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Fed ramps up lending, bond buying to calm financial markets

Fed ramps up lending, bond buying to calm financial markets

WASHINGTON — The Federal Reserve moved with unprecedented force and speed Friday to pump huge amounts of cash into the financial system to ease disruptions that have escalated since the viral outbreak.
Netflix establishes $100 million virus relief fund

Netflix establishes $100 million virus relief fund

LOS ANGELES — Netflix said Friday it is establishing a $100 million relief fund for workers in the worldwide creative community affected by the coronavirus-caused halt of most film and television production.
Fort McMurray worker camp sends guest to hospital with suspected COVID-19

Fort McMurray worker camp sends guest to hospital with suspected COVID-19

FORT MCMURRAY, Alta. — The operator of one of the many worker lodges in the Fort McMurray area of northern Alberta confirms that a guest has been transported to hospital with symptoms consistent with COVID-19.
Busy signals, dropped calls, but no major outage as Canadians strain telecom system

Busy signals, dropped calls, but no major outage as Canadians strain telecom system

TORONTO — Despite the sudden, recent shift in how millions of Canadians are doing their work because of the COVID-19 crisis, it seems most parts of the communications system were up to the challenge in the first week of widespread social distancing.
North American stock markets fall to cap worst trading week since 2008

North American stock markets fall to cap worst trading week since 2008

TORONTO — North American stock markets closed lower Friday to cap the worst trading week since the global financial crisis. After starting the day stronger, markets dropped to end the week down by double digits compared to last week.
Stranded Canadians to return home from Morocco, though many remain stuck abroad

Stranded Canadians to return home from Morocco, though many remain stuck abroad

MONTREAL — Air Canada says it will bring Canadians stranded in Morocco back home on a repatriation flight this weekend in collaboration with the federal government.
Most actively traded companies on the TSX

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (11,851.81, down 318.71 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Up one cent, or 2.08 per cent, to 49 cents on 31.
Crude-by-rail shipments expected to fall after setting record high in January

Crude-by-rail shipments expected to fall after setting record high in January

CALGARY — Canadian crude-by-rail exports hit a record high in January but observers say they've likely fallen since then and stand to plummet even further as low oil prices force producers to cut growth spending and shut in high-cost wells.
Large Canadian airlines poised to weather COVID-19 despite 'very bad year' ahead

Large Canadian airlines poised to weather COVID-19 despite 'very bad year' ahead

MONTREAL — Canada's major airlines are relatively well-positioned to weather the financial storm that has been unleashed by the COVID-19 pandemic, but regional players may find it tougher to stay afloat, experts say.
Retirees, savers should stick to financial plan despite market fall, experts say

Retirees, savers should stick to financial plan despite market fall, experts say

VANCOUVER — Near the end of 2018, Sheldon Petrie moved $40,000 into a self-directed registered retirement savings plan and watched his nest egg grow to about $55,000 at its peak.