National Business

CALGARY — World oil prices have fallen so low that producers in Canada are being advised not to spend any money on drilling and, in some cases, to stop producing crude oil from existing wells. Benchmark U.S.

TORONTO — Agnico Eagle Mines Ltd.

Cutting liquor store hours amounts to a half-measure that could undermine efforts to contain COVID-19, epidemiologists say.

OTTAWA — The Hotel Association of Canada is warning that the industry is going to be devastated as travel comes to a halt in a bid to slow the spread of COVID-19. The association says the hotel industry business has crashed over the past 10 days.

LONDON — The Bank of England slashed its main interest rate to 0.1%, the lowest level since its founding in 1694, and reactivated a bond-buying stimulus program to cushion against the economic shock of the coronavirus pandemic.

TORONTO — While scores of Canadian employers have been laying off workers across the country amid an outbreak of novel coronavirus, Cherif Habib has been doing the exact opposite.

Retailers that have remained open as concerns around the spread of the novel coronavirus increase are either succumbing to pressure to shut their doors or explaining why they should be considered an essential service.

DETROIT — Ford is suspending its dividend to preserve cash as vehicles sales fade due to the coronavirus outbreak. The company said it's drawing on two credit lines to put another $15.4 billion in cash on its balance sheet.

TORONTO — The Canadian Anti-Fraud Centre has updated its list of known COVID-19-related scams.

TORONTO — Thomson Reuters says it has acquired Pondera Solutions, a technology company focused on detecting improper payments in health plans and government programs. Financial terms of the agreement were not immediately available.