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Transat changes course on refunds after cancelling slew of winter flights

Transat changes course on refunds after cancelling slew of winter flights

MONTREAL — Air Transat plans to cancel all flights from Western Canada to sun destinations and the United States this winter, with refunds en route to customers — a policy 180 in the COVID-19 era.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,299.29, up 4.63 points) SOPerior Fertilizer Corp. (TSX:SOP). Basic Materials. Unchanged at $0.03 on 13.54 million shares.
Reducing Nova Scotia's deficit will need co-operation of public sector: premier

Reducing Nova Scotia's deficit will need co-operation of public sector: premier

HALIFAX — Public-sector workers will have to dampen their wage expectations in the coming years as Nova Scotia grapples with a projected $853-million deficit resulting from the COVID-19 pandemic, Premier Stephen McNeil said Thursday.
North American stock markets make gains from morning plunge

North American stock markets make gains from morning plunge

TORONTO — North American stock markets made back some of their earlier losses Thursday to end the trading day relatively flat. The S&P/TSX composite index inched up 4.63 points to 16,299.29. It lost nearly 280 points earlier in the day.
Record economic plunge, bleak jobs numbers reveal virus toll

Record economic plunge, bleak jobs numbers reveal virus toll

WASHINGTON — The coronavirus pandemic sent the U.S. economy plunging by a record-shattering 32.
Calgary bucks trend of rising home prices in second quarter, says StatCan report

Calgary bucks trend of rising home prices in second quarter, says StatCan report

OTTAWA — Homes prices are higher than a year ago in five of six major markets, according to new data from Statistics Canada.
Husky Energy oil output and refining volumes ramp up as economy recovers

Husky Energy oil output and refining volumes ramp up as economy recovers

CALGARY — Oil production and refining volumes at Husky Energy Inc. are gradually returning to normal after deep cutbacks earlier this year but the company is braced for a "bumpy" recovery, CEO Rob Peabody said Thursday.
Real estate holdings, client relations among WE Charity's path forward: experts

Real estate holdings, client relations among WE Charity's path forward: experts

TORONTO — As sponsors cut ties with WE Charity and it faces scrutiny from MPs, donors and the Canadian public, experts say the organization must tackle the question of how to move forward financially.
Grubhub sees orders jump but swings to 2Q loss

Grubhub sees orders jump but swings to 2Q loss

Grubhub's average daily orders jumped 32% in the second quarter as the pandemic shut in diners, but the company swung to a loss as it spent heavily to prop up struggling restaurants and protect drivers.

Government revisions show slightly slower 2019 GDP growth

WASHINGTON — The government says the U.S economy grew a bit more slowly last year than it had previously estimated and slightly faster in 2018.