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Crude-by-rail shipments expected to fall after setting record high in January

Crude-by-rail shipments expected to fall after setting record high in January

CALGARY — Canadian crude-by-rail exports hit a record high in January but observers say they've likely fallen since then and stand to plummet even further as low oil prices force producers to cut growth spending and shut in high-cost wells.
Large Canadian airlines poised to weather COVID-19 despite 'very bad year' ahead

Large Canadian airlines poised to weather COVID-19 despite 'very bad year' ahead

MONTREAL — Canada's major airlines are relatively well-positioned to weather the financial storm that has been unleashed by the COVID-19 pandemic, but regional players may find it tougher to stay afloat, experts say.

Retirees, savers should stick to financial plan despite market fall, experts say

VANCOUVER — Near the end of 2018, Sheldon Petrie moved $40,000 into a self-directed registered retirement savings plan and watched his nest egg grow to about $55,000 at its peak.

New Gold shuts Rainy River Mine so staff can self-isolate after trips to U.S.

TORONTO — New Gold Inc. is closing its Rainy River Mine near the U.S. border in western Ontario for two weeks so that its workers can follow the 14-day self-isolation period recommended for those who have travelled outside Canada.
Cannabis stores warn of delivery delays, no same-day shipping and store closure

Cannabis stores warn of delivery delays, no same-day shipping and store closure

TORONTO — Canadian cannabis shoppers will have to get used to a patchwork of closed stores and delivery disruptions as pot distributors across the country implement changes.
Filthy lucre: Paper money shunned for fear of virus spread

Filthy lucre: Paper money shunned for fear of virus spread

NEW YORK — In a world suffering a pandemic, cash is no longer king.

Argentina quarantine forces Canadian miners to reduce activity, idle workers

Vancouver-based Lithium Americas Corp. says it has suspended construction activities at its US$565-million lithium project in Argentina in accordance with government-mandated restrictions in response to the COVID-19 pandemic.

Longview suspends production of Dash 8-400 and Series 400 Twin Otter aircraft

TORONTO — Longview Aviation Capital Corp. says it's suspending new production of Dash 8-400 and Series 400 Twin Otter aircraft in a move that will affect nearly 1,000 employees.
CSA issues guidance as banks and insurers get court order to hold online AGMs

CSA issues guidance as banks and insurers get court order to hold online AGMs

TORONTO — Canada's securities regulators suggests companies don't have to resend proxy-related materials to shareholders if they plan to move annual meetings online because of COVID-19.
Historian Niall Ferguson warns of contagion, online and off

Historian Niall Ferguson warns of contagion, online and off

NEW YORK — Historian Niall Ferguson has a knack for timing his TV projects. He debuted his examination of the global financial system in “The Ascent of Money” just as the 2008 economic crisis was hitting.