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Quebec-based Heroux-Devtek to cut 225 aerospace jobs due to drop in demand

Quebec-based Heroux-Devtek to cut 225 aerospace jobs due to drop in demand

LONGUEUIL, Que. — Heroux-Devtek Inc. says it will reduce its workforce by 10 per cent, or about 225 employees, due to falling demand in the commercial aerospace market due to the COVID-19 pandemic.
Statistics Canada says trade deficit grew to $1.4 billion in March

Statistics Canada says trade deficit grew to $1.4 billion in March

OTTAWA — Statistics Canada says the country's trade deficit grew to $1.4 billion in March as both exports and imports fell due to the COVID-19-related economic slowdown.
Thomson Reuters cuts revenue outlook due to disruptions caused by the pandemic

Thomson Reuters cuts revenue outlook due to disruptions caused by the pandemic

TORONTO — Thomson Reuters Corp. says it expects revenue to fall in the second quarter and is reducing its expectations for growth this year due to the disruptions caused by the COVID-19 pandemic.
Companies beef up COVID-19 measures with masks and temperature checks

Companies beef up COVID-19 measures with masks and temperature checks

TORONTO — When travellers board Air Canada flights, they will have more than their tickets checked.
California governor says some business may reopen this week

California governor says some business may reopen this week

YUBA CITY, Calif. — With more local governments moving ahead with their own plans for reopening, California Gov.
NDP questions health minister's knowledge of COVID-19 outbreak in Saskatchewan

NDP questions health minister's knowledge of COVID-19 outbreak in Saskatchewan

REGINA — Saskatchewan's Opposition on Monday questioned the flow of information from the government about a COVID-19 outbreak at a hospital just as the province was preparing to loosen restrictions intended to limit the spread of the illness.
Carnival Cruise Line plans to sail again starting in August

Carnival Cruise Line plans to sail again starting in August

Carnival Cruise Line said Monday that it plans to gradually resume cruising in North America in August, nearly five months after it halted operations due to the new coronavirus. Sailings will begin on Aug.
At least three years until 'cataclysmic' virus fallout recedes: Air Canada

At least three years until 'cataclysmic' virus fallout recedes: Air Canada

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.

Most actively traded companies on the TSX

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.

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.