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The Canadian stock market ended sharply lower on Friday as fears of a global recession and rising worries about the coronavirus pandemic outweighed massive stimulus measures from central banks and governments, and prompted investors to cut down positions.

The Canadian stock market is down sharply Friday morning due to profit taking after three successive days of hefty gains, and worries about the economic impact of the COVID-19 spread.

The Canadian dollar showed mixed trading against its major counterparts in the European session on Friday, after the Bank of Canada reduced its benchmark rate unexpectedly to cushion the economic shocks from the COVID-19 pandemic. The BoC lowered its target for the overnight rate by 50 basis points...

Canadian shares are likely to open weak on Friday as rising concerns about the rapid spread of the coronavirus outbreak in the U.S. and across several countries in Europe may outweigh massive stimulus steps taken by global central banks and governments.

SNC-Lavalin Group Inc. (SNCAF.PK, SNC.TO) announced Friday that it has withdrawn its financial outlook for the full year 2020 that was provided by the company on February 28, 2020, due to uncertainty regarding the impact of the coronavirus (COVID-19) pandemic and the related impact on the company's worldwide...

Conagra Brands, Inc. (CAG) said Friday it will provide cash bonuses to employees at each of its production and distribution facilities in the U.S., Canada and Mexico for their extraordinary efforts during COVID-19. At the company's more than 50 facilities, full-time employees in the U.S. will receive...

The Australian dollar strengthened against its major counterparts in the Asian session on Friday, as most Asian shares rose on optimism about the U.S. stimulus package to mitigate the fallout from the coronavirus crisis. This offset negative sentiment after a report by the U.S. Labor Department showed...

Magna International Inc. (MG.TO, MGA) said, given the high degree of business uncertainty caused by COVID-19, the company is withdrawing its outlook. The company noted that is has liquidity of approximately $4 billion including approximately $1 billion in cash and $3 billion in available, committed credit...

biotech march27 Today's Daily Dose brings you news about BioSig Technologies' foray into COVID-19 drug development, FDA approval of Bristol-Myers' multiple sclerosis drug, delay in FDA panel review of Intercept Pharma's NASH drug candidate, and positive results of VBL Therapeutics' ovarian cancer trial.

After a sharp rally that lifted the benchmark by a little over 450 points at one stage, the Canadian stock market started parting gains, after very nearly falling into the red, recovered to end on a firm note on Thursday, extending gains to a third straight session.

After opening flat, the Canadian stock market rallied sharply Thursday morning, extending gains from previous two sessions, as investors continue to indulge in some strong buying after the U.S. Senate approved a massive $2 trillion relief package.

The U.S. dollar lost ground against its major counterparts in early New York deals on Thursday, as first-time claims for unemployment benefits soared to an all-time high last week amid the Covid-19 pandemic shut down in large parts of the U.S. economy. Data from the Labor Department showed that initial...

Shares of AG Mortgage Investment Trust Inc. (MITT) are currently surging more than 64 percent in Thursday's trading at $4.20, recovering from sharp losses earlier this week after the company said it did not expect to be able to fund the anticipated volume of future margin calls due to market disruptions...

Canadian shares are likely to open lower Thursday morning, tracking markets in Europe, where stocks are losing ground on profit taking after recent hefty gains.

The U.S. dollar declined against its major counterparts in early European deals on Thursday, as investors await U.S. jobless claims later in the day, which reflects the impact of the pandemic. Consensus estimates suggest that 1.6 million people may have filed unemployment claims in the week ended...

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