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National Business

Canada's major airlines welcome new transport minister amid industry headwinds

MONTREAL — Canada's airlines welcomed the appointment of Omar Alghabra as the new federal minister of transport in a statement that emphasized the industry's continued challenges.

Corus Entertainment forecasts recovery despite weaker results in first quarter

TORONTO — Corus Entertainment Inc. expects to post a recovery later in 2021 after beating analyst expectations in the first quarter despite lower profits and revenues.
GM charges up new unit to sell electric delivery vans, gear

GM charges up new unit to sell electric delivery vans, gear

DETROIT — The market for battery-powered delivery vehicles and equipment has so much potential that General Motors is forming a new business unit to serve it, a move that lifted the automaker’s stock to a multiyear high.

Detour Gold purchase helps drive Kirkland Lake to higher gold production in 2020

CALGARY — Kirkland Lake Gold Ltd. is reporting full-year 2020 gold output of 1.37 million ounces, a 41 per cent increase from 2019 and in line with guidance. The increase in production was driven largely by the all-stock $4.

Enbridge rejects Michigan's order to shut down Line 5 pipeline through Great Lakes

TRAVERSE CITY, Mich. — Michigan's demand that Enbridge Inc.

Scotiabank $500 million program to help disadvantaged groups earn economic resilience

TORONTO — Bank of Nova Scotia will spend $500 million over the next decade on a new program that aims to break down barriers to higher education and career advancement for "disadvantaged" groups.

Canadian retail tech company Lightspeed expands business to suppliers

Lightspeed POS Inc. is expanding its business to include suppliers, as the Canadian technology company jockeys to compete with dominant retailers like Amazon.
Right-wing app Parler booted off internet over ties to siege

Right-wing app Parler booted off internet over ties to siege

The conservative-friendly social network Parler was booted off the internet Monday over ties to last week’s siege on the U.S.

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (17,934.45, down 107.62 points.) Hut 8 Mining Corp. (TSX:HUT). Down $2.12, or 25.06 per cent, to $6.34 on 15.1 million shares.
North American stock markets fall from Friday records in broad-based decrease

North American stock markets fall from Friday records in broad-based decrease

TORONTO — North American stock markets fell from Friday's record highs in a broad-based decrease amid virus and political uncertainties.