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 (15,516.90, up 42.70 points.) Bonavista Energy Corp. (TSX:BNP). Energy. Down three cents, or 27.27 per cent, to eight cents on 14.1 million shares. Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up 16 cents, or 0.69 per cent, to $23.49 on 14 million shares. Bombardier Inc. (TSX:BBD.B).... Read More

Airlines face MPs’ frustration over health concerns, lack of refunds

Airlines face MPs’ frustration over health concerns, lack of refunds
Airlines faced a tough reception at the House of Commons health committee Monday as MPs grilled them on the lack of refunds for customers whose flights were cancelled due to the COVID-19 pandemic. Parliamentarians from the three main opposition parties demanded to know why Canadians who paid for a service that was never delivered have yet to get their money back.... Read More

North American stock markets rise on conflicting reactions about COVID-19

North American stock markets rise on conflicting reactions about COVID-19
TORONTO — North American stock markets moved higher to start the week on conflicting reactions to concerns about COVID-19. The World Health Organization reported a record increase in global cases of virus infections on Sunday with cases rising in several U.S. states. Gold, technology and consumer staples didn’t follow the normal trading patterns in Monday’s response. In the U.S., tech stocks... Read More

Winnipeg plant gets $100M in federal financing to pull protein from peas, canola

Winnipeg plant gets $100M in federal financing to pull protein from peas, canola
OTTAWA — The federal government is helping finance an innovative, new agricultural production plant in Winnipeg that turns peas and canola into protein powders for the food industry. Merit Functional Foods Corp. plans to have its new 94,000-square-foot production plant at Winnipeg’s Centreport running by the end of the year. There it will extract protein from peas and canola seeds for... Read More

COVID-19 to leave some lasting economic damage, Bank of Canada chief says

COVID-19 to leave some lasting economic damage, Bank of Canada chief says
OTTAWA — The COVID-19 pandemic will leave some long-term economic damage that will only become clearer as the country moves further along a “prolonged and bumpy” course to recovery, Canada’s top central banker says. In his first speech as governor, Tiff Macklem said the central bank expects to see growth in the third quarter of this year as people are called... Read More

Forecast says economy will grow in 2021 if there isn’t another national shutdown

Forecast says economy will grow in 2021 if there isn’t another national shutdown
OTTAWA — The Conference Board of Canada says the economy may have already begun to recover from the deepest recession on record if the country can avoid another national COVID-related shutdown. The private sector group’s quarterly forecast estimates Canada’s economy will shrink by 8.2 per cent this year, after about three million jobs were lost in March and April due to COVID shut-downs.... Read More

Wirecard scandal: Missing billions likely don’t exist

Wirecard scandal: Missing billions likely don’t exist
BERLIN — German payment service provider Wirecard said Monday it has concluded that 1.9 billion euros ($2.1 billion) which were supposed to be held in two accounts probably don’t exist, deepening troubles that last week prompted the resignation of its chief executive. Wirecard AG was once regarded as a star of the growing financial technology sector, but its shares have... Read More

Trudeau says China made ‘obvious link’ between Meng and two Michaels

Trudeau says China made ‘obvious link’ between Meng and two Michaels
OTTAWA — Prime Minister Justin Trudeau says Chinese officials it made clear in the days following their arrests of Michael Kovrig and Michael Spavor that their imprisonments were linked with Canada’s detaining high-tech scion Meng Wanzhou days earlier. Trudeau was rebutting a spokesman for China’s foreign ministry who said earlier Monday that his country does not arbitrarily detain people, and that Trudeau’s earlier... Read More