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HSBC Bank Canada drops prime lending rate to 2.95 per cent, matching others

HSBC Bank Canada drops prime lending rate to 2.95 per cent, matching others

VANCOUVER — HSBC Bank Canada says it will lower its prime lending rate by 50 basis points effective tomorrow. The bank says in a statement the rate will be 2.95 per cent — down from 3.45 per cent.
Trump moves to blunt coronavirus' heavy impact on US economy

Trump moves to blunt coronavirus' heavy impact on US economy

WASHINGTON — Ahead of an expected surge in coronavirus cases, President Donald Trump on Tuesday moved to blunt the impact of the pandemic on the U.S. economy, fundamentally altered by a push for a nation to stay home.
Most actively traded companies on the TSX

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (12,685.21, up 324.81 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Down one cent, or 1.64 per cent, to 60 cents on 23.
Enmax wins regulator approval to buy Emera Inc.'s Maine electricity utility

Enmax wins regulator approval to buy Emera Inc.'s Maine electricity utility

CALGARY — The sale of Halifax-based Emera Inc.'s Maine power utility to City of Calgary-owned Enmax Corp. is expected to be finalized after winning approval from a key state regulator.
Disruption grows: Nations try to slow virus, help economies

Disruption grows: Nations try to slow virus, help economies

BERLIN — Mass disruptions cascaded around the world Tuesday as governments struggled to slow the spread of the coronavirus while also trying to keep their economies afloat.
More dividends chopped as energy firms address oil prices below US$30 per barrel

More dividends chopped as energy firms address oil prices below US$30 per barrel

CALGARY — More energy industry dividends are being slashed as investors turn their backs on companies whose payouts are now unaffordable with oil prices plunging to less than US$30 per barrel. Calgary-based TORC Oil & Gas Ltd.
Small businesses fear bankruptcy, want government action amid COVID-19

Small businesses fear bankruptcy, want government action amid COVID-19

TORONTO — Entrepreneurs across the country worry they may have to shut down their companies because of the impact of the novel coronavirus — and they want the government to take action quickly.
Stocks jump as Trump promises to 'go big' on aid for economy

Stocks jump as Trump promises to 'go big' on aid for economy

NEW YORK — Stocks jumped Tuesday as President Donald Trump promised he's “going big” with plans to blunt the economic pain caused by the coronavirus outbreak.
Airports poised to lose $1.3 billion amid travel collapse, says industry group

Airports poised to lose $1.3 billion amid travel collapse, says industry group

Canadian airports are poised to lose $1.3 billion amid an ongoing global travel collapse triggered by COVID-19, says group representing the country's airports.
Cinemas close nationwide, studios push new movies into homes

Cinemas close nationwide, studios push new movies into homes

NEW YORK — U.S. movie theatres have closed nationwide due to the coronavirus pandemic, turning dark nearly all of the country's 40,000-plus screens in an unprecedented shutdown.