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North American stock markets drop despite U.S. Fed's interest rate cut

North American stock markets drop despite U.S. Fed's interest rate cut

TORONTO — North American stock markets dropped after an initial flurry despite the U.S. Federal Reserve making a surprise cut to its benchmark interest rate to offset the impact of the novel coronavirus.
Coronavirus restricting flow of consumer goods into Canada, says CN CEO

Coronavirus restricting flow of consumer goods into Canada, says CN CEO

MONTREAL — The deep slump in Chinese production due to the novel coronavirus is narrowing the flow of consumer goods into Canada, hurting business at the country's largest railway. "In the last 20 days we saw a steady decline.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,423.62, down 129.64 points.) Suncor Energy Inc. (TSX:SU). Energy. Down $1.58, or 4.29 per cent, to $35.22 on 16.7 million shares.
GFL Environmental shares drop 17 per cent below target on first day of trading

GFL Environmental shares drop 17 per cent below target on first day of trading

TORONTO — GFL Environmental Inc.'s first day of trading saw its shares drop 17 per cent below its target price. The Vaughan, Ont.-based waste management company's shares were $4.60 lower at $22.40 in Tuesday trading on the Toronto Stock Exchange.
DesRosiers says auto sales climb in February from a year earlier

DesRosiers says auto sales climb in February from a year earlier

TORONTO — DesRosiers Automotive Consultants Inc. says auto sales rose in February from a year earlier to mark a second month of gains this year. The consultancy says it estimates there were 123,375 light vehicles sold in the month, a 2.
Virus spread prompts Fed to slash rates in surprise move

Virus spread prompts Fed to slash rates in surprise move

WASHINGTON — In a surprise move, the Federal Reserve cut its benchmark interest rate by a sizable half-percentage point Tuesday in an effort to support the economy in the face of the spreading coronavirus.
Political programming dominates the week in television

Political programming dominates the week in television

NEW YORK — For the second straight week, politics was the dominant force in prime-time television. CBS News' coverage of the Democratic presidential debate from South Carolina last week was easily the most-watched event on television, with 15.
COVID-19 concerns up odds Bank of Canada will cut rates, economists say

COVID-19 concerns up odds Bank of Canada will cut rates, economists say

OTTAWA — Mounting cases of the novel coronavirus and ensuing unrest through the economy has upped the odds the Bank of Canada will cut rates this week and maybe more drastically than originally forecasted, economists say.

Ontario announces mining mission to South America

TORONTO — Ontario's economic development minister has announced he is leading a mining mission to Peru and Ecuador. Vic Fedeli says the trip will focus on mining manufacturing and equipment and will expose Ontario businesses to new markets.
Target offers solid profit outlook despite virus uncertainty

Target offers solid profit outlook despite virus uncertainty

NEW YORK — Target Corp. says there could be periodic shipping delays in merchandise from China while the discounter scrambles to stock up on more household essentials in its U.S. stores as it confronts the repercussions of a spreading new virus.