Beaten down by the coronavirus outbreak, the world economy in 2020 will suffer its worst year since the Great Depression of the 1930s, the International Monetary Fund says in its latest forecast. The IMF said Tuesday that it expects the global economy to shrink three per cent this year — far worse than its 0.1 per…

The latest: A long-term care home in Toronto is reporting additional COVID-19 deaths as politicians in the provinces and Ottawa face increased scrutiny over what’s being done to protect seniors and the vulnerable from a novel virus that has now infected more than 25,000 people in Canada. The Eatonville Care Centre in the city’s west end said…

The latest:  Politicians and health officials are facing more questions about what’s being done to protect the elderly as COVID-19 outbreaks hit seniors’ homes and long-term care facilities across Canada. Police and the coroner were at a privately owned Dorval, Que., seniors’ residence over the weekend after 31 residents have died since mid-March. The government has said…

President Donald Trump said on Monday it was his decision when to reopen the U.S. economy — not that of state governors. “It is the decision of the president, and for many good reasons. With that being said, the administration and I are working closely with the governors, and this will continue. A decision by me, in…

As the coronavirus pandemic throws millions out of work and devastates economies worldwide, governments are struggling with the delicate balance between keeping people safe from a highly contagious virus and making sure they can still make a living or even have enough to eat. Workers in some non-essential industries were returning to their jobs Monday…

Oil prices fluctuated on Monday as the positive impact of major producers agreeing to record global output cuts was offset by concerns they will not be sufficient to reduce a glut as the coronavirus pandemic hammers demand. After four days of wrangling, the OPEC+ group of oil producers, comprising the Organization of the Petroleum Exporting…