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National Business

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (14,503.21, down 377.95 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Down one cent, or 2.3 per cent, to 42.5 cents on 11.
North American stock markets pummelled by gloomy Fed economic warning

North American stock markets pummelled by gloomy Fed economic warning

TORONTO — North American stock markets were pummelled midweek by the Federal Reserve chairman's warning about a prolonged economic downturn amid growing concerns about a second wave of COVID-19 infections.
Powell warns of a possible sustained recession from pandemic

Powell warns of a possible sustained recession from pandemic

WASHINGTON — Federal Reserve Chair Jerome Powell warned Wednesday of the threat of a prolonged recession resulting from the viral outbreak and urged Congress and the White House to act further to prevent long-lasting economic damage.
Rideshare, taxi services introduce COVID-19 protocols for masks, passenger total

Rideshare, taxi services introduce COVID-19 protocols for masks, passenger total

TORONTO — Rideshare and cab companies operating in Canada are retooling their apps and services to help stop the spread of COVID-19 as the economy reopens. Uber Technologies Inc., Lyft Inc.
Aimia follows Alibaba co-founder Jack Ma in buying stake in Chinese ad firm

Aimia follows Alibaba co-founder Jack Ma in buying stake in Chinese ad firm

MONTREAL — Aimia Inc. made its biggest move yet under its new strategy as an investment holding firm, scooping up a 10 per cent stake in one of China's largest outdoor advertising firms.
Nova Scotia chemists work with mill to create medical-grade pulp for N95 masks

Nova Scotia chemists work with mill to create medical-grade pulp for N95 masks

HALIFAX — A team of chemists at Saint Mary's University in Halifax is looking at methods to help East Coast mills produce pulp that can be used in the N95 respirator masks that have been in high demand during the global pandemic.
Desjardins Group scrambles to meet 616,000 relief requests from members, clients

Desjardins Group scrambles to meet 616,000 relief requests from members, clients

MONTREAL — Desjardins Group says the COVID-19 pandemic weighed on its results last quarter, as surplus earnings before member dividends dropped 29 per cent year over year.
Salons and barbers to take a financial hit as they start to reopen

Salons and barbers to take a financial hit as they start to reopen

Salons and barbershops are starting to reopen in some parts of Canada with more on the way, but the industry says the measures needed to keep everyone safe while getting a haircut will mean a big financial hit.
Vancity CEO Tamara Vrooman to become Vancouver Airport Authority chief

Vancity CEO Tamara Vrooman to become Vancouver Airport Authority chief

VANCOUVER — The chief executive of Vancity is stepping down as head of the credit union to become chief executive of the Vancouver Airport Authority. Tamara Vrooman, who will continue at Vancity until June 30, takes over the new job effective July 1.
StatCan suspends pre-release of jobs data to key government officials after leak

StatCan suspends pre-release of jobs data to key government officials after leak

OTTAWA — Statistics Canada is suspending the pre-release of its jobs report to a select group of government officials after a leak of the numbers last week.