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North American stock markets surge on liquidity injection from central banks

North American stock markets surge on liquidity injection from central banks

TORONTO — North American stock markets surged for the first time since the start of the coronavirus following hefty liquidity injections from the world's largest central banks. The S&P/TSX composite index closed up 132.97 points at 17,512.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (17,512.73, up 132.97 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Up 23 cents, or 17.69 per cent, to $1.53 on 35.2 million shares.
Lumber company shares rise on news the U.S. intends to cut softwood duties

Lumber company shares rise on news the U.S. intends to cut softwood duties

Shares in Canadian lumber companies rose Tuesday on news that the U.S. government could reduce duties on softwood lumber imports in August. In early trading in Toronto on Tuesday, Canfor Corp. stock rose as much as 7.
Tilray to lay off 10 per cent of staff to help company better achieve profitability

Tilray to lay off 10 per cent of staff to help company better achieve profitability

TORONTO — Tilray Inc. is laying off 10 per cent of its workforce in an effort to cut costs.

Jury awards ex-One America News Network employee $290K

SAN DIEGO — An African-American man fired from his TV talk show producer job at One America News Network was not harassed on the basis of racial prejudice, but was fired in part because he lodged his complaint, a California jury found.
Labour Department investigating weekend roof collapse in Cape Breton mine

Labour Department investigating weekend roof collapse in Cape Breton mine

DONKIN, N.S. — Nova Scotia's Labour Department is reporting another rockfall at the Donkin coal mine in Cape Breton.
TD Bank cuts posted mortgage rate used in stress test as bond yields dip

TD Bank cuts posted mortgage rate used in stress test as bond yields dip

TORONTO — TD Bank lowered its posted five-year fixed mortgage rate on Tuesday to narrow the gap between the benchmark and the special rates it offers customers.
Sony warns of China virus impact on raised forecast for year

Sony warns of China virus impact on raised forecast for year

TOKYO — Japanese electronics and entertainment company Sony Corp.
Ralph Lauren, seeing more price stability, roars in 3Q

Ralph Lauren, seeing more price stability, roars in 3Q

NEW YORK — Profits at Ralph Lauren soared in the third quarter and the high-end retailer topped almost all expectations on Wall Street by any metric. Profit jumped from $120 million in the same period last year, to $334.

Ferrari CEO less worried about China weakness than Hong Kong

MILAN — Ferrari CEO Louis Camilleri said Tuesday the Italian luxury sports car maker could shift deliveries to other markets to adjust to any weakness in China due to the coronavirus, and that he was more concerned about Hong Kong.