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Alberta Premier Jason Kenney went on television Tuesday night to warn people in his province of difficult financial times ahead.

Kenney said the coronavirus pandemic and collapse in oil prices represent the “greatest challenge in the province’s modern history,” and warned that Alberta’s budget deficit this year will likely triple to $20 billion. "I cannot overstate how grave the implications of this will be for jobs, the economy and the financial security of Albertans," Kenney said in his televised address to the province. Kenney also said that Alberta won’t be able to relax...

Stocks rallied on Tuesday, building on the strong gains from the previous session, as investors grew more optimistic about a decline in new coronavirus cases. The Dow Jones Industrials gained 481.04 points, or 2.1%, to 23,161.03. Those gains initially numbered around 800 points. The S&P 500 climbed 47.64 points, or 1.8%, to 2,711.32. The S&P 500 is up 24.7% from its 52-week low set. The moves higher came after a series of positive coronavirus developments from around the world. In the U.S., the number of new cases appears to have fallen in recent days from their recent peak. Italy and Spain, two of the hardest-hit countries, are also seeing new cases fall off. In Asia, South Korea reported less than 50 new cases of infection for the second day running. China also posted no new. The two Asian countries were among those which saw spikes in infection rates...

There are some businesses out there today that aren’t going to survive the coronavirus pandemic, that’s just a fact. The longer the pandemic goes on and the longer that large groups are not permitted to assemble, the more disastrous of an impact that it will have on businesses that need high traffic levels to survive. One stock that may be in the worst shape is Cineplex Inc (TSX:CGX). As if online streaming wasn’t enough of a threat to its business model, now there’s an even bigger wrench throw into the mix: the company shutting down its theatres. On Mar. 16, the company announced that it would be closing its theaters until Apr. 2, at least. And this month, the company confirmed that they will remain closed indefinitely. It could be months before the company can...

Tesla Inc (NASDAQ:TSLA) saw its shares vault Friday, on the release of quarterly numbers Thursday. The electric-car whiz reported 88,400 deliveries and 102,672 total production in the first quarter, beating analyst expectations. Analysts had expected about 79,900 as of Wednesday. Breaking it down by model, Tesla reported combined deliveries of 76,200 Model 3 sedans and Model Y cross-over SUVs, and combined deliveries of 12,200 of the older and more expensive Model S and X vehicles. Both numbers beat estimates: Analysts had expected combined deliveries of 68,674 Model 3 and Model Y vehicles, and combined deliveries of 11,234 Model S and X vehicles, as of Wednesday. he estimates took into account the COVID-19 pandemic, which required Tesla to wind down new car production at its main car plant in Fremont, California, in the last week of March...

Stocks fell on Thursday as grim U.S. unemployment data offset a surge in oil prices and added to the fears surrounding the coronavirus outbreak and its economic ramifications. The Dow Jones Industrials lost 128.56 points to begin the session at 20,814.65. Economists expected another five million to five million workers filed for jobless claims last week as coronavirus-related shutdowns roll through the country. Boston Federal Reserve President Eric Rosengren said Wednesday that Congress likely will have to deliver more stimulus to help those at the lower end of the economic spectrum and to boost small business. New York Gov. Andrew Cuomo also said Wednesday the state’s model projects...

Stocks fell sharply on Wednesday as Wall Street begins the second quarter on a sour note amid mounting concerns over the coronavirus outbreak. The Dow Jones Industrials stumbled 640.28 points, or 2.9%, to 22,276.88. Boeing, Dow Inc and American Express all fell more than 5% to lead the Dow Industrials lower.The broader S&P 500 fell 79.04 points, or 3.1%, to 2,505.55. The S&P 500 was led lower by the real estate, energy, and financial sectors. President Donald Trump said Tuesday evening the U.S. should prepare for a “very, very painful two weeks”...

Stocks were mixed on Tuesday, the last day of the first quarter, as investors wrapped up a period of historic market volatility sparked by the coronavirus pandemic. The market pared losses in morning trading after data showed U.S. consumer confidence dropped less than expected in March. The Conference Board said Tuesday its consumer confidence index dropped to 120 this month from 132.6 in February, beating expectations of 110, according to Dow Jones. Investors continued to grapple with the worsening outbreak in the U.S. as the confirmed cases rose to more than 153,200, according to data from Johns Hopkins University. The U.S. has also officially become the country most affected. The Chicago PMI came in at 47.8 for March, well above estimates of 39, but still signaled a contraction in business activity. Prices for the 10-Year...

To say that gold stocks, particularly speculative ones listed on the TSX-Venture, have gone under-appreciated lately is about as weak of a statement as saying coronavirus has been a little bit of an inconvenience so far in 2020. With the softness in junior gold explorers - despite gold reaching its highest level in over 7 years - raising capital for these upstarts has been as easy fitting a camel through the eye of a needle.Good thing for Northern Superior Resources (TSX-V:SUP), the holder of a large portfolio of high quality assets in Tier 1 jurisdictions in Canada, that it has Michael Gentile, CFA, on its board of directors. Gentile, which came on as a SUP director in December, said in January...

Canada's main stock index futures dropped on Friday as concerns over the fast-spreading coronavirus outweighed stimulus measures undertaken by policymakers.The TSX Composite Index ended up with gains of 231.94 points, or 1.8%, Thursday to 13,371.17. Futures for Dow Jones Industrials sank 665 points, or 3%, early Friday to 21,683. The 30-stock average is now up more than 20% over the past three sessions, a gain that meets the technical definition of a bull market. The S&P 500 also rallied more than 6% and is now up over 20% since Monday’s close as well. Global cases of the coronavirus have surged to more than 542,700 with at least 85,996 in the U.S., according to data...