National Business

DALLAS — Southwest Airlines posted its first quarterly loss in nearly a decade and said Tuesday that the downturn in air travel that began in late February shows no signs of letting up.

CALGARY — A $1.2-billion writedown in the value of its oil and gas assets around the world due to low global commodity prices resulted in a first-quarter net loss of $1.3 billion or $8.42 per share for Vermilion Energy Inc.

VANCOUVER — West Fraser Timber Co. Ltd. says it is withdrawing its production outlook for the year due to the uncertain impact of measures to cope with the COVID-19 pandemic.

MONTREAL — Quebec's economic recovery plan unveiled Tuesday aims to reopen the province's retail, construction and manufacturing sectors by mid-May, allowing roughly 500,000 people who had been temporarily laid off during the pandemic to return to wo

MONTREAL — Bombardier Inc.

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (14,798.29, up 156.18 points.) Manulife Financial Corp. (TSX:MFC). Financials. Up 37 cents, or 2.27 per cent, to $16.

TORONTO — Canada's main stock index outpaced U.S. markets Tuesday as the energy sector led despite further softness in crude oil prices. The S&P/TSX composite index closed up 156.18 points at 14,798.29, the highest level in more than seven weeks.

TORONTO — McDonald's Canada says it will start importing beef as Canada's beef supply chain struggles to meet current demand amid COVID-19.

The cancellation of business conferences and conventions across the country is costing cities hundreds of millions of dollars in lost revenue as the COVID-19 pandemic devastates the tourism industry.

Postmedia Network Inc. will lay off about 80 employees and permanently close 15 community publications as the newspaper conglomerate navigates the financial fallout of COVID-19.