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SNC withdraws financial guidance, moves to cuts costs and manage cash flow

SNC withdraws financial guidance, moves to cuts costs and manage cash flow

MONTREAL 鈥� 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.
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Lumber producer Canfor cuts production and capital spending due to COVID-19

Lumber producer Canfor cuts production and capital spending due to COVID-19

VANCOUVER 鈥� 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.
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B.C. government to release its estimates on the spread of COVID-19

B.C. government to release its estimates on the spread of COVID-19

VICTORIA 鈥� 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.
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Netflix reduces video quality in Canada to lower internet bandwidth use

Netflix reduces video quality in Canada to lower internet bandwidth use

TORONTO 鈥� 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.
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Pandemic fallout: NCAA slashes distribution by $375 million

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.
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World leaders vow to co-ordinate virus response in video call

World leaders vow to co-ordinate virus response in video call

DUBAI, United Arab Emirates 鈥� The head of the United Nations told leaders of the world鈥檚 20 major industrialized nations during an emergency virtual summit Thursday that "we are at war with a virus 鈥� and not winning it鈥� despite dramatic measures by c
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Cirque du Soleil considering options after closing shows, laying off most staff

Cirque du Soleil considering options after closing shows, laying off most staff

MONTREAL 鈥� Cirque du Soleil says it hasn't made a decision on steps it will take to stay afloat after cancelling all of its shows and laying off almost all of its employees due to the COVID-19 pandemic.
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Lululemon withholds guidance for 2020 due to COVID-19 as Q4 profits rise

Lululemon withholds guidance for 2020 due to COVID-19 as Q4 profits rise

VANCOUVER 鈥� Athleisure retailer Lululemon Athletica Inc. declined to provide a financial outlook for its current fiscal year as the impact of the COVID-19 pandemic unfolds.
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3.3 million seek US jobless aid, nearly 5 times earlier high

3.3 million seek US jobless aid, nearly 5 times earlier high

WASHINGTON 鈥� Nearly 3.3 million Americans applied for unemployment benefits last week 鈥� almost five times the previous record set in 1982 鈥� amid a widespread economic shutdown caused by the coronavirus.
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Most actively traded companies on the TSX

Most actively traded companies on the TSX

TORONTO 鈥� Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (13,371.17 , up 243.94 points.) Aurora Cannabis Inc. (TSX:ACB). Health care. Up 20 cents, or 18.87 per cent, to $1.26 on 27.
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