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Transat bookings drop as COVID-19 deters would-be travellers, yanking down stock

Transat bookings drop as COVID-19 deters would-be travellers, yanking down stock

MONTREAL 鈥 Travel company Transat AT Inc. has seen daily bookings drop off since late February, with a steep year-over-year decline this month as travel fears spread with COVID-19.
Most actively traded companies on the TSX

Most actively traded companies on the TSX

TORONTO 鈥 Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (12,508.45 points, down 1,761.64 points). Bombardier Inc. (TSX:BBD.B). Industrials. Down 19 cents, or 22.89 per cent, to $0.64 on 29.
Miner Teck Resources vows to cut carbon intensity by a third in the next decade

Miner Teck Resources vows to cut carbon intensity by a third in the next decade

VANCOUVER 鈥 Teck Resources Ltd. is doubling down on its greenhouse gas emissions targets, announcing it will aim to reduce carbon intensity in its operations by 33 per cent over the next 10 years.
New Bombardier CEO faces financial juggling act as recession looms

New Bombardier CEO faces financial juggling act as recession looms

MONTREAL 鈥 Bombardier Inc.'s new CEO comes on board as the debt-laden plane-and-train maker faces a new future as a pure-play producer of business jets, a cyclical industry bracing for a potential economic storm.
Quebecor says fourth-quarter profit up from year ago, raises dividend 78 per cent

Quebecor says fourth-quarter profit up from year ago, raises dividend 78 per cent

MONTREAL 鈥 Quebecor Inc.'s quarterly dividend will rise 78 per cent with its next payment to shareholders in April, the company announced Thursday along with a higher fourth-quarter profit and adjusted earnings that beat analyst estimates.
Pipeline sale to provide protection from 'severe downturn,' Tidewater says

Pipeline sale to provide protection from 'severe downturn,' Tidewater says

CALGARY 鈥 A deal to sell its Pioneer Pipeline will help insulate Calgary-based Tidewater Midstream and Infrastructure Ltd. from a "severe downturn" that's afflicted the energy industry for the past three years, the company's CEO said Thursday.
Fed intervenes to try to calm markets but investors shrug

Fed intervenes to try to calm markets but investors shrug

WASHINGTON 鈥 The Federal Reserve moved Thursday to try to ease disruptions in the financial markets stemming from the coronavirus by announcing that it will sharply increase its purchases of short-term Treasury bonds.
Global concert industry in flux as coronavirus spreads

Global concert industry in flux as coronavirus spreads

NEW YORK 鈥 Multi-platinum rock band Third Eye Blind had never cancelled a tour, even when its members 鈥渁ll had salmonella poisoning and we were all green and vomiting,鈥 as bandleader Stephan Jenkins put it.
Empire Co. Ltd. sees sales bump as shoppers prep amid coronavirus outbreak

Empire Co. Ltd. sees sales bump as shoppers prep amid coronavirus outbreak

One of Canada's largest grocers has seen a sales bump as Canadians buy more than usual in an effort to prepare amid the growing novel coronavirus outbreak. "Our customers are obviously concerned," said Michael Medline, CEO of Empire Co.
Collecting CPP while still contributing goes against expert advice

Collecting CPP while still contributing goes against expert advice

CALGARY 鈥 Canadians can begin collecting Canada Pension Plan payments as early as age 60, but financial advisers warn it rarely makes sense to do so. And there are even fewer reasons to start drawing retirement funds early when you're still working.