A deepening health crisis became an economic one too Friday, with the virus outbreak sapping financial markets, emptying shops and businesses, and putting major sites and events off limits.
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Global stock markets plunged further Friday on spreading fears over the impact of the new coronavirus, with some indexes set to close out their worst week since the depths of the financial crisis in 2008.
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Canada's main stock index plunged at the open as trading resumed on the Toronto Stock Exchange after it was halted early Thursday afternoon due to a technical issue.
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SNC-Lavalin Group Inc. reported a fourth-quarter loss of $292.9 million as the company recorded a charge related to a $280-million fine it agreed to pay after its construction subsidiary pleaded guilty to fraud for actions taken in Libya between 2001 and 2011.
The Supreme Court of Canada is set to decide whether a human-rights lawsuit against a Canadian mining company can be heard in British Columbia, even though it involves events in Africa.
The Dow plunged 1,191 points on Thursday, marking the worst one-day point drop in the index’s history. Economists say those numbers are troubling, but past health crises have been followed by rapid market recoveries
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Fear of the spreading coronavirus has led to a global run on sales of face masks despite evidence that most people who aren't sick don't need to wear them.
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The Geneva auto show was cancelled after the Swiss government put an immediate ban Friday on all public and private events involving more than 1,000 people in order to halt the spread of the new coronavirus.
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While other fast food chains are rushing to launch meatless and plant-based options, Dunkin' went in the opposite direction and released the ultimate snack for its American meat lovers: a bag of bacon.
A Japanese vice minister for justice is heading to Lebanon for talks on the case of former Nissan Motor Co. executive Carlos Ghosn, who fled for his home country late last year while out on bail awaiting trial.
Trading abruptly ended Thursday afternoon on the Toronto Stock Exchange and several other TMX Group Ltd. markets after the company suspended the exchanges due to what it says were technical issues.
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