National Business

WASHINGTON — The Federal Reserve put in motion two emergency lending programs Tuesday that were last deployed in response to the 2008 financial crisis, aiming to ease the flow of credit to businesses and households struggling amid the viral outbreak.

TORONTO — The Canadian Bankers Association says the country's six biggest banks are working together in their efforts to limit the spread of COVID-19 by temporarily limiting branch operating hours and reducing the number of branches, while maintainin

TORONTO — Celestica Inc. is withdrawing its financial guidance for the first quarter as a result of efforts in California and Malaysia to contain the spread of COVID-19.

LAVAL, Que. — Alimentation Couche-Tard Inc. is boosting its quarterly dividend 12 per cent after reporting strong net earnings in the third quarter that beat expectations.

TORONTO — Canada will avoid a technical recession even as the COVID-19 pandemic curtails consumer and business spending, and oil prices have cratered, the Conference Board of Canada said Tuesday.

TORONTO — North American stock markets partially recovered from Monday's steep losses on co-ordinated actions by central banks and plans for a US$1 trillion stimulus package by the U.S. government. The S&P/TSX composite index closed up 324.

Canada's grocery stores won't run out of food and essentials despite unprecedented demand amid the novel coronavirus outbreak, chief executives of the country's big grocers say.

VICTORIA — School's out indefinitely in British Columbia as the government said Tuesday it is also working on a plan to help businesses and workers affected by the COVID-19 pandemic.

TORONTO — Streaming platforms are joining Hollywood in throwing away the rule book in hopes to attract viewers stuck inside during the COVID-19 pandemic.

TORONTO — Canada's screen industry is facing significant production shutdowns due to COVID-19, and the country's entertainment unions are calling on the federal government to help their affected workers.