Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (15,854.07, up 326.20 points.) Air Canada (TSX:AC). Industrials. Up 87 cents, or 4.48 per cent, to $20.29 on 19.7 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Down 1.5 cents, or 3.09 per cent, to 47 cents on 17.6 million shares. Suncor Energy Inc. (TSX:SU). Energy. Up $2.61, or... Read More

Bombardier cutting 2,500 jobs as business jet demand falls due to pandemic

Bombardier cutting 2,500 jobs as business jet demand falls due to pandemic
MONTREAL — Bombardier Inc. will cut 2,500 workers from its plane-making division as demand for the company’s main source of income — private jets — falls amid a recession and feeble travel demand. The cuts will see 1,500 layoffs in Quebec and 400 in Ontario, as well as 500 in Mexico, 40 in the United States and about 60 outside... Read More

North American stock markets end week on fire after surprising jobs reports

North American stock markets end week on fire after surprising jobs reports
TORONTO — North American stock markets ended the week on fire following surprising positive jobs reports in Canada and the United States. The S&P/TSX composite index closed up 326.20 points or 2.1 per cent at 15,854.07. In New York, the Dow Jones industrial average was up 829.16 points at 27,110.98. The S&P 500 index was up 81.58 points at 3,193.93, while the... Read More

VMedia launches live, on-demand streaming TV service

VMedia launches live, on-demand streaming TV service
TORONTO — Independent internet service provider VMedia has launched its own live, on-demand streaming service. Unlike offerings from the national telecom companies such as Bell’s Alt TV, Rogers’ Ignite and Telus’ Pik TV, VMedia says subscriptions won’t be tied to a corresponding Internet package. RiverTV charges $16.99/month for more than 30 channels, largely drawn from Corus, Blue Ant Media and Wildbrain, formerly known... Read More

North American stock markets surge higher after jobs report, loonie up

North American stock markets surge higher after jobs report, loonie up
TORONTO — A broad-based rally helped boost Canada’s main stock index more than 300 points in late-morning trading, while U.S. stock markets also surged higher. The S&P/TSX composite index was up 318.57 points at 15,846.44. In New York, the Dow Jones industrial average was up 892.80 points at 27,174.62 after a better-than-expected U.S. jobs report. The S&P 500 index was up... Read More

US unemployment drops unexpectedly to 13.3% amid outbreak

US unemployment drops unexpectedly to 13.3% amid outbreak
WASHINGTON — U.S. unemployment dropped unexpectedly in May to 13.3% as reopened businesses began recalling millions of workers faster than economists had predicted, triggering a rally Friday on Wall Street and giving President Donald Trump something to boast about amid his reelection bid. The jobless rate is still on par with what the nation witnessed during the Great Depression. And... Read More

WestJet quietly breaks ranks with carriers to offer refunds to some customers

WestJet quietly breaks ranks with carriers to offer refunds to some customers
WestJet Airlines Ltd. has quietly changed its refund policy to allow some customers whose flights were cancelled due to the pandemic to reclaim their cash. The move appears to make WestJet the first major Canadian carrier to offer refunds rather than credit to passengers whose trips were called off due to the COVID-19 crisis. The refund offer, spelled out in a... Read More

Bombardier says it will cut 2,500 jobs from aviation side of company

Bombardier says it will cut 2,500 jobs from aviation side of company
MONTREAL — Bombardier says it will lay off 2,500 workers from the aviation side of the company because of the pandemic’s impact on its markets. The transportation firm said the majority of the reductions will impact manufacturing operations in Canada and will take place progressively throughout the year. Bombardier says it has to adjust its operations to ensure it emerges from... Read More