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Ferrari slashes 2020 earnings forecast of COVID-19 pandemic

Ferrari slashes 2020 earnings forecast of COVID-19 pandemic

SOAVE, Italy — Luxury sports carmaker Ferrari on Monday lowered its full-year earnings guidance significantly due to the COVID-19 pandemic, and acknowledged that the new outlook assumes a sharp recovery in the second half of the year.
Canadian equities were worst hit asset type for fund managers in Q1, report says

Canadian equities were worst hit asset type for fund managers in Q1, report says

TORONTO — Canadian equities were the worst performing traditional asset category in the first quarter, according to a report that sizes up the financial impact of the COVID-19 pandemic and concurrent decline in world oil prices during the first three
MDA signs $190-million robotics contract for International Space Station

MDA signs $190-million robotics contract for International Space Station

BRAMPTON, Ont. — MDA has signed a contract worth $190 million to support robotic operations on the International Space Station (ISS).
J.Crew files for Chapter 11 as pandemic chokes retail

J.Crew files for Chapter 11 as pandemic chokes retail

NEW YORK — The owner of J.Crew is filing for bankruptcy protection, the first major retailer to do so since the pandemic forced most stores in the United States to close.

De Havilland Canada begins phased restart of manufacturing operations

TORONTO — De Havilland Aircraft of Canada Ltd. has started a phased return-to-work plan after it suspended manufacturing operations in March due to the pandemic. The company says 100 employees are back on the job.
Canopy Rivers invests $2 million in Edmonton-based cannabis gummies company

Canopy Rivers invests $2 million in Edmonton-based cannabis gummies company

TORONTO — Canopy Rivers Inc. says it has made a $2-million investment in Dynaleo Inc., an Edmonton-based company focused on edible cannabis gummies.
Five things to watch for in the Canadian business world in the coming week

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: Air Canada earnings Air Canada will hold a conference call to discuss its first-quarter results on Monday.
Customers skip the line as warehouse, sample sales shift online amid pandemic

Customers skip the line as warehouse, sample sales shift online amid pandemic

VANCOUVER — Last year, more than 2,000 shoppers descended on a Toronto pop-up store, looking for deals at undergarment maker Knix's first warehouse sale.
Saskatchewan dealing with fast-spreading COVID-19 outbreak in far north

Saskatchewan dealing with fast-spreading COVID-19 outbreak in far north

REGINA — Saskatchewan's chief medical health officer says a rapidly spreading outbreak of COVID-19 in a northern community is concerning. Dr.
With quirks and restrictions, many states lift lockdowns

With quirks and restrictions, many states lift lockdowns

GRETNA, La.