National Business

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.

MONTREAL — Air Canada is suspending service on 30 regional routes and closing eight stations at smaller Canadian airports as the COVID-19 pandemic continues to batter the travel industry.

EDMONTON — Alberta's plan to relaunch its economy is taking a hit right out of the starting gate. The United States-based Fitch rating agency has announced it's reducing Alberta's credit rating to AA- from AA.

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.

Alimentation Couche-Tard says shopping patterns have changed during COVID-19 lockdowns with consumers purchasing larger-sized goods and stocking up on beer, wine and tobacco products.

TORONTO — Canada's main stock index ended its best quarter in more than a decade as the price of gold reached its highest level since 2011. The S&P/TSX composite index closed up 125.50 points at 15,515.22 to finish 2.

FRANKFURT — PSA Group unveiled one of its most important new models Tuesday with 20 people physically present and 2,600 watching online - a marketing configuration that the coronavirus seems likely to accelerate across the industry now that next year

TESUQUE PUEBLO, N.M. — A small northern New Mexico Native American tribe has opened a movie studio in a former casino that it hopes will lure big productions.

PARIS — European aircraft manufacturer Airbus said Tuesday it plans to eliminate 15,000 jobs over the next year, mostly in Europe, as it struggles with the financial hit of the coronavirus pandemic.

TORONTO — Cineplex is hoping moviegoers are willing to return to its theatres as the company deals with an uncertain future in the wake of its failed plan to sell itself to Cineworld.