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National Business

Trump pushes for massive aid from Congress, checks to public

Trump pushes for massive aid from Congress, checks to public

WASHINGTON — In a massive federal effort Tuesday, President Donald Trump asked Congress to speed emergency checks to Americans, enlisted the military for MASH-like hospitals and implored ordinary people — particularly socially active millennials — to
Retailers shutter doors, restaurants limit services amid coronavirus outbreak

Retailers shutter doors, restaurants limit services amid coronavirus outbreak

A slew of store closures and service limitations were announced by retailers and restaurant chains on Tuesday as politicians and health authorities urged Canadians to avoid unnecessary outings in order to slow the spread of novel coronavirus.
Saskatchewan not tabling full budget, says revenue forecasts no longer accurate

Saskatchewan not tabling full budget, says revenue forecasts no longer accurate

REGINA — The Saskatchewan government says it is not releasing its full budget as planned on Wednesday because its revenues are no longer accurate given current economic uncertainty around the COVID-19 pandemic.
Fed launches 2 emergency programs last seen in 2008 crisis

Fed launches 2 emergency programs last seen in 2008 crisis

WASHINGTON — The Federal Reserve put in motion two emergency lending programs Tuesday that were last deployed in response to the 2008 financial crisis, aiming to ease the flow of credit to businesses and households struggling amid the viral outbreak.

Fed launches 2 emergency programs last seen in 2008 crisis

WASHINGTON — The Federal Reserve put in motion two emergency lending programs Tuesday that were last deployed in response to the 2008 financial crisis, aiming to ease the flow of credit to businesses and households struggling amid the viral outbreak.
Big banks working together to limit branch hours, reduce number of branches

Big banks working together to limit branch hours, reduce number of branches

TORONTO — The Canadian Bankers Association says the country's six biggest banks are working together in their efforts to limit the spread of COVID-19 by temporarily limiting branch operating hours and reducing the number of branches, while maintainin

Celestica withdraws guidance after some offices are forced to close over COVID-19

TORONTO — Celestica Inc. is withdrawing its financial guidance for the first quarter as a result of efforts in California and Malaysia to contain the spread of COVID-19.
Alimentation Couche-Tard boosts dividend 12 per cent on higher Q3 profits

Alimentation Couche-Tard boosts dividend 12 per cent on higher Q3 profits

LAVAL, Que. — Alimentation Couche-Tard Inc. is boosting its quarterly dividend 12 per cent after reporting strong net earnings in the third quarter that beat expectations.

Conference Board says Canada to avoid technical recession despite hit

TORONTO — Canada will avoid a technical recession even as the COVID-19 pandemic curtails consumer and business spending, and oil prices have cratered, the Conference Board of Canada said Tuesday.
North American stock markets rebound from steep losses on promised stimulus

North American stock markets rebound from steep losses on promised stimulus

TORONTO — North American stock markets partially recovered from Monday's steep losses on co-ordinated actions by central banks and plans for a US$1 trillion stimulus package by the U.S. government. The S&P/TSX composite index closed up 324.