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Sail Outdoors Inc. files for bankruptcy protection amid COVID-19 pandemic

Sail Outdoors Inc. files for bankruptcy protection amid COVID-19 pandemic

LAVAL, Que. — Sail Outdoors Inc. has filed for bankruptcy protection so it can restructure amid the COVID-19 pandemic. The Laval, Que.
Air Canada raises $1.6 billion to mitigate losses during pandemic

Air Canada raises $1.6 billion to mitigate losses during pandemic

MONTREAL — Air Canada has raised $1.59 billion from share and debt offerings intended to offset some of the carrier's losses from the COVID-19 pandemic. The company said Tuesday it sold 35.4 million voting shares at $16.
Safety board asks helicopter makers to install 'black boxes'

Safety board asks helicopter makers to install 'black boxes'

Federal safety investigators bypassed aviation regulators on Tuesday and urged leading helicopter manufacturers to install so-called black boxes that would help determine the cause of crashes such as the one that killed former NBA star Kobe Bryant.

Molson will eliminate about 190 jobs following 2021 move of Montreal brewery

MONTREAL — Molson Coors Beverage Co. will eliminate about 190 temporary and permanent jobs in Quebec by the end of 2021 following its move to a new brewery complex south of Montreal.

Walmart closing its Tire, Lube and Express businesses in stores across Canada

Walmart says it will begin closing its Tire, Lube and Express businesses in stores across Canada.
Nearly 26,000 COVID deaths in nursing homes spur inspections

Nearly 26,000 COVID deaths in nursing homes spur inspections

WASHINGTON — Nearly 26,000 nursing home residents have died from COVID-19, the government reported Monday, as federal officials demanded states carry out more inspections and vowed higher fines for facilities with poor infection control.
Bombardier exits commercial jet sector with closure of US$550M CRJ deal

Bombardier exits commercial jet sector with closure of US$550M CRJ deal

MONTREAL — Bombardier Inc. has completed the sale of its regional jet business to Mitsubishi Heavy Industries Ltd. for US$550 million, cementing the plane maker's departure from commercial aviation following a three-decade run.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (15,236.21, up 43.38 points.) Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up 56 cents, or 2.23 per cent, to $25.71 on 21.
North American stock markets up slightly to start June after two strong months

North American stock markets up slightly to start June after two strong months

TORONTO — North American stock markets followed two strong months of recovery by kicking off June slightly higher amid cautious optimism about economic reopenings. The S&P/TSX composite index closed up 43.38 points at 15,236.

Ontario makes temporary change to layoff regulations to help businesses

TORONTO — Ontario is temporarily amending its labour laws to help businesses avoid permanently laying off workers and paying out severance, which could send some into bankruptcy during the COVID-19 pandemic.