National Business

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.

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.

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.

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

BRAMPTON, Ont. — MDA has signed a contract worth $190 million to support robotic operations on the International Space Station (ISS).

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.

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.

TORONTO — Canopy Rivers Inc. says it has made a $2-million investment in Dynaleo Inc., an Edmonton-based company focused on edible cannabis gummies.

TORONTO — Five things to watch for in the Canadian business world in the coming week: Air Canada earnings Air Canada will hold a conference call to discuss its first-quarter results on Monday.

VANCOUVER — Last year, more than 2,000 shoppers descended on a Toronto pop-up store, looking for deals at undergarment maker Knix's first warehouse sale.