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National Business
Air Canada halves capacity as shares drop amid 'severe drop in traffic'
MONTREAL — Air Canada is halving its seat capacity in the second quarter and withdrawing its earnings forecast for 2020 and 2021 amid a "severe drop in traffic" due to the novel coronavirus.
Mar 16, 2020 3:11 PM
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Amazon seeks to hire 100,000 to keep up with surge in orders
NEW YORK — Amazon said Monday that it needs to hire 100,000 people across the U.S. to keep up with a crush of orders as the coronavirus spreads and keeps more people at home, shopping online.
Mar 16, 2020 2:32 PM
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Food app services, post office workers urged to minimize contact with deliveries
TORONTO — Food service couriers and mail carriers are being encouraged to change the way they handle shipments as more Canadians self-isolate to prevent COVID-19 transmission.
Mar 16, 2020 2:08 PM
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Spring breakup slowdown offers needed pause for hard-hit drilling industry
CALGARY — It's a "glass half-full" way of looking at a crisis but as plunging oil prices cast a shadow over oil and gas companies in Western Canada, the drilling industry is already slowing down because of the weather.
Mar 16, 2020 12:19 PM
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Former Aurora Cannabis CEO Terry Booth sells 12.2M shares in company
EDMONTON — Aurora Cannabis Inc. says founder and former chief executive Terry Booth has sold nearly 12.2 million shares in the company into the open market.
Mar 16, 2020 11:24 AM
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CREA reports home sales up in February, average price climbs higher
OTTAWA — Home sales in February were up sharply compared with February 2019 when sales hit a decade-low for the month, the Canadian Real Estate Association said Monday.
Mar 16, 2020 10:55 AM
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MTY Food Group pushes back collection of franchisee royalties as stock plunges
MONTREAL — MTY Food Group Inc. says it will postpone the collection of royalties from franchisees for four weeks as its stock plummeted amid decreased demand triggered by COVID-19.
Mar 16, 2020 9:58 AM
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Stocks nosedive on Wall Street, triggering trading halt
NEW YORK — Stocks dropped 9% in early trading Monday on Wall Street as huge swaths of the economy come closer to shutting down, from airlines to restaurants.
Mar 16, 2020 8:06 AM
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One-Two Punch: Patterson and Alexander team up on Ali book
NEW YORK — Authors James Patterson and Kwame Alexander are teaming up on a book for young people about Muhammad Ali.
Mar 16, 2020 7:27 AM
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CEOs call on other business leaders to focus on slowing COVID-19 spread
TORONTO — An open letter from a group of Canada's top executives urged other business leaders across the country to make slowing the spread of COVID-19 their "singular objective.
Mar 16, 2020 7:24 AM
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