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Bombardier cutting 2,500 jobs as business jet demand falls due to pandemic

Bombardier cutting 2,500 jobs as business jet demand falls due to pandemic

MONTREAL — Bombardier Inc. will cut 2,500 workers from its plane-making division as demand for the company's main source of income — private jets — falls amid a recession and feeble travel demand.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (15,854.07, up 326.20 points.) Air Canada (TSX:AC). Industrials. Up 87 cents, or 4.48 per cent, to $20.29 on 19.7 million shares.
North American stock markets end week on fire after surprising jobs reports

North American stock markets end week on fire after surprising jobs reports

TORONTO — North American stock markets ended the week on fire following surprisingly positive jobs reports in Canada and the United States. The S&P/TSX composite index hit a three-month high and closed up 326.20 points or 2.1 per cent at 15,854.
US unemployment drops unexpectedly to 13.3% amid outbreak

US unemployment drops unexpectedly to 13.3% amid outbreak

WASHINGTON — U.S. unemployment dropped unexpectedly in May to 13.

Employers will need new policies, practices to tackle shift to work-from-home

As companies begin to think about a return of staff to their offices, some firms are looking at a more permanent shift to work-from-home through flexible arrangements or even shuttering some office spaces as the COVID-19 shutdown moves from weeks int
WestJet breaks ranks with carriers to offer refunds to some customers

WestJet breaks ranks with carriers to offer refunds to some customers

WestJet Airlines Ltd. has quietly changed its refund policy to allow some customers whose flights were cancelled due to the pandemic to recoup their cash.

VMedia launches live, on-demand streaming TV service

TORONTO — Independent internet service provider VMedia has launched its own live, on-demand streaming service.
Trump hails jobs report, but unemployment rate still high

Trump hails jobs report, but unemployment rate still high

WASHINGTON — President Donald Trump took a victory lap Friday morning after the government reported surprising job gains for last month, seizing on the data to predict that the worst of the coronavirus pandemic and its economic disruption was in the
Twitter disables Trump campaign's George Floyd video tribute

Twitter disables Trump campaign's George Floyd video tribute

Twitter has blocked a Trump campaign video tribute to George Floyd over a copyright claim, in a move that adds to tensions between the social media platform and the U.S. president, one of its most widely followed users.
Unemployment rate falls to 13.3%, US adds 2.5 million jobs

Unemployment rate falls to 13.3%, US adds 2.5 million jobs

WASHINGTON — The U.S. unemployment rate fell to 13.3% in May from 14.7%, and 2.5 million jobs were added — a surprisingly positive reading in the midst of a recession that has paralyzed the economy in the wake of the viral pandemic.