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National Business
National Business
Powell: Recovery may begin by summer, will likely be slow
WASHINGTON — Federal Reserve Chair Jerome Powell expressed optimism Sunday that the U.S. economy can begin to recover from a devastating recession in the second half of the year, assuming the coronavirus doesn't erupt in a second wave.
May 17, 2020 4:34 PM
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Canadian communities and businesses to feel the pain of cruise cancellations
TORONTO — Picturesque Peggy's Cove, N.S., is normally a great place to run a business but restaurant owner John Campbell hopes he can survive the cancellation of cruise ships this season because of COVID-19.
May 17, 2020 7:00 AM
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Five things to watch for in the Canadian business world in the coming week
TORONTO — Five things to watch for in the Canadian business world in the coming week: Wholesale trade figures StatCan is scheduled to release wholesale trade figures for March on Wednesday. The agency reported that sales were up 0.7 per cent to $67.
May 17, 2020 7:00 AM
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Retail tenants hopeful over federal relief plan, but landlords reluctant to join
Bill Pratt hasn't paid some $70,000 in rent for his restaurants in Atlantic Canada since April after having to shutter operations due to the COVID-19 pandemic and experiencing a "critical" sales drop.
May 17, 2020 7:00 AM
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Top doctor urges 'pause' over long weekend before businesses reopen Tuesday
VICTORIA — British Columbia's top doctor is urging residents to stay close to home over the long weekend in order to mitigate transmission of COVID-19 before some businesses reopen on Tuesday. Provincial health officer Dr.
May 16, 2020 4:07 PM
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Canada's 'inevitable' second wave of COVID-19 cases
TORONTO — No one knows when a fresh surge of COVID-19 cases will emerge in Canada, but experts agree numbers are poised to rise and could very well explode in surveillance blindspots.
May 16, 2020 1:00 AM
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Air Canada to lay off 20,000 workers amid travel industry collapse
MONTREAL — Air Canada will lay off more than half of its 38,000 employees next month as it grapples with the fallout from the COVID-19 pandemic.
May 15, 2020 7:29 PM
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Pandemic claims another retailer: 118-year-old J.C. Penney
NEW YORK — The coronavirus pandemic has pushed the storied but troubled department store chain J.C. Penney into Chapter 11 bankruptcy. It is the fourth major retailer to meet that fate.
May 15, 2020 5:58 PM
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Most US states fall short of recommended testing levels
WASHINGTON — As businesses reopened Friday in more of the U.S.
May 15, 2020 4:28 PM
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Fed sees Wall Street stress if virus takes 'unexpected' turn
WASHINGTON — The Federal Reserve said Friday that Wall Street remains vulnerable to another shock if the global pandemic takes an “unexpected course” putting renewed strains on the economy and the country's financial system.
May 15, 2020 3:22 PM
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