National Business

CALGARY — More energy industry dividends are being slashed as investors turn their backs on companies whose payouts are now unaffordable with oil prices plunging to less than US$30 per barrel. Calgary-based TORC Oil & Gas Ltd.

TORONTO — Entrepreneurs across the country worry they may have to shut down their companies because of the impact of the novel coronavirus — and they want the government to take action quickly.

NEW YORK — Stocks jumped Tuesday as President Donald Trump promised he's “going big” with plans to blunt the economic pain caused by the coronavirus outbreak.

Canadian airports are poised to lose $1.3 billion amid an ongoing global travel collapse triggered by COVID-19, says group representing the country's airports.

NEW YORK — U.S. movie theatres have closed nationwide due to the coronavirus pandemic, turning dark nearly all of the country's 40,000-plus screens in an unprecedented shutdown.

WASHINGTON — U.S. industrial production rose last month for the first time since November as chillier weather kept utiliities busy and an uptick in auto production pushed manufacturing output higher.

FRANKFURT — Volkswagen said Tuesday it would close most of its European plants for two weeks due to uncertainty about demand for cars and supplies of parts amid the virus outbreak and said it wasn't possible to give a reliable outlook for this year's

OTTAWA — Statistics Canada says manufacturing sales fell 0.2 per cent to $56.1 billion in January. The agency says it was the fifth consecutive monthly decline. Economists had expected a drop of 0.

SMITH FALLS, Ont. — Cannabis company Canopy Growth Corp. says it's closing all of its corporate-owned Tokyo Smoke and Tweed stores later today in an effort to help limit the spread of COVID-19.

CALGARY — TransAlta Corp. has acquired a cogeneration facility in Michigan from two private companies for approximately US$27 million. TransAlta chief executive Dawn Farrell says the deal marks the company's first U.S. cogeneration project.