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New Bombardier CEO faces financial juggling act as recession looms
MONTREAL — Bombardier Inc.'s new CEO comes on board as the debt-laden plane-and-train maker faces a new future as a pure-play producer of business jets, a cyclical industry bracing for a potential economic storm.
Mar 12, 2020 4:20 PM
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Quebecor says fourth-quarter profit up from year ago, raises dividend 78 per cent
MONTREAL — Quebecor Inc.'s quarterly dividend will rise 78 per cent with its next payment to shareholders in April, the company announced Thursday along with a higher fourth-quarter profit and adjusted earnings that beat analyst estimates.
Mar 12, 2020 3:15 PM
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Pipeline sale to provide protection from 'severe downturn,' Tidewater says
CALGARY — A deal to sell its Pioneer Pipeline will help insulate Calgary-based Tidewater Midstream and Infrastructure Ltd. from a "severe downturn" that's afflicted the energy industry for the past three years, the company's CEO said Thursday.
Mar 12, 2020 3:08 PM
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Fed intervenes to try to calm markets but investors shrug
WASHINGTON — The Federal Reserve moved Thursday to try to ease disruptions in the financial markets stemming from the coronavirus by announcing that it will sharply increase its purchases of short-term Treasury bonds.
Mar 12, 2020 2:59 PM
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Global concert industry in flux as coronavirus spreads
NEW YORK — Multi-platinum rock band Third Eye Blind had never cancelled a tour, even when its members “all had salmonella poisoning and we were all green and vomiting,” as bandleader Stephan Jenkins put it.
Mar 12, 2020 2:38 PM
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Empire Co. Ltd. sees sales bump as shoppers prep amid coronavirus outbreak
One of Canada's largest grocers has seen a sales bump as Canadians buy more than usual in an effort to prepare amid the growing novel coronavirus outbreak. "Our customers are obviously concerned," said Michael Medline, CEO of Empire Co.
Mar 12, 2020 2:07 PM
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Collecting CPP while still contributing goes against expert advice
CALGARY — Canadians can begin collecting Canada Pension Plan payments as early as age 60, but financial advisers warn it rarely makes sense to do so. And there are even fewer reasons to start drawing retirement funds early when you're still working.
Mar 12, 2020 2:00 PM
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European Central Bank deploys stimulus to ease virus damage
FRANKFURT — The European Central Bank deployed targeted new stimulus measures to cushion the shock to the economy from the virus outbreak, but its president said monetary policy couldn't do it alone and called for a "decisive and determined” response
Mar 12, 2020 1:35 PM
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Starbucks stores may go drive-thru only or limit seating
Some Starbucks stores in the U.S. and Canada may become drive-thru only while others could limit the number of people allowed inside, the company said, one day after the World Health Organization declared the outbreak of coronavirus a pandemic.
Mar 12, 2020 12:48 PM
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Las Vegas movie exhibition CinemaCon cancelled due to virus
LOS ANGELES — The annual movie exhibition and trade show CinemaCon has been cancelled in Las Vegas due to coronavirus, scuttling one of Hollywood's premier hype machines.
Mar 12, 2020 10:18 AM
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