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Bombardier exits commercial jet sector with closure of US$550M CRJ deal

Bombardier exits commercial jet sector with closure of US$550M CRJ deal

MONTREAL — Bombardier Inc. has completed the sale of its regional jet business to Mitsubishi Heavy Industries Ltd. for US$550 million, cementing the plane maker's departure from commercial aviation following a three-decade run.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (15,236.21, up 43.38 points.) Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up 56 cents, or 2.23 per cent, to $25.71 on 21.
North American stock markets up slightly to start June after two strong months

North American stock markets up slightly to start June after two strong months

TORONTO — North American stock markets followed two strong months of recovery by kicking off June slightly higher amid cautious optimism about economic reopenings. The S&P/TSX composite index closed up 43.38 points at 15,236.

Ontario makes temporary change to layoff regulations to help businesses

TORONTO — Ontario is temporarily amending its labour laws to help businesses avoid permanently laying off workers and paying out severance, which could send some into bankruptcy during the COVID-19 pandemic.
How mobile phones could help trace the spread of COVID infections

How mobile phones could help trace the spread of COVID infections

TORONTO — As provinces begin to reopen their economies, there's a movement afoot to use mobile phones to alert health authorities to new cases that could lead to future outbreaks.
Quebec Maple Syrup Producers set new record for maple syrup production this year

Quebec Maple Syrup Producers set new record for maple syrup production this year

LONGUEUIL, Que. — Quebec Maple Syrup Producers say they set a new record for maple syrup production this year. The group says this year's harvest is estimated at more than 175 million pounds of maple syrup for all of Quebec, an average yield of 3.
Bell Canada to sell 25 data centres for $1.04 billion for Equinix Inc.

Bell Canada to sell 25 data centres for $1.04 billion for Equinix Inc.

TORONTO — Bell Canada will sell most of its data centres for $1.04 billion to California-based Equinix Inc., which provides locations to house equipment for cloud computing and internet services. Montreal-based Bell, the main subsidiary of BCE Inc.
Reitmans closing Thyme Maternity, Addition Elle brands during restructuring

Reitmans closing Thyme Maternity, Addition Elle brands during restructuring

Reitmans (Canada) Ltd. will close two of its retail chains and lay off roughly 1,400 workers as the company continues a restructuring amid the pandemic. Montreal-based Reitmans said Monday that it will shutter its 77 Addition Elle stores on Aug.
Linda Seymour named new president and chief executive of HSBC Canada

Linda Seymour named new president and chief executive of HSBC Canada

VANCOUVER — HSBC Canada says Linda Seymour has been appointed as the bank's president and chief executive, effective Sept. 1.
Laliberte abandons legal challenge of tax bill for 2009 space flight

Laliberte abandons legal challenge of tax bill for 2009 space flight

MONTREAL — The billionaire founder of the Cirque du Soleil is ending efforts to recover millions of dollars paid to Canadian tax authorities relating to his 2009 stay on board the International Space Station.