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Canadian retail sales fell 10% in March, April expected to be worse

Canadian retail sales fell 10% in March, April expected to be worse

OTTAWA — Canadian retail sales collapsed in March as they posted their biggest monthly decline on record and Statistics Canada warned an even bigger drop is expected for April as closures due to pandemic ran the entire month.

Globe publisher says print advertising revenues headed for 'accelerated decline'

TORONTO — Phillip Crawley, publisher of The Globe and Mail, is warning that already diminished print advertising revenues are headed for another shock as the impacts of COVID-19 ravage the newspaper industry.
B.C.'s minimum wage increase of 75 cents will go ahead as planned: minister

B.C.'s minimum wage increase of 75 cents will go ahead as planned: minister

VICTORIA — There are no plans to defer a June 1 increase in British Columbia's minimum wage because of COVID-19, says the province's labour minister.
WestJet asks minister for labour code exemptions affecting layoffs

WestJet asks minister for labour code exemptions affecting layoffs

CALGARY — WestJet Airlines Ltd. is asking the federal labour minister for an exemption to Canada Labour Code provisions that would facilitate mass layoffs.
Fed's Powell says economic forecasts filled with uncertainty

Fed's Powell says economic forecasts filled with uncertainty

WASHINGTON — Efforts to forecast the U.S. economy's path to recovery from the current deep downturn face “a whole new level of uncertainty," Federal Reserve Chairman Jerome Powell said Thursday.
Saskatchewan to lift COVID-19 restrictions on restaurants, gyms in June

Saskatchewan to lift COVID-19 restrictions on restaurants, gyms in June

REGINA — The Saskatchewan government says restaurants, gyms and nail salons can reopen in about two weeks.
Michigan governor wins legal fight with lawmakers over virus

Michigan governor wins legal fight with lawmakers over virus

DETROIT — Michigan Gov. Gretchen Whitmer prevailed Thursday in a high-stakes challenge by Republican lawmakers who sued over her authority to declare emergencies and order sweeping restrictions during the coronavirus outbreak.
Frustration mounts over lack of refunds for flights cancelled during pandemic

Frustration mounts over lack of refunds for flights cancelled during pandemic

Canadians are increasingly showing signs of being fed up with airlines, which are offering travel vouchers rather than refunds to passengers whose flights have been cancelled due to the COVID-19 pandemic.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (14,884.85, down 112.78 points.) Sun Life Financial Inc. (TSX:SLF). Financials. Up 18 cents, or 0.38 per cent, to $47.06 on 25.
North American stocks fall on jobless claims, tensions between U.S. and China

North American stocks fall on jobless claims, tensions between U.S. and China

TORONTO — Potential U.S. retaliation against China over COVID-19 and continuously high jobless claims pushed North American stock markets lower on Thursday. Tensions between the world's two largest economies have been rising with efforts in the U.S.