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European Central Bank nearly doubles pandemic support scheme

European Central Bank nearly doubles pandemic support scheme

FRANKFURT — The European Central Bank has boosted its pandemic emergency support program by an unexpectedly large 600 billion euros to 1.35 trillion euros ($1.
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U.S. trade gap rises to $49.4 billion in April

U.S. trade gap rises to $49.4 billion in April

WASHINGTON — The U.S. trade deficit hit the highest level in eight months in April. Exports and imports both posted record monthly drops as the coronavirus pandemic smothered America's commerce with other countries. The gap between what the U.S.
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Merchandise trade deficit more than doubles in April as exports plunge

Merchandise trade deficit more than doubles in April as exports plunge

OTTAWA — Canadian exports posted a record drop as they fell to their lowest level in more than a decade and the country's merchandise trade deficit in April swelled to more than double compared with March.
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Former Bank of Canada governor Stephen Poloz joins Enbridge board of directors

Former Bank of Canada governor Stephen Poloz joins Enbridge board of directors

CALGARY — Former Bank of Canada governor Stephen Poloz has been appointed to the board of directors at pipeline company Enbridge Inc. Poloz retired as the head of the Canada's central bank on Tuesday.
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Trump administration moves to block Chinese airlines from US

Trump administration moves to block Chinese airlines from US

The Trump administration moved Wednesday to block Chinese airlines from flying to the U.S. in an escalation of trade and diplomatic tensions between the two countries.
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Pilgrim’s Pride CEO among indicted for chicken price fixing

Pilgrim’s Pride CEO among indicted for chicken price fixing

WHEAT RIDGE, Colo. — The CEO of Pilgrim's Pride is one of four current and former chicken company executives indicted Wednesday on charges of price-fixing. The U.S.
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Stingray reports $8.5M loss in fourth quarter on COVID-19 hit to radio revenues

MONTREAL — Stingray Group Inc. swung to an $8.5-million loss in the fourth quarter of its fiscal year as radio revenues declined due to the initial impact of the COVID-19 pandemic.
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Special payment to former Bombardier CEO raises objections from shareholder group

Special payment to former Bombardier CEO raises objections from shareholder group

MONTREAL — A shareholder advisory agency is urging Bombardier Inc. shareholders to vote against the company's approach to compensation over the severance package to former CEO Alain Bellemare that could reach $17.5 million.
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Investors again shrug off risks to drive stock markets to three-month highs

Investors again shrug off risks to drive stock markets to three-month highs

TORONTO — North American stock markets set new three-month highs as investors again shrugged off risks as they gained more confidence about the economic recovery. "Markets have been unstoppable even in the wake of renewed U.S.
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Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (15,575.11, up 180.75 points.) Suncor Energy Inc. (TSX:SU). Energy. Up 86 cents, or 3.51 per cent, to $25.38 on 34.9 million shares.
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