National Business

TORONTO — U.S. stock markets suffered their worst day in more than two years Monday while Canada's main stock index posted a triple-digit decline amid concerns stemming from an increase in new cases of the novel coronavirus outside of China.

GATINEAU, Que. — A coalition of groups representing consumers, low-income and Indigenous people in Manitoba told the CRTC Monday that "Canadians have waited long enough" for high-quality mobile wireless services at an affordable price.

SAINT JOHN, N.B. — A new alliance has been formed to promote the development of small nuclear reactors and other energy technologies in Atlantic Canada.

FRANKFURT — The widening coronavirus outbreak threatens to seriously disrupt the global economy, just as it was steadying itself against headwinds from the U.S.-China trade dispute.

TORONTO — An award-winning Toronto-based production company behind a slew of popular reality shows is facing a $35-million class-action lawsuit over alleged employment standards violations.

OMAHA, Neb. — Billionaire Warren Buffett says the viral outbreak in China has slowed economic growth, but he remains confident in the long-term future of American business.

MONTREAL — Air Canada has signed two agreements for airframe maintenance in Quebec, subject to its takeover of Transat AT.

OTTAWA — Statistics Canada says wholesale sales rose 0.9 per cent to $63.9 billion in December. Economists had expected an increase of 0.5 per cent, according to financial markets data firm Refinitiv.

TORONTO — Cronos Group Inc. is delaying the release of its fourth-quarter and full-year financial results. The cannabis company says it has had a delay in the completion of its financial statements.

MONTREAL — MTY Food Group Inc. reported a fourth-quarter profit of $20.7 million, up from $13.2 million in the same quarter a year earlier, as it said allegations by an employee that had delayed the release of its quarterly results are baseless.