Air Canada urges Ottawa to adopt ‘science-based approach’ to reopen travel

Air Canada urges Ottawa to adopt ‘science-based approach’ to reopen travel
MONTREAL — Air Canada is again urging the government to ease COVID-19 travel restrictions, this time by adopting a “science-based approach” that would open travel to countries with low risks of infection. In a letter sent Wednesday to various ministers, the country’s largest airline says the situation is becoming “increasingly urgent” as Canada has made virtually no change to its quarantine... Read More

Most actively traded companies on the TSX

Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,063.33, up 154.88 points.) The Toronto-Dominion Bank (TSX:TD). Financials. Up 93 cents, or 1.53 per cent, to $61.80 on 13.6 million shares. Royal Bank of Canada (TSX:RY). Financials. Up 95 cents, or one per cent, to $95.78 on 11.9 million shares. Air Canada (TSX:AC). Industrials. Up... Read More

TSX climbs to highest close since March on COVID-19 vaccine hopes

TSX climbs to highest close since March on COVID-19 vaccine hopes
TORONTO — Canada’s main stock index rallied to its highest closing in more than four months on positive COVID-19 vaccine news that supported companies directly tied to an economic reopening. The S&P/TSX composite index gained 154.88 points to 16,063.33. In New York, the Dow Jones industrial average was up 227.51 points at 26,870.10. The S&P 500 index was up 29.04... Read More

Manitoba government offers more subsidies for businesses hit by COVID-19

Manitoba government offers more subsidies for businesses hit by COVID-19
WINNIPEG — The Manitoba government is extending and expanding a wage-subsidy program to spur job creation during the COVID-19 pandemic. Until now, the Back To Work program paid businesses who hired or brought back staff up to $5,000 per employee, to a maximum of five workers, through to the end of August. Premier Brian Pallister says the program will be... Read More

North American stock markets climb higher, loonie up against U.S. dollar

North American stock markets climb higher, loonie up against U.S. dollar
TORONTO — A broad-based rally helped boost Canada’s main stock index in late-morning trading, while U.S. stock markets also pushed higher. The S&P/TSX composite index was up 130.88 points at 16,039.33. In New York, the Dow Jones industrial average was up 207.56 points at 26,850.15. The S&P 500 index was up 23.21 points at 3,220.73, while the Nasdaq composite was... Read More

Apple wins big EU court case over $15 billion in taxes

Apple wins big EU court case over $15 billion in taxes
BRUSSELS — A European Union court on Wednesday delivered a hammer blow to the bloc’s attempts to rein in multinationals’ ability to strike special tax deals with individual EU countries when it ruled that Apple does not have to pay 13 billion euros ($15 billion) in back taxes to Ireland. The EU Commission had claimed in 2016 that Apple had... Read More

Alamos shares dip after $514-million expansion plans for northern Ontario mine

Alamos shares dip after $514-million expansion plans for northern Ontario mine
TORONTO — Shares in Alamos Gold Inc. are trading lower after the miner announced it would proceed with a $514 million expansion of its Island Gold mine in northern Ontario. It says the decision is based on a study of several options that concluded the best path forward was to proceed with a mill upgrade and shaft expansion to increase ore extraction... Read More

Quebec says private sector offices can reopen at one-quarter capacity

Quebec says private sector offices can reopen at one-quarter capacity
MONTREAL — Quebec is announcing that private sector businesses can begin bringing back up to a quarter of their employees to the office as of Saturday. Labour Minister Jean Boulet said today 25 per cent office occupancy is the maximum, adding the government continues to strongly recommend people work remotely if they can. Mask-wearing will be mandatory where physical distancing is not... Read More