rattled bond market

WASHINGTON — The Federal Reserve and the European Central Bank have taken large steps this week to try to calm financial markets and restore some degree of confidence. So far, it hasn't quite worked.
Spotty sick leave policies limit options for avoiding virus

Spotty sick leave policies limit options for avoiding virus

LONDON — A barber in Beijing is supporting his wife and child by charging food and other expenses to a credit card while he waits for his employer's shop to reopen.
List of oil producers cutting budgets lengthens with Husky, ARC and more

List of oil producers cutting budgets lengthens with Husky, ARC and more

CALGARY — Canada's oil and gas producers are continuing to cut billions of dollars from capital spending budgets and reduce payouts to investors in the wake of this week's sharp plunge in oil prices. Calgary-based ARC Resources Ltd.
Household debt-to-income rations lower in Q4: StatCan

Household debt-to-income rations lower in Q4: StatCan

OTTAWA — Statistics Canada says household debt as a percentage of disposable income edged down in the fourth quarter. The agency says Canadian households owed an average of $1.763 for every dollar of disposable income, down from the $1.

ARC Resources cuts capital budget for 2020, slashes dividend payment

CALGARY — ARC Resources Ltd. cut its capital budget and slashed its dividend to help deal with the plunge on commodity markets.
Stock markets recover after turbulent trading

Stock markets recover after turbulent trading

BANGKOK — European stocks rose Friday and Wall Street was set to gain on the open after turbulent trading in Asia and a day after the market's worst session in over three decades. Shares rose in Paris and London but fell 6.
Coronavirus brings entertainment world to a standstill

Coronavirus brings entertainment world to a standstill

NEW YORK — The entertainment industry prepared Thursday for an unprecedented shutdown to curb the spread of the coronavirus, cancelling upcoming movies, suspending all Broadway performances and scuttling concert tours until it's safe to welcome crowd