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HSBC Bank Canada reports Q1 profit down as it expects downturn to hurt loans

HSBC Bank Canada reports Q1 profit down as it expects downturn to hurt loans

VANCOUVER — HSBC Bank Canada reported a drop in its first-quarter profit compared with a year ago as it took a charge related to bad loans it expects due to the downturn in the economy.
Brazil edges toward being next big coronavirus hot spot

Brazil edges toward being next big coronavirus hot spot

RIO DE JANEIRO — Brazil is emerging as potentially the next big hot spot for the coronavirus amid President Jair Bolsonaro’s insistence that it is just a "little flu” and that there is no need for the sharp restrictions that have slowed the infection
Boeing CEO sees long road to recovery from virus outbreak

Boeing CEO sees long road to recovery from virus outbreak

Boeing's CEO said Monday that it will take years for the aircraft-building business to return to levels seen before the coronavirus pandemic, which has slowed air travel to a trickle and led airlines to park 2,800 jets.
CN Rail withdraws profit forecast after rail blockades, COVID-19 downturn

CN Rail withdraws profit forecast after rail blockades, COVID-19 downturn

MONTREAL — Canadian National Railway Co. is withdrawing its profit forecast as uncertainty fostered by the COVID-19 pandemic tears up the transportation industry playbook.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (14,642.11, up 221.75 points.) Royal Bank of Canada (TSX:RY). Financials. Up $1.75, or 2.1 per cent, to $84.95 on 10.2 million share.
Foodora to shut down in Canada on May 11 amid profitability challenges

Foodora to shut down in Canada on May 11 amid profitability challenges

TORONTO — Food delivery app Foodora is closing its Canadian operations in May, just months after a key labour board decision laid the groundwork for the company's workers to push for unionization.
S&P/TSX composite up despite plunge in oil prices for second Monday in a row

S&P/TSX composite up despite plunge in oil prices for second Monday in a row

TORONTO — Canada's main stock index started the trading week higher even though the price of oil futures plunged for a second consecutive Monday.
Ontario unveils broad outline for reopening economy in three stages

Ontario unveils broad outline for reopening economy in three stages

TORONTO — Ontario Premier Doug Ford released a broad outline Monday of how — but not when — the province's economy will reopen, while predicting there will never be a complete return to the old way of life.
Porter planes to remain grounded through June due to COVID-19 pandemic

Porter planes to remain grounded through June due to COVID-19 pandemic

Porter Airlines is extending its suspension of all flights by another four weeks until June 29 due to the COVID-19 pandemic. The Toronto-based carrier stopped flying on March 21 as travel controls and rising public health concerns choked off demand.
Virus is expected to reduce meat selection and raise prices

Virus is expected to reduce meat selection and raise prices

DES MOINES, Iowa — Meat isn't going to disappear from supermarkets because of outbreaks of the coronavirus among workers at U.S. slaughterhouses.