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TSX and TSXV move to help listed companies, allow more time to hold AGMs

TSX and TSXV move to help listed companies, allow more time to hold AGMs

TORONTO — The company that runs the Toronto Stock Exchange and the TSX Venture Exchange is moving to loosen some rules to help listed companies as they deal with the COVID-19 pandemic. TMX Group Ltd.
Airports forecast $2-billion loss by June as travel halts amid COVID-19

Airports forecast $2-billion loss by June as travel halts amid COVID-19

Canadian airports are confronting the prospect of $2 billion in losses over the next few months as borders shut and planes stay parked due to the COVID-19 pandemic.
PG&E to plead guilty to lethal crimes in 2018 wildfires

PG&E to plead guilty to lethal crimes in 2018 wildfires

SAN FRANCISCO — Pacific Gas & Electric will plead guilty to 84 counts of involuntary manslaughter for a swath of death and destruction left behind after its fraying electrical grid ignited a 2018 wildfire that decimated three Northern California
Kirkland Lake reduces output at Detour Lake Mine to guard against COVID-19

Kirkland Lake reduces output at Detour Lake Mine to guard against COVID-19

TORONTO — Kirkland Lake Gold Ltd. is cutting back operations at its recently purchased Detour Lake Mine in northern Ontario to protect employees and their communities from the COVID-19 virus.
Cineplex Inc., MEC enact mass layoffs amid COVID-19 store, theatre closures

Cineplex Inc., MEC enact mass layoffs amid COVID-19 store, theatre closures

Mountain Equipment Co-Op and Cineplex Inc. have laid off thousands of employees as the companies closed stores and theatres as instructed by various governments in an effort to stem the transmission of COVID-19.
Fed makes strongest bid yet to protect firms and governments

Fed makes strongest bid yet to protect firms and governments

WASHINGTON — The Federal Reserve is unleashing its boldest effort yet to protect the U.S. economy from the coronavirus by helping companies and governments pay their bills and survive a devastating crisis.
Toronto, Ontario and Vancouver real estate boards urge suspension of open houses

Toronto, Ontario and Vancouver real estate boards urge suspension of open houses

TORONTO — The Toronto Regional and Ontario real estate boards have urged realtors to stop holding open houses because of the COVID-19 pandemic, following a similar move by the Greater Vancouver Area board last week.
Travel company Transat AT lays off 3,600 staff, about 70 per cent of workforce

Travel company Transat AT lays off 3,600 staff, about 70 per cent of workforce

MONTREAL — Transat AT Inc. has temporarily laid off about 70 per cent of its workforce in Canada, about 3,600 people, as it looks to stop flying on April 1.

IIROC fines TD Waterhouse Canada $4 million plus costs for disclosure omission

TORONTO — The Investment Industry Regulatory Organization of Canada has fined TD Waterhouse Canada Inc. $4 million for failing to include position cost information in quarterly retail client account statements for certain securities positions.
Ensign Energy Services cuts capital spending plan, executive salaries

Ensign Energy Services cuts capital spending plan, executive salaries

CALGARY — Ensign Energy Services Inc. is cutting its capital budget and says its top executives will take a pay cut as it moves to deal with the crash in the oilpatch due to COVID-19 and the oil price war between Russia and Saudi Arabia.