Bloomberg The Bank of Canada announced a large scale asset purchase program and cut its benchmark interest rate to a record low in a bid to ease financial-market strain and shield the nation’s economy from coronavirus fallout. The central bank lowered its policy rate last week by another half a percentage point to 0.25%, adding in a statement that the …

Bloomberg Royal Bank of Canada (RBC) cut its prime rate by 50 basis points (bps), matching Bank of Canada’s latest emergency rate cut. Canada’s largest lender by assets reduced the key rate to 2.45% from 2.95%, the Toronto-based bank said in a statement. Canada’s central bank unexpectedly cut its overnight lending rate by another half a percentage point to 0.25% …

Bloomberg Walmart Inc has taken on 25,000 new employees and given offers to thousands more in the first week of a hiring push, as the biggest private employer in the US scrambles to keep its shelves stocked and checkouts staffed during the coronavirus pandemic. The retailer has compressed a hiring process that can often take two weeks into as little …