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Reitmans lays off most its retail workers, some head office staff
MONTREAL — Reitmans (Canada) Ltd. is laying off 90 per cent of its Canadian retail store workers and 30 per cent of its Montreal head office employees after closing stores amid the spread of COVID-19.
Mar 27, 2020 10:23 AM
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Molson Coors Beverage Co. withdraws 2020 fiscal year guidance amid COVID-19
MONTREAL — Molson Coors Beverage Co. says it is withdrawing its financial outlook for the 2020 financial year and beyond due to uncertainty about the impacts of the ongoing COVID-19 outbreak. The company released its guidance on Feb.
Mar 27, 2020 9:53 AM
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Quebecor temporarily cutting 10 per cent of its workforce due to COVID-19
MONTREAL — Quebecor Inc. says it has temporarily laid off 10 per cent of its workforce as it deals with the impact of COVID-19. The Quebec-based telecommunications and media company employs more than 10,000 people in Canada.
Mar 27, 2020 9:06 AM
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Boston Pizza International laying off half of its corporate staff across Canada
VANCOUVER — Boston Pizza International Inc. is temporarily laying off approximately half of its 192 corporate staff across its three offices in Canada.
Mar 27, 2020 7:24 AM
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US consumer spending up modest 0.2% in February
WASHINGTON — Americans increased their spending by a modest amount in February but the expectation is that spending will be hit hard in coming months reflecting the shutdown of the American economy by the coronavirus.
Mar 27, 2020 7:05 AM
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SNC withdraws financial guidance, moves to cuts costs and manage cash flow
MONTREAL — SNC-Lavalin Group Inc. is withdrawing its financial guidance for 2020 as it works to cut costs and manage its cash flow due the COVID-19 pandemic and its impact of the company's operations around the world.
Mar 27, 2020 6:21 AM
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Lumber producer Canfor cuts production and capital spending due to COVID-19
VANCOUVER — Canfor Corp. is cutting production and reducing capital spending as it deals with the COVID-19 outbreak. The Vancouver-based lumber producer says it has reduced its planned capital spending by $20 million for Canadian and U.S. operations.
Mar 27, 2020 5:33 AM
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B.C. government to release its estimates on the spread of COVID-19
VICTORIA — The British Columbia government is expected to release its modelling information on COVID-19 today. Health Minister Adrian Dix says the report will be an indicator of how many people may become infected with the virus.
Mar 27, 2020 5:00 AM
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Netflix reduces video quality in Canada to lower internet bandwidth use
TORONTO — Netflix is lowering video quality for its subscribers in Canada as it attempts to reduce soaring demands on internet bandwidth in the midst of the COVID-19 pandemic.
Mar 26, 2020 5:41 PM
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Pandemic fallout: NCAA slashes distribution by $375 million
Cancelling March Madness because of the coronavirus pandemic will cost the NCAA about $375 million that it would have distributed to 350 schools across the nation. Some will be able to absorb the losses better than others.
Mar 26, 2020 5:32 PM
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