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BC Ferries losing up to $1.5 million each day as pandemic tanks ridership

BC Ferries losing up to $1.5 million each day as pandemic tanks ridership

OTTAWA — The Canadian Ferry Association says BC Ferries is bleeding cash, with losses of up to $1.5 million per day as the COVID-19 pandemic continues to take a toll on ridership.
Quebec to loan up to US$200 million to struggling Cirque du Soleil

Quebec to loan up to US$200 million to struggling Cirque du Soleil

The Quebec government is coming to the rescue of Cirque du Soleil, announcing a loan of up to US$200 million as part of an agreement that could eventually see the province take over the live entertainment giant now walking a financial tightrope.
Canada Pension fund manager posts 3.1 per cent annual return for 2019-20

Canada Pension fund manager posts 3.1 per cent annual return for 2019-20

TORONTO — A stock market crash in March due to the COVID-19 pandemic took a bite out of Canada Pension Plan Investment Board's returns for 2020 but other types of assets performed well during the same downturn, CPPIB chief executive Mark Machin said

Retailers add COVID-19 surcharge for services to help offset costs of pandemic

VANCOUVER — Among the many changes that returning customers to Hatz Hair Studio in North Vancouver may notice is a $5 charge on their bill to help offset costs associated with operating during the coronavirus.
'This is not a garden-variety recession,' says Scotiabank CEO as Q2 profit falls

'This is not a garden-variety recession,' says Scotiabank CEO as Q2 profit falls

TORONTO — COVID-19 weighed down Bank of Nova Scotia's second quarter, causing its profit to plunge and the company to increase its reserves to cover bad loans. The Toronto-based bank reported Tuesday a profit of $1.
Under-fire UK government aide Cummings has Johnson's loyalty

Under-fire UK government aide Cummings has Johnson's loyalty

LONDON — Dominic Cummings helped Boris Johnson win power by pitting the people against the elite. Johnson’s Conservative administration has branded itself “the People’s Government.
Latam Airlines seeks bankruptcy protection as travel slumps

Latam Airlines seeks bankruptcy protection as travel slumps

BANGKOK — Latam Airlines, South America’s biggest carrier, sought U.S. bankruptcy protection Tuesday as it grapples with a sharp downturn in air travel sparked by the coronavirus pandemic.

Survey of manufacturers finds output down, expected to last months yet

TORONTO — A survey of Canadian manufacturers shows a widespread drop in output as demand falls during the COVID-19 pandemic with no quick rebound in sight.
US new-home sales post slight gain in April

US new-home sales post slight gain in April

BALTIMORE — U.S. new home sales ticked up 0.6% in April, a surprising gain amid the coronavirus outbreak that hints at the relative health of potential buyers.
Consumer confidence up slightly but remains near 6-year low

Consumer confidence up slightly but remains near 6-year low

WASHINGTON — U.S. consumer confidence inched up this month, showing signs of stabilizing, but remained near a six-year low in the face of the widespread business shutdowns that have sent the economy into recession.