National Business

TORONTO — North American stock markets enjoyed a relief rally in the aftermath of interest rate cuts on both sides of the border and a strong primary night for former U.S. vice president Joe Biden.

Canopy Growth Corp. is orchestrating a massive overhaul involving a layoff of 500 workers, a multimillion-dollar writedown, the closure of two greenhouses and the cancellation of plans to operate a third. The Smiths Falls, Ont.

HALIFAX — Atlantic Canadian fisheries entrepreneurs like Danny Dumaresque have to be nimble in their marketing efforts as the impact of the novel coronavirus hits their Asian customer base and delays key industry events.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,779.53, up 355.91 points.) Manulife Financial Corp. (TSX:MFC). Financials. Up 33 cents, or 1.48 per cent, to $22.64 on 13.

TORONTO — Shopify Inc. says it is postponing all events, one-on-one appointments and workshops at its Los Angeles entrepreneurs' space.

TORONTO — The Bank of Canada cut its key lending rate by half a percentage point on Wednesday over concerns of the novel coronavirus.

OTTAWA — The Bank of Canada slashed its key interest rate target by half a percentage point, dropping it to 1.25 per cent in what economists saw as a rapid response to the growing economic shock from the novel coronavirus outbreak.

Aecon Group Inc. is forecasting another year of income growth on the heels of record annual revenue, as the construction firm continues to shore up its backlog of infrastructure projects.

TORONTO — The chief executive of Scotiabank saw his total compensation for last year fall compared with 2018. In its management proxy circular, the bank says Brian Porter earned $12.6 million in total compensation last year, down from nearly $13.

KASTANIES, Greece — Greek authorities fired tear gas and stun grenades to drive away a crowd of people attempting to cross the border from Turkey, as pressure from illegal immigration built after Turkey declared its previously guarded gateways to Eur