National Business

MONTREAL — Air Canada has raised $1.59 billion from share and debt offerings intended to offset some of the carrier's losses from the COVID-19 pandemic. The company said Tuesday it sold 35.4 million voting shares at $16.

Federal safety investigators bypassed aviation regulators on Tuesday and urged leading helicopter manufacturers to install so-called black boxes that would help determine the cause of crashes such as the one that killed former NBA star Kobe Bryant.

MONTREAL — Molson Coors Beverage Co. will eliminate about 190 temporary and permanent jobs in Quebec by the end of 2021 following its move to a new brewery complex south of Montreal.

Walmart says it will begin closing its Tire, Lube and Express businesses in stores across Canada.

WASHINGTON — Nearly 26,000 nursing home residents have died from COVID-19, the government reported Monday, as federal officials demanded states carry out more inspections and vowed higher fines for facilities with poor infection control.

MONTREAL — Bombardier Inc. has completed the sale of its regional jet business to Mitsubishi Heavy Industries Ltd. for US$550 million, cementing the plane maker's departure from commercial aviation following a three-decade run.

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (15,236.21, up 43.38 points.) Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up 56 cents, or 2.23 per cent, to $25.71 on 21.

TORONTO — North American stock markets followed two strong months of recovery by kicking off June slightly higher amid cautious optimism about economic reopenings. The S&P/TSX composite index closed up 43.38 points at 15,236.

TORONTO — Ontario is temporarily amending its labour laws to help businesses avoid permanently laying off workers and paying out severance, which could send some into bankruptcy during the COVID-19 pandemic.

TORONTO — As provinces begin to reopen their economies, there's a movement afoot to use mobile phones to alert health authorities to new cases that could lead to future outbreaks.