National Business

EDMONTON — Early forecasts on Alberta's COVID-19 crisis suggest hospitalization cases will peak in late May.

NEW YORK — Even as coronavirus deaths mount across Europe and New York, the U.S.

FORT LAUDERDALE, Fla. — When Jose Andres first came to New York City, the wide-eyed sailor in the Spanish navy docked on West 30th Street full of ambition.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (13,925.714, up 311.57 points.) Hexo Corp. (TSX:HEXO). Health care. Down 25 cents, or 26.04 per cent, to 71 cents on 14.

MONTREAL — Air Canada plans to rehire 16,500 laid-off workers via Ottawa's emergency wage subsidy, though the vast majority will remain at home amid the collapse of global travel triggered by the COVID-19 pandemic.

MONTREAL — Cogeco Inc.'s Quebec-based radio business has temporarily laid off about one-quarter of its employees due to a significant decline in advertising from retailers affected by COVID-19 shutdowns.

TORONTO — North American markets rose Wednesday on the potential for more stimulus spending and optimism around the trajectory of the COVID-19 outbreak.

Calgary energy investor Mac Van Wielingen says there's an opportunity for the oil and gas sector to regain public respect and support when Canada tries to restore its economy after the COVID-19 pandemic ends.

VANCOUVER — For the past 18 months, Nguyet Dang has been working to bring her dream of opening a Vietnamese restaurant to life. Then the COVID-19 pandemic hit.

LONDON — European planemaker Airbus said Wednesday it is reducing production by about a third as demand for aircraft and travel plummets due to the coronavirus pandemic.