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Statistics Canada says retail sales plunged 26.4 per cent in April

Statistics Canada says retail sales plunged 26.4 per cent in April

OTTAWA — Retail sales fell by more than a quarter in April due to the COVID-19 pandemic, but Statistics Canada said Friday that they regained some of the lost ground in May. The agency said retail sales plunged by a record 26.4 per cent to $34.
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Do-it-yourselfers keep renovation sector hopping during COVID-19 pandemic

Do-it-yourselfers keep renovation sector hopping during COVID-19 pandemic

CALGARY — An army of Canadian do-it-yourselfers building fences, repairing decks and slapping thousands of litres of paint on weather-beaten siding have helped building centres across Canada escape the worst of the pandemic economic downturn.
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China charges 2 Canadians with spying in Huawei-linked case

China charges 2 Canadians with spying in Huawei-linked case

BEIJING — China has charged two detained Canadians with spying in cases linked to Canada’s arrest of a Huawei executive on U.S. charges. Chinese prosecutors said Friday that Michael Kovrig and Michael Spavor have been charged.
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Ovintiv lays off 25% of staff as fears rise for delayed oil industry recovery

Ovintiv lays off 25% of staff as fears rise for delayed oil industry recovery

CALGARY — Fears of persistently lower demand for oil are hitting home for industry workers as the world economy slowly strengthens following the deepest disruptions of the COVID-19 crisis. Oil and gas producer Ovintiv Inc.
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Telus to launch 5G wireless service in 5 markets on Friday, 26 more by year end

Telus to launch 5G wireless service in 5 markets on Friday, 26 more by year end

VANCOUVER — Telus says its fifth-generation wireless network will be activated in five of Canada's largest markets starting Friday, with another 26 to be added by the end of this year.
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Aimia closes Kognitiv transaction after court dismisses Air Canada lawsuit

Aimia closes Kognitiv transaction after court dismisses Air Canada lawsuit

MONTREAL — Aimia Inc. says it has closed a transaction with Kognitiv Corp. after the Quebec Superior Court dismissed an application from Air Canada to halt the merger.
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Bombardier chairman defends $17.5-million severance package for former CEO

Bombardier chairman defends $17.5-million severance package for former CEO

MONTREAL — The chairman of Bombardier Inc. is defending the multimillion-dollar compensation plan handed to former CEO Alain Bellemare.
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Most actively traded companies on the TSX

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (15,479.83, up 51.14 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Down two cents, or 3.92 per cent, to 49 cents on 14.
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Indigenous bank workers still face barriers despite employer efforts, says study

Indigenous bank workers still face barriers despite employer efforts, says study

TORONTO — A new study says significant barriers continue to exist when it comes to hiring, retaining and promoting Indigenous workers in Canada's banking and financial sector.
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Open letter from 27 CEOs calls for Canada to lighten travel restrictions

Open letter from 27 CEOs calls for Canada to lighten travel restrictions

TORONTO — Chief executives from 27 companies including three airlines say it's time for Canada's prime minister and provincial premiers to relax restrictions on air travel for the good of the economy.
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