National Business

TORONTO — The Canadian Olympic Committee and law firm Fasken have entered into a five-year agreement.

LUNENBURG, N.S. — High Liner Foods Inc. reported a profit of US$14.2 million in its latest quarter as it saw a surge in demand from retail customers, but a drop in its food-service business as the COVID-19 pandemic took hold.

MONTREAL — Resolute Forest Products Inc. reported a loss of US$1 million in its latest quarter compared with a profit of US$42 million in the same quarter last year as its revenue fell.

CALGARY — TransAlta Corp. earned a profit of $27 million in its latest quarter compared with a loss a year ago, helped by strong earnings from its U.S. coal operations and its wind and solar business.

TORONTO — TMX Group Ltd. reported its first-quarter profit and revenue grew compared with a year ago as stock trading surged in volatile markets caused by the COVID-19 pandemic.

OTTAWA — Canada's telecommunications ombudsman says the top issue raised by customers in the latter part of 2019 was the information disclosed by their service providers, followed closely by incorrect charges.

OTTAWA — Consumers continued to buy more hand sanitizer, toilet paper, canned goods and baking supplies in April than before the COVID-19 pandemic even as the mid-March shopping frenzy started to die down, according to Statistic Canada's latest data.

Tilray Inc. experienced a rocky first quarter as it grappled with losing 10 per cent of its workforce through layoffs and then the restructuring of its operations. The Nanaimo, B.C.,-based cannabis firm, which reports its earnings in U.S.

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (15,103.22, up 136.66 points.) Freegold Ventures Ltd. (TSX:FVL). Materials. Unchanged at 34 cents on 21.8 million shares.

CALGARY — A federal financing relief package for large Canadian companies was applauded by the oil and gas sector and the Alberta government on Monday despite conditions that could link the aid to an individual company's climate change goals.