National Business

MONTREAL — With losses topping $1 billion last quarter, Air Canada says it will be at least three years before flights and earnings return to 2019 levels as the "cataclysmic" effects wrought by the COVID-19 pandemic continue to mount.

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange ( 14,745.04, up 124.70 points.) SOPerior Fertilizer Corp. (TSX:SOP). Materials. Up half a cent, or 16.67 per cent, to 3.5 cents on 15.

WHITEHORSE — Yukon is diverting $3.56 million from its federal government support to the territory's aviation sector to help compensate for revenues lost during the pandemic.

TORONTO — Canada's main stock index recovered at the end of Monday trading with the energy sector rising as crude oil futures reached their highest closing in two weeks.

OTTAWA — Canada's telecommunications regulator should do more to protect the privacy rights of cellphone and internet users from abuse as public health authorities and their allies seek new ways trace the spread of COVID-19, a consumer rights group s

MONTREAL — Quebecor Inc. says it wants to "rescue" Cirque du Soleil by purchasing a controlling stake in the struggling company and bringing its ownership back home to Quebec.

Home sales in the Greater Vancouver area hit their lowest levels in nearly 40 years in April due to the COVID-19 pandemic, and experts say buyers can expect price declines to eventually follow. The sales total of 1,109 homes was 62.

SOAVE, Italy — Luxury sports carmaker Ferrari on Monday lowered its full-year earnings guidance significantly due to the COVID-19 pandemic, and acknowledged that the new outlook assumes a sharp recovery in the second half of the year.

TORONTO — Canadian equities were the worst performing traditional asset category in the first quarter, according to a report that sizes up the financial impact of the COVID-19 pandemic and concurrent decline in world oil prices during the first three

BRAMPTON, Ont. — MDA has signed a contract worth $190 million to support robotic operations on the International Space Station (ISS).