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IMF: U.S. economy will drop 6.6% in 2020 in face of pandemic

WASHINGTON — The International Monetary Fund predicted Friday that the U.S. economy will shrink 6.6% this year, pounded by the coronavirus and the lockdowns meant to contain it.
NYC cleared to reopen zoos, play ball; museums stay shut

NYC cleared to reopen zoos, play ball; museums stay shut

New York City was cleared Friday to take the next step in its reopening next week, allowing movie and TV crews to film, zoos to welcome reduced crowds, professional sports teams to play to empty seats.
Personal assistant charged in dismembered tech CEO's killing

Personal assistant charged in dismembered tech CEO's killing

NEW YORK — A personal assistant arrested Friday in the death and dismemberment of a 33-year-old tech entrepreneur was believed to have owed his boss a “significant amount of money,” New York City police said.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (16,123.48 , up 98.98 points.) Algonquin Power & Utilities (TSX:AQN). Utilities. Up 15 cents, or 0.81 per cent, to $18.74 on 5.
S&P/TSX composite rises for third-straight week on lift from materials, industrials

S&P/TSX composite rises for third-straight week on lift from materials, industrials

TORONTO — Canada's main stock index rose for a third straight week to the highest closing since March on continuing gains from gold and the strength of the country's railways. The S&P/TSX composite index closed up 98.98 points at 16,123.

Michigan wants Enbridge to pledge funds in case of oil spill

TRAVERSE CITY, Mich. — Michigan sought a pledge Friday from Enbridge Inc. to cover costs that would arise if oil were to leak from its dual pipelines that extend across a channel linking two of the Great Lakes.
Mobile Klinik to speed up expansion of smartphone repair chain as unit of Telus

Mobile Klinik to speed up expansion of smartphone repair chain as unit of Telus

TORONTO — The Mobile Klinik chain of smartphone repair and resale shops plans to speed up its expansion with the help of its new owner, Telus Corp.

Seattle cruise line sells 4 ships; cruise ban extended

SEATTLE — A Seattle-based cruise line has sold four ships in its fleet as the coronavirus pandemic has halted operations and subsequently slowed businesses that rely on incoming traffic from the industry.
Canadian artists, writers, performers call for national basic income

Canadian artists, writers, performers call for national basic income

TORONTO — A group of Canadian artists, writers, technicians and performers is calling on Ottawa to guarantee a basic income for anyone in need.
Court approves Cirque du Soleil secured lenders as benchmark bidder

Court approves Cirque du Soleil secured lenders as benchmark bidder

MONTREAL — A takeover proposal from the Cirque du Soleil's secured creditors has been approved as the benchmark bid for a court-supervised auction of the insolvent entertainment company.
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