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Most actively traded companies on the TSX

Posted on 30 April 2020

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (14,798.29, up 156.18 points.) Manulife Financial Corp. (TSX:MFC). Financials. Up 37 cents, or 2.27 per cent, to $16.69 on nearly 11 million shares. StageZero Life Sciences Ltd. (TSX:SZLS). Health care. Down half a cent, or 4.35 per cent, to 11 cents on 10.1 m ...

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Housing prices should remain stable across Canada despite COVID-19 pandemic: market forecast

Posted on 30 April 2020

MONTREAL -- The price of a house in Canada is expected to remain stable despite the COVID-19 pandemic, according to a market survey forecast released on Tuesday. The best-case scenario -- which hinges on stay-at-home restrictions easing in the coming weeks -- would see home prices grow a modest 1 per cent by the end of the year, according to the Royal LePage House Price Survey and ...

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Magee House owner puts Hintonburg property up for sale for $3.2 million

Posted on 30 April 2020

Ovidio Sbrissa has put his “castle in the sky” in Hintonburg on the market, deciding the historic Magee House is probably a goner. Sbrissa, who has owned Magee House for 19 years, said the heritage value of the old stone building at 1119 Wellington St. W. is virtually “shot” after city interventions to stabilize the structure in the months after a partial collapse on July 24, ...

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Bombardier announces gradual resumption of its manufacturing operations in Canada

Posted on 30 April 2020

MONTREAL, April 28, 2020 (GLOBE NEWSWIRE) -- Bombardier (TSX: BBD.B) today announced that it has begun the process of recalling most of its Canadian based employees that were placed on furlough following government mandates enacted to slow the spread of COVID-19. Suspended manufacturing and service activities will gradually resume as of May 11. Nearly 11,000 employees are expected ...

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Canadian Tire Stock Could Skyrocket in a Return to Normalcy

Posted on 30 April 2020

If the businesses were to re-open over the coming weeks and months, there’s a high likelihood that many Canadian consumers would opt to continue staying at home, even if the risk of contracting COVID-19 were to be lowered. Heck, some folks see the retail landscape changing for good after the pandemic is over. For a brick-and-mortar-focused discretionary retailer like Canadian Tire (TS ...

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Ottawa offers rent relief for businesses as some provinces prepare to reopen economies

Posted on 30 April 2020

Prime Minister Justin Trudeau today announced a new rent subsidy program to help businesses forced to shut down due to the global pandemic, as some provinces begin to lay out plans to reopen their economies. The rent relief plan, to be funded jointly with the provinces, will provide non-repayable loans to commercial property owners to cover 50 per cent of rent payments for A ...

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City sees deadliest day since pandemic struck

Posted on 30 April 2020

Ottawa Public Health (OPH) is reporting 12 more deaths and 67 new cases of COVID-19, marking the city's deadliest 24 hours since the pandemic began. The city's death toll from the respiratory illness has now climbed to 71, mostly in long-term care homes. There are now 1,221 confirmed cases. Tuesday's new cases also mark the steepest one-day rise since the ...

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CFL asks federal government for up to $150 million

Posted on 30 April 2020

The Canadian Football League, scrambling for revenue in the wake of the COVID-19 pandemic, has asked the federal government for financial aid. CFL commissioner Randy Ambrosie said Tuesday the league has asked the Canadian government for as much as $150 million, starting with an initial instalment of $30 million to offset a dearth of cash flow that would normally be coming into team of ...

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Ottawa Bluesfest 2020 cancelled due to COVID-19 pandemic

Posted on 30 April 2020

OTTAWA -- The COVID-19 pandemic has forced the cancellation of one of Ottawa's biggest events. The 2020 RBC Ottawa Bluesfest has been cancelled. Executive Director Mark Monahan made the announcement Tuesday morning. "Having been at the helm of RBC Bluesfest since 1994, I can say that although we have weathered many storms, including a tornado in 2005, a stage collapse in 2011, ...

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Ottawa police won't block bridges if Quebec reopens before Ontario: Mayor Watson

Posted on 30 April 2020

OTTAWA -- Ottawa Mayor Jim Watson says he's not interested in having Ottawa police officers stand guard on the bridges from Gatineau to monitor essential travelers, should the economy in Quebec reopen ahead of Ontario's. Quebec police have been stopping cars periodically on the interprovincial bridges between Gatineau and Ottawa since April 1 to keep non-essential travelers out of t ...