Category: Financial

Mexico’s legacy airline Aeromexico files for bankruptcy

CanadianInvestor
Mexico’s legacy airline Aeromexico files for bankruptcy
MEXICO CITY — Mexico’s oldest legacy airline, Aeromexico, said Tuesday it has filed for Chapter 11 reorganization, a form of bankruptcy in which the carrier can keep operating while its debts and obligations are sorted out. The airline said “this legal process will not interrupt the airline’s operations” and that all tickets, reservations and bonus points would continue to be... Read More

Most actively traded companies on the TSX

Editor
Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (15,515.22, up 125.50 points.) Bonavista Energy Corp. (TSX:BNP). Energy. Down half a cent, or 9.09 per cent, to five cents on 20.7 million shares. Bombardier Inc. (TSX:BBD.B). Industrials. Down two cents, or 4.55 per cent, to 42 cents on 13 million shares. TC... Read More

TSX has best quarter in more than a decade as gold hits nine-year high

CanadianInvestor
TSX has best quarter in more than a decade as gold hits nine-year high
TORONTO — Canada’s main stock index ended its best quarter in more than a decade as the price of gold hit its highest level since 2011. The S&P/TSX composite index closed up 125.50 points at 15,515.22. In New York, the Dow Jones industrial average was up 217.08 points at 25,812.88. The S&P 500 index was up 47.05 points at 3,100.29, while the Nasdaq... Read More

Air Canada cutting 30 domestic routes, closing stations at eight airports

CanadianInvestor
Air Canada cutting 30 domestic routes, closing stations at eight airports
MONTREAL — Air Canada is indefinitely suspending service on 30 domestic regional routes and closing eight stations at regional airports. The airline says the cuts are being made as a result of continuing weak demand for both business and leisure travel due to COVID-19 travel restrictions and border closures. The regional airports where Air Canada is closing its stations include... Read More

Shell takes $22 billion hit on lower oil, gas prices

CanadianInvestor
Shell takes $22 billion hit on lower oil, gas prices
LONDON — Energy producer Royal Dutch Shell warned Tuesday it will slash the value of its assets by $22 billion to account for lower oil and gas prices amid the COVID-19 pandemic. With the virus outbreak hurting the long-term prospects of the global economy, the company said it continues “to adapt to ensure the business remains resilient” in challenging times.... Read More

Most actively traded companies on the TSX

Editor
Most actively traded companies on the TSX
TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (15,389.72, up 200.74 points.) Suncor Energy Inc. (TSX:SU). Energy. Up 88 cents, or 3.95 per cent, to $23.16 on 10.8 million shares. Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up 45 cents, or 1.92 per cent, to $23.83 on 9.5 million shares. Freegold Ventures... Read More

Toronto stock market starts week with broad rally led by energy sector

CanadianInvestor
Toronto stock market starts week with broad rally led by energy sector
TORONTO — Canada’s main stock index got a lift to start a holiday-shortened week from a broad-based rally led by the energy sector. The S&P/TSX composite index closed up 200.74 points at 15,389.72. In New York, the Dow Jones industrial average was up 580.25 points at 25,595.80. The S&P 500 index was up 44.19 points at 3,053.24, while the Nasdaq... Read More

Cirque du Soleil files for creditor protection, terminates 3,480 jobs

CanadianInvestor
Cirque du Soleil files for creditor protection, terminates 3,480 jobs
MONTREAL — The Cirque du Soleil, whose aerobatic shows have been halted by COVID-19, has filed for creditor protection while it develops a plan to restart its business. The company says it will seek court protection from creditors under the Companies’ Creditors Arrangement Act at a hearing Tuesday at Quebec Superior Court. Cirque du Soleil also announced the termination of... Read More