National Business

MONTREAL — Bombardier Inc. plans to lay off 200 workers at its plant in Thunder Bay, Ont., as the company ends production of ventilators and slows output of commuter trains for the Greater Toronto and Hamilton Area.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,731.49, down 58.48 points) Air Canada (TSX:AC). Industrials. Up 69 cents, or 4.18 per cent, to $17.19 on 9.34 million shares.

Sea-Doo maker BRP Inc. says production shutdowns depleted its inventory and dragged down revenues in its second quarter, but rising demand buoyed profits as fun-seekers turned to power sports for pandemic recreation.

MONTREAL — Canadian National Railway Co. has awarded a contract for 1,150 grain cars to National Steel Car Ltd. in Hamilton.

TORONTO — Canada's economy is starting to rebound from the worst of the COVID-19 pandemic slowdown, but TD Bank Group's chief executive is warning that trouble may still lie ahead.

TORONTO — When Canadians are handed payment terminals when dining out or grabbing takeout, there's usually a moment of discomfort as they quietly calculate how much to tip while restaurant staff hover nearby.

SILVER SPRING, Md. — More Americans signed contracts to buy homes in July, suggesting the current hot housing market could continue in the fall. The National Association of Realtors said Thursday that its index of pending sales rose 5.9%, to 122.

BALTIMORE — The U.S. economy shrank at an alarming annual rate of 31.7% during the April-June quarter as it struggled under the weight of the viral pandemic, the government estimated Thursday. It was the sharpest quarterly drop on record.

WASHINGTON — Just over 1 million Americans applied for unemployment benefits last week, a sign that the coronavirus outbreak continues to threaten jobs even as the housing market, auto sales and other segments of the economy rebound from a springtime

TORONTO — Canadian Imperial Bank of Commerce's earnings took a tumble as it allocated an increasing amount of money towards bad loans triggered by the COVID-19 pandemic. The Toronto-based bank said Thursday that it earned $1.17 billion or $2.