National Business

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (13,716.33, up 1,207.88 points). Bombardier Inc. (TSX:BBD.B). Industrials. Up 14 cents, or 21.88 per cent, to $0.78 on 25.

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (13,716.33, up 1,207.88 points). Bombardier Inc. (TSX:BBD.B). Industrials. Up 14 cents, or 21.88 per cent, to $0.78 on 25.

NEW YORK — Movie theatres have long acted as a refuge in times of war and recession. Their screens have flickered virtually unabated for the last century.

TORONTO — A recession is coming later this year as the economy is derailed by the impact of COVID-19 and a plunge in oil prices, economists said Friday. Royal Bank of Canada forecasts the economy will grow at an annualized pace of 0.

NEW YORK — Calls to close the nation's biggest public school system grew Friday in a subdued New York City, where the coronavirus has already turned the lights out on Broadway and shuttered big gathering spots from arenas to museums.

WASHINGTON — The Federal Reserve and the European Central Bank have taken large steps this week to try to calm financial markets and restore some degree of confidence. So far, it hasn't quite worked.

LONDON — A barber in Beijing is supporting his wife and child by charging food and other expenses to a credit card while he waits for his employer's shop to reopen.

CALGARY — Canada's oil and gas producers are continuing to cut billions of dollars from capital spending budgets and reduce payouts to investors in the wake of this week's sharp plunge in oil prices. Calgary-based ARC Resources Ltd.

OTTAWA — Statistics Canada says household debt as a percentage of disposable income edged down in the fourth quarter. The agency says Canadian households owed an average of $1.763 for every dollar of disposable income, down from the $1.

CALGARY — ARC Resources Ltd. cut its capital budget and slashed its dividend to help deal with the plunge on commodity markets.