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Yukon diverts 3.56 million to its aviation industry to help in pandemic loss

Yukon diverts 3.56 million to its aviation industry to help in pandemic loss

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 market climbs as crude oil futures reach highest level in two weeks

Toronto market climbs as crude oil futures reach highest level in two weeks

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.
Group wants CRTC to do more to protect privacy amid contact tracing debate

Group wants CRTC to do more to protect privacy amid contact tracing debate

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
Quebecor wants to "rescue" Cirque du Soleil as company walks financial tightrope

Quebecor wants to "rescue" Cirque du Soleil as company walks financial tightrope

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.
Metro Vancouver home sales down 39.4 per cent in April to near 40-year low

Metro Vancouver home sales down 39.4 per cent in April to near 40-year low

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.
Ferrari slashes 2020 earnings forecast of COVID-19 pandemic

Ferrari slashes 2020 earnings forecast of COVID-19 pandemic

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.
Canadian equities were worst hit asset type for fund managers in Q1, report says

Canadian equities were worst hit asset type for fund managers in Q1, report says

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
MDA signs $190-million robotics contract for International Space Station

MDA signs $190-million robotics contract for International Space Station

BRAMPTON, Ont. — MDA has signed a contract worth $190 million to support robotic operations on the International Space Station (ISS).
J.Crew files for Chapter 11 as pandemic chokes retail

J.Crew files for Chapter 11 as pandemic chokes retail

NEW YORK — The owner of J.Crew is filing for bankruptcy protection, the first major retailer to do so since the pandemic forced most stores in the United States to close.
De Havilland Canada begins phased restart of manufacturing operations

De Havilland Canada begins phased restart of manufacturing operations

TORONTO — De Havilland Aircraft of Canada Ltd. has started a phased return-to-work plan after it suspended manufacturing operations in March due to the pandemic. The company says 100 employees are back on the job.
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