National Business

TORONTO — Huawei Technologies Co.'s push to become a leading supplier of 5G technology in Canada appears to be in jeopardy after the Chinese tech giant's CFO suffered a legal setback in a B.C. court, prompting an angry response from Beijing.

MONTREAL — Business at Canadian National Railway Co. has gone downhill since mid-March, leading to thousands of temporary job cuts at the company as the COVID-19 pandemic rips into a sector that serves as a barometer of economic cycles.

DETROIT — Tesla confirmed Thursday that CEO Elon Musk will get the first tranche worth nearly $770 million of a stock-based compensation package triggered by the company meeting several financial metrics.

VANCOUVER — Clothing retailer Aritzia Inc. expects its net revenue is about 45 per cent lower for the current quarter compared with the same time last year due to COVID-19 related store closures and despite a significant spike in online sales.

MONTREAL — Two Montreal-based mining companies with West African gold operations say their shareholders have overwhelmingly approved a $1-billion combination deal. SEMAFO Inc. and Endeavour Mining Corp. say more than 99.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (15,262.73, down 9.30 points.) Sun Life Financial Inc. (TSX:SLF). Financials. Down 30 cents, or 0.62 per cent, to $48.09 on 24.

TORONTO — Canada's main stock index slipped lower at the end of Thursday trading as a two-day rally by the heavyweight financials sector concluded with banks being among the biggest decliners on the day.

BILLINGS, Mont. — A U.S. appeals court on Thursday turned down a request by the Trump administration and energy industry groups to revive a permit program for new oil and gas pipelines that had been cancelled by a lower court.

CALGARY — The owners of Canada's private nursing homes are under increasing pressure from investors and critics alike as infections and deaths from the COVID-19 outbreak continue among the country's oldest and most vulnerable citizens.

Sea-Doo maker BRP Inc. is facing a rough ride after the COVID-19 pandemic sank profits last quarter, with the company scrambling to cut costs while ramping up production following factory shutdowns.