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Air Canada to temporarily lay off 16,500 staff due to COVID-19 fallout

MONTREAL — Air Canada will temporarily lay off 16,500 employees starting this week as the airline struggles with fallout from the COVID-19 pandemic.
TC Energy enlists Alberta to help finish US$8-billion Keystone XL project

TC Energy enlists Alberta to help finish US$8-billion Keystone XL project

CALGARY — A final investment decision clearing the way for construction of the long-delayed Keystone XL Pipeline was greeted with relief on Tuesday by an Alberta oilpatch where production has grown faster than pipeline capacity.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (13,378.75, up 340.25 points.) Suncor Energy Inc. (TSX:SU). Energy. Up $3.49, or 18.4 per cent, to $22.46 on 24.9 million shares.
TSX ends worst first quarter since financial crisis despite energy-induced gains

TSX ends worst first quarter since financial crisis despite energy-induced gains

TORONTO — Canada's main stock index capped its worst first quarter since at least the financial crisis more than a decade ago on an upswing caused by a rise in the energy sector. The key sector rose by 15.
World hungry for Canadian grain amid pandemic, with shipments abroad rising

World hungry for Canadian grain amid pandemic, with shipments abroad rising

Canadian grain is in high demand as shippers try to feed a growing appetite from mills and governments seeking to shore up staple reserves amid the COVID-19 pandemic.
Suddenly strapped for cash: Financial advisers on dealing with COVID-19 fallout

Suddenly strapped for cash: Financial advisers on dealing with COVID-19 fallout

TORONTO — Credit counsellor Pamela George is hearing from Canadians who feel lost amid the financial strife of COVID-19. After the Ottawa-based adviser began offering free phone consultations last month, the stories began to flow in.
Laid off? How to apply for the Canada Emergency Response Benefit

Laid off? How to apply for the Canada Emergency Response Benefit

Uncertainty looms across the country as the economic fallout from the COVID-19 pandemic pushes the economy toward a recession that some expect to be worse than the 2008 financial crisis.

RBC expects home sales to dive 30%, prices to decline because of outbreak

TORONTO — Canada's housing market could see a significant pullback this year because of the COVID-19 pandemic, but could rebound next year, a report by RBC says.

Ontario Teachers' earned 10.4 net return last year as assets reach $207.4B

TORONTO — The Ontario Teachers' Pension Plan Board says it earned a net return of 10.4 per cent last year with net assets reaching $207.4 billion. The pension fund manager says its investment income reached a record $20.2 billion as of Dec. 31.
Mother sentenced to 7 months in college admissions scam

Mother sentenced to 7 months in college admissions scam

BOSTON — A California woman was sentenced Tuesday to seven months in prison for paying bribes to rig her two daughters' college admissions exams and get one of them into Georgetown University as a fake tennis recruit.
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