Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (15,089.08, up 161.78 points.) HEXO Corp. (TSX:HEXO). Health care. Up 21 cents, or 23.86 per cent, to $1.09 cents on 22.3 million shares. The Green Organic Dutchman Holdings. (TSX:TGOD). Health care. Up 9.5 cents, or 19.59 per cent, to 58 cents on 10.2 million shares.... Read More

Air Canada CEO’s compensation cut by more than half to $5.8M due to COVID-19

Air Canada CEO’s compensation cut by more than half to $5.8M due to COVID-19
MONTREAL — Air Canada CEO Calin Rovinescu was on track to receive around $12.9 million in total compensation last year, but the value fell by more than half as the airline’s shares stalled due to the COVID-19 pandemic. As of May 4, when the company’s share price closed at $17.63 on the Toronto Stock Exchange, the total compensation of its... Read More

Toronto stock market rally led by cannabis while U.S. stock markets closed

Toronto stock market rally led by cannabis while U.S. stock markets closed
TORONTO — Canada’s main stock index posted a triple-digit advance on a broad-based rally led by a resurgence among cannabis stocks. The S&P/TSX composite index closed up 161.78 points at 15,089.08. U.S. stock markets were closed for the Memorial Day holiday. The Canadian dollar traded for 71.51 cents US compared with 71.35 cents on Friday. The July crude contract was up 47... Read More

Transat extends Air Canada takeover timing following European regulatory review

Transat extends Air Canada takeover timing following European regulatory review
TORONTO — Transat AT has extended the timing of its acquisition by Air Canada after European regulators launched an in-depth investigation into the deal over concerns it may reduce competition and result in higher prices. The Montreal-based tour company that owns Air Transat said it informed Air Canada of its decision to delay the transaction date by one month until... Read More

Canada Post swings to Q1 loss despite 10 per cent growth in parcels revenues

Canada Post swings to Q1 loss despite 10 per cent growth in parcels revenues
OTTAWA — Canada Post swung to a $66-million loss before taxes in the first quarter despite a surge in parcel volumes near the start of the COVID-19 lockdown. The segment’s net loss from the period ended March 28, compared with a $23-million profit a year earlier. Revenue increased two per cent to $1.68 billion with mail down 0.6 per cent... Read More

As malls re-open across the country, worries grow that consumers won’t come back

As malls re-open across the country, worries grow that consumers won’t come back
Malls across the country are beginning to open their doors after weeks of government-mandated shutdowns, but both operators and retail tenants are stepping into uncharted territory amid the COVID-19 pandemic. In the near-term, operators are focused on reopening their properties safely, but there’s a larger concern that shoppers — who have embraced e-commerce and curbside pickup since the pandemic’s outset — will be unimpressed upon returning to malls as many stores remain closed... Read More

Poloz: Economic shock from COVID-19 to lead to higher indebtedness

Poloz: Economic shock from COVID-19 to lead to higher indebtedness
OTTAWA — Bank of Canada governor Stephen Poloz says the country’s response to the COVID-19 pandemic will “clearly lead to higher indebtedness” once the economic shock has passed. Poloz points to a drop in interest rates that would normally boost near-term economic growth through greater borrowing — but such borrowing will add to debt levels the central bank has previously warned... Read More

NDP makes support for suspending Commons contingent on permanent sick leave

NDP makes support for suspending Commons contingent on permanent sick leave
OTTAWA — Federal New Democrats say they want to see real action from the Liberal government on permanent paid sick leave and support for people with disabilities before they will support a plan to continue suspending full House of Commons sittings. The Liberals over the weekend proposed to waive “normal” House of Commons sittings in favour of expanding the special COVID-19... Read More

Asia Today: South Korea to require masks on transit, flights

Asia Today: South Korea to require masks on transit, flights
BANGKOK — South Koreans will be required to wear masks when using public transportation and taxis nationwide starting Tuesday as authorities look for more ways to slow the spread of the coronavirus as people increase their public activities. Health Ministry official Yoon Taeho on Monday said masks will also be required on all domestic and international flights from Wednesday. From... Read More