National Business

Boeing is painting a sobering picture for its business in 2020.

LONDON — Britain took bold steps on Wednesday to cushion the economic shock of the coronavirus outbreak, as the government announced a 30 billion-pound ($39 billion) stimulus package and the Bank of England slashed its key interest rate to a record l

MONTREAL — Canada's truck driver shortage has reached new heights, with job vacancies more than doubling since 2016, a new report says. A shortage of more than 20,000 drivers has hampered truck company expansions and hurt sales, costing nearly $3.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (14,270.09, down 688 points). Cenovus Energy Inc. (TSX:CVE). Energy. Down nine cents, or 2.12 per cent, to $4.16 on 23.

CALGARY — Players in Canada's oilpatch are continuing to cut capital spending plans in the wake of this week's sharp plunge in oil prices. After markets closed Wednesday, Birchcliff Energy Ltd.

TORONTO — Canada's main stock index crossed into bear market territory Wednesday in the wake of the World Health Organization declaring the COVID-19 outbreak a pandemic. The S&P/TSX composite index closed down 688 points or 4.

MONTREAL — Air Canada is cancelling an order for 11 Boeing 737 Max aircraft amid ongoing production delays to the grounded jet, which continues to face questions around its safety.

TORONTO — The Metro Toronto Convention Centre should have been bustling Wednesday with guests at a two-day retail, marketing and technology conference, but the event's plans changed with news that a Sudbury man who visited the venue last week had con

NEW YORK — There's only one television show that can stand atop the weekly ratings and say it did the same thing more than 40 years ago.

WASHINGTON — The Trump administration is working on plans to delay the April 15 federal tax deadline for some taxpayers in a bid to soften the impact of the coronavirus outbreak on the U.S. economy.