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Historian Niall Ferguson warns of contagion, online and off

Historian Niall Ferguson warns of contagion, online and off

NEW YORK — Historian Niall Ferguson has a knack for timing his TV projects. He debuted his examination of the global financial system in “The Ascent of Money” just as the 2008 economic crisis was hitting.
Income tax filing deadline moved to July 15 from April 15

Income tax filing deadline moved to July 15 from April 15

WASHINGTON — The income tax filing date has been pushed back from April 15, to July 15, Treasury Secretary Steven Mnuchin said.
Walmart Canada to hire 10,000 workers and introduce other measures amid COVID-19

Walmart Canada to hire 10,000 workers and introduce other measures amid COVID-19

TORONTO — Walmart Canada says it will hire 10,000 more employees to work in its stores and distribution centres as it deals with issues related to COVID-19.

Ekati Diamond Mine shut down to prevent spread of COVID-19 to staff, communities

CALGARY — Canada's oldest diamond mine is being shut down to protect workers and local communities from the spread of the COVID-19 pandemic.
US home sales jumped to 13-year high before viral outbreak

US home sales jumped to 13-year high before viral outbreak

WASHINGTON — U.S. home sales jumped in February to their highest level in 13 years, a trend that will almost certainly be reversed as people stop showing their property out of fear of infection in the coronavirus outbreak.

Statistics Canada says auto sector and gasoline boosted retail sales in January

OTTAWA — Statistics Canada says retail sales rose 0.4 per cent to $52.0 billion in January, prior to the economic impact of unprecedented efforts to deal with the COVID-19 virus. Sales at motor vehicle and parts dealers rose 1.

American Hotel Income Properties moves to cut operationg costs, suspends payouts

VANCOUVER — American Hotel Income Properties REIT LP is suspending its cash payouts to investors and moving to cut costs in an effort to preserve cash during the disruption caused by COVID-19.
Ski-Doo maker BRP suspends dividend to preserve financial flexibility

Ski-Doo maker BRP suspends dividend to preserve financial flexibility

VALCOURT, Que. — BRP Inc. beat profit expectations for its fourth quarter, but suspended its dividend in an effort to preserve its financial flexibility as it deals with the issues related COVID-19.
Worries lie ahead for Canadians faced with financial uncertainty in COVID-19 pandemic

Worries lie ahead for Canadians faced with financial uncertainty in COVID-19 pandemic

TORONTO — When it comes to her family's financial future, Kim Petrie says the arrival of the COVID-19 pandemic has erased any certainty about what lies ahead.
NewsAlert: Air Canada laying off more than 5,000 workers amid COVID-19 pandemic

NewsAlert: Air Canada laying off more than 5,000 workers amid COVID-19 pandemic

MONTREAL — A union official says Air Canada is laying off more than 5,000 flight attendants as the country's largest airline cuts routes and parks planes due to the COVID-19 pandemic.