National Business

MONTREAL — Dorel Industries Inc. says its suppliers based in China delayed re-opening following the Chinese New Year due to the COVID-19 outbreak, with production delayed by two weeks in most cases.

TORONTO — Canadian Tire Corp. Ltd. has named Greg Hicks as president and chief executive, effective immediately. Hicks takes over from Stephen Wetmore, who is also stepping down as a member of the board.

GENEVA — The World Health Organization declared the coronavirus a pandemic and urged aggressive action from all countries to fight it, as U.S.

TOKYO — Asian shares plunged Thursday after the World Health Organization declared a coronavirus pandemic and indexes sank on Wall Street. Japan's benchmark Nikkei 225 dived 4.2% in morning trading to 18,591.01. Australia's S&P/ASX 200 dropped 5.

MONTREAL — Bombardier Inc. is replacing chief executive Alain Bellemare as it moves ahead with its new focus on business jets.

Boeing is painting a sobering picture for its business in 2020.

LONDON — Britain took bold steps on Wednesday to cushion the economic shock of the coronavirus outbreak, as the government announced a 30 billion-pound ($39 billion) stimulus package and the Bank of England slashed its key interest rate to a record l

MONTREAL — Canada's truck driver shortage has reached new heights, with job vacancies more than doubling since 2016, a new report says. A shortage of more than 20,000 drivers has hampered truck company expansions and hurt sales, costing nearly $3.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (14,270.09, down 688 points). Cenovus Energy Inc. (TSX:CVE). Energy. Down nine cents, or 2.12 per cent, to $4.16 on 23.

CALGARY — Players in Canada's oilpatch are continuing to cut capital spending plans in the wake of this week's sharp plunge in oil prices. After markets closed Wednesday, Birchcliff Energy Ltd.