National Business

CHICAGO — Fitch Ratings has downgraded Air Canada because of an expected slower recovery in demand from the COVID-19 pandemic, especially for international travel.

MONTREAL — DavidsTea Inc. says it may pursue a formal restructuring that partly depends on landlord negotiations as the company looks to close some of its unprofitable locations.

TORONTO — The chairman and CEO of Fairfax Financial Holdings Ltd. has spent nearly US$150 million to purchase thousands of additional company shares.

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (15,359.66 , up 103.09 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Down six cents, or 11.54 per cent, to 46 cents on 20.

TORONTO — North American stock markets bounced back Monday from early pandemic-induced anxieties following a further intervention from the Federal Reserve. The U.S.

TORONTO — Bombardier Inc. shares tumbled nearly 12 per cent Monday after news that it will be dropped from the S&P/TSX composite index, adding to the plane-and-train maker's list of woes.

OTTAWA — A Federal Court judge has ruled that Ski-Doo maker BRP Inc. is entitled to $2.83 million in damages from rival Arctic Cat Inc. due to a snowmobile patent infringement.

TORONTO — Cineplex Inc. is inching towards a gradual reopening of its Canadian theatres, starting in Alberta later this month before going wider across the country in early July.

Shopify Inc. is upping the ante in its battle against Amazon.com Inc. by aligning itself Walmart Inc. in its fight with the Seattle online retailer.

OTTAWA — Sales of residential properties in May were up from a record low in April, but were still down 39.8 per cent from the same month last year, the Canadian Real Estate Association reported Monday.