National Business

WINNIPEG — The Manitoba government is adopting new emergency powers and stiffer penalties to deal with the COVID-19 pandemic and other public health crises. It's also preparing to spend a lot more money.

VICTORIA — Premier John Horgan says people in British Columbia should congratulate themselves for their efforts to flatten the COVID-19 curve, but it's still too early to loosen restrictions. Horgan said Wednesday that B.C.

WASHINGTON — The Federal Reserve is noting what most Americans are already acutely aware of: Economic activity contracted sharply and abruptly cross all regions of the country in recent weeks as the country locked down to combat the coronavirus pande

NEW YORK — Apple is releasing a new iPhone that will be vastly cheaper than the models it rolled out last fall when the economy was booming and the pandemic had yet to force people to rethink their spending.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (13,958.58, down 299.85 points.) Aphria Inc. (TSX:APHA). Health care. Up 24 cents, or 4.72 per cent, to $5.33 on 10.7 million shares.

BRP Inc. announced Wednesday it would temporarily lay off office workers as part of cost reduction measures prompted by the COVID-19 pandemic.

TORONTO — North American stock markets fell midweek on ominous new signs about the virus-weakened economy.

Canadian home sales nosedived in March as the COVID-19 pandemic began to take hold and caused both buyers and sellers to pull back. The Canadian Real Estate Association said Wednesday that home sales last month were down 14.

MONTREAL — Canada's two main railways face a bleak year ahead as a looming recession weighs on freight volumes.

TORONTO — More signs of trouble emerged in Canada's telecommunications sector as a result of COVID-19 this week when Shaw Communications announced it would temporarily lay off 10 per cent of its workforce despite surging demand for wireless, internet