MARKETS & ECONOMY
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Airline industry warns of crisis bigger than 9/11 aftermath
Global air traffic demand fell 14 per cent in February, the most since the 9/11 terrorist attacks, as airlines were “hit…
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OPEC+ pushes for global coalition to stem oil rout
The OPEC+ coalition is pushing for other major oil producers to join it in a deep reduction of global crude…
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lmost half a million Canadians have submitted requests for mortgage deferrals
Almost 500,000 Canadians have submitted requests for a mortgage deferral or to skip a payment after Canadian banks announced the…
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U.S. senators scrutinize meat packers’ big profits during pandemic
By Tom Polansek CHICAGO (Reuters) – U.S. senators are calling for investigations of record profit margins for beef processors like…
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U.S. dairy farmers dump milk as pandemic upends food markets
CHICAGO (Reuters) – Dairy farmer Jason Leedle felt his stomach churn when he got the call on Tuesday evening. FILE…
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The close: TSX falls 3.8% as evidence mounts of deep global recession
Canadian stocks and markets around the world fell sharply Wednesday as the economic and physical toll caused by the coronavirus…
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Dollar gains for second day; U.S. non-farm payrolls loom
NEW YORK (Reuters) – The dollar rose against a basket of currencies for a second straight day on Thursday as…
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Asian stocks mixed, with Nikkei a standout decliner as coronavirus, recession fears weigh
TOKYO — Asian shares were mixed on Wednesday, on continuing worries about the economic fallout from the pandemic as reports…
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Canada’s stock market collapse is like nothing we’ve ever seen before
That doesn’t mean the stock market should be shut down until Covid-19 panic has passed It can be difficult to…
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S&P 500 Share Buybacks to Drop 70% This Year, JPMorgan Predicts
Since major U.S. banks announced a suspension in share buybacks, investors have been wondering how much corporate demand will weaken…
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