National Business

TORONTO — The price of gold soared to a record high Monday, boosting Toronto's main stock index to a triple-digit gain. "That's certainly the big story today," said Michael Currie, vice-president and investment adviser at TD Wealth.

MONTREAL — Longshoremen at the Port of Montreal launched a four-day strike on Monday morning, throwing a potential wrench into the economic recovery amid COVID-19.

NEWMARKET, Ont. — AirBoss of America Corp. shares shot to a five-year high Monday after the Ontario company got a contract worth up to US$121 million to supply air purifying respirators to the U.S. government. The shares hit an intraday high of $24.

NEW YORK — In the latest plan for Hollywood’s hopeful return to moviegoing during the pandemic, Warner Bros. will release Christopher Nolan's “Tenet” in an unprecedented fashion, opening it internationally first, with a U.S.

TORONTO — Canadian hotels are the latest group to launch a class action lawsuit resulting from COVID-19 after they were denied insurance coverage for business income lost because of the pandemic.

CALGARY — Lower prices for oil and gas around the world translated into a second quarter net loss on 55 per cent lower revenue for Canadian and international producer Vermilion Energy Inc. The Calgary-based company reported Monday a net loss of $71.

WASHINGTON — As Congress and the White House resume their efforts to agree on a new economic aid package, evidence is growing that the U.S. economy is faltering.

CALGARY — Canadian swimwear brand Swimco Group is seeking creditor protection, citing impacts from the COVID-19 pandemic.

TORONTO — Google says it is extending the ability for most of its 1,500 Canadian employees to work from home until at least next July.

CALGARY — A report funded by the Canadian liquefied natural gas industry estimates that creating a 56-million-tonnes-per-year LNG industry in B.C. would result in nearly 100,000 jobs.