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Head of RBC says not to expect quick economic recovery as caution will be needed

Head of RBC says not to expect quick economic recovery as caution will be needed

TORONTO — The head of the Royal Bank of Canada is warning the economic recovery from the COVID-19 pandemic will likely be slower and more uneven than originally thought.
Impact of COVID-19 will be more profound than 9/11 attacks: CIBC's Dodig

Impact of COVID-19 will be more profound than 9/11 attacks: CIBC's Dodig

TORONTO — COVID-19 will have a more profound impact on the world than the Sept. 11 terrorist attacks on the United States nearly two decades ago, says the chief executive of the Canadian Imperial Bank of Commerce.
COVID-19 plan key part of Keystone XL construction acceleration, says CEO

COVID-19 plan key part of Keystone XL construction acceleration, says CEO

The CEO of TC Energy Corp. says the company is fine-tuning its plan to guard against the spread of COVID-19 as it moves ahead with site preparation for the US$8-billion Keystone XL Pipeline project.
Maple Leaf halts work at Ontario poultry plant after three COVID-19 cases

Maple Leaf halts work at Ontario poultry plant after three COVID-19 cases

MISSISSAUGA, Ont. — Maple Leaf Foods Inc. is suspending operations in its poultry plant in Brampton, Ont., after three employees at the facility tested positive for COVID-19.
Canadian Natural Resources president OK with Canada joining oil supply pact

Canadian Natural Resources president OK with Canada joining oil supply pact

The president of Canadian Natural Resources Ltd. says he supports the idea of Canada taking part in an international agreement to reduce production to support global oil prices.
Vancity temporarily cuts credit card interest rates to zero for those in need

Vancity temporarily cuts credit card interest rates to zero for those in need

VANCOUVER — Vancity is temporarily cutting credit card interest rates to zero and deferring minimum payments for those facing financial difficulty as a result of COVID-19.
Annual pace of housing starts slowed in March, CMHC says

Annual pace of housing starts slowed in March, CMHC says

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts slowed by 7.3 per cent in March.

Proxy advisory firms ISS and Glass Lewis recommend the Stars Group deal

TORONTO — The Stars Group Inc. says two influential proxy advisory firms have recommended that shareholders back its deal to be acquired by Flutter Entertainment. The company says Institutional Shareholder Services Inc. and Glass Lewis & Co.
Asian shares mostly lower on worries about pandemic damage

Asian shares mostly lower on worries about pandemic damage

TOKYO — Asian shares were mostly lower, gyrating in early Wednesday trading amid uncertainty over the coronavirus outbreak, which continues to claim more lives around the world. Japan's Nikkei 225 inched up 0.1% to 18,974.06 in morning trading.
NYC virus deaths exceed 4,000, topping toll for 9-11 attacks

NYC virus deaths exceed 4,000, topping toll for 9-11 attacks

New York City’s death toll from the coronavirus rose past 4,000 on Tuesday, eclipsing the number killed at the World Trade Center on 9-11 .