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National Business

Claims for jobless benefits drop by 4,000

Claims for jobless benefits drop by 4,000

WASHINGTON — The number of Americans filing new claims for unemployment insurance fell last week for a second straight week, an indication that the coronavirus had not yet hit the labour market in a major way.

Dorel says factories in China delayed by COVID-19, production delayed

MONTREAL — Dorel Industries Inc. says its suppliers based in China delayed re-opening following the Chinese New Year due to the COVID-19 outbreak, with production delayed by two weeks in most cases.
Canadian Tire names Greg Hicks as new chief executive

Canadian Tire names Greg Hicks as new chief executive

TORONTO — Canadian Tire Corp. Ltd. has named Greg Hicks as president and chief executive, effective immediately. Hicks takes over from Stephen Wetmore, who is also stepping down as a member of the board.
WHO declares coronavirus a pandemic, urges aggressive action

WHO declares coronavirus a pandemic, urges aggressive action

GENEVA — The World Health Organization declared the coronavirus a pandemic and urged aggressive action from all countries to fight it, as U.S.
Asian shares sink after Dow hit bear level on pandemic news

Asian shares sink after Dow hit bear level on pandemic news

TOKYO — Asian shares plunged Thursday after the World Health Organization declared a coronavirus pandemic and indexes sank on Wall Street. Japan's benchmark Nikkei 225 dived 4.2% in morning trading to 18,591.01. Australia's S&P/ASX 200 dropped 5.
Eric Martel leaving Hydro-Quebec to become president, CEO of Bombardier

Eric Martel leaving Hydro-Quebec to become president, CEO of Bombardier

MONTREAL — Bombardier Inc. is replacing chief executive Alain Bellemare as it moves ahead with its new focus on business jets.
Boeing sees 2020 as challenging as any year in recent past

Boeing sees 2020 as challenging as any year in recent past

Boeing is painting a sobering picture for its business in 2020.
UK interest rates cut, funds freed up to ease virus impact

UK interest rates cut, funds freed up to ease virus impact

LONDON — Britain took bold steps on Wednesday to cushion the economic shock of the coronavirus outbreak, as the government announced a 30 billion-pound ($39 billion) stimulus package and the Bank of England slashed its key interest rate to a record l
Report sounds alarm over truck driver shortage as job vacancies rise

Report sounds alarm over truck driver shortage as job vacancies rise

MONTREAL — Canada's truck driver shortage has reached new heights, with job vacancies more than doubling since 2016, a new report says. A shortage of more than 20,000 drivers has hampered truck company expansions and hurt sales, costing nearly $3.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (14,270.09, down 688 points). Cenovus Energy Inc. (TSX:CVE). Energy. Down nine cents, or 2.12 per cent, to $4.16 on 23.