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National employment numbers for April from Statistics Canada, at a glance

OTTAWA — A quick look at April employment (numbers from the previous month in brackets): Unemployment rate: 13.0 per cent (7.8) Employment rate: 52.1 per cent (58.5) Participation rate: 59.8 per cent (63.
TD expects U.S. retail banking business to take $1.1B charge for bad loans

TD expects U.S. retail banking business to take $1.1B charge for bad loans

Toronto-Dominion Bank says it expects to take a provision for credit losses related to its U.S. retail banking business of roughly $1.1 billion (US$800 million) in its second quarter due to the pandemic.
SNC free to exit Montreal in 2024 after shareholders vote down proposal

SNC free to exit Montreal in 2024 after shareholders vote down proposal

MONTREAL — SNC-Lavalin Group Inc. will be free to pull up stakes from Montreal — the seat of its operations for more than a century — come 2024, along the lines of a "Plan B" it submitted to federal prosecutors in 2018.
Uber loses $2.9 billion, offloads bike and scooter business

Uber loses $2.9 billion, offloads bike and scooter business

NEW YORK — Uber lost $2.9 billion in the first quarter as its overseas investments were hammered by the coronavirus pandemic, but the company is looking to its growing food delivery business and aggressive cost-cutting to ease the pain.
California doom: Staggering $54 billion budget deficit looms

California doom: Staggering $54 billion budget deficit looms

SACRAMENTO, Calif. — California will have a budget shortfall of $54.3 billion because of the economic devastation wrought by the coronavirus, Gov.
Texas salon owner jailed for defying governor's order freed

Texas salon owner jailed for defying governor's order freed

DALLAS — A Texas salon owner who defied Republican Gov.
Cineplex delays first-quarter results due to COVID-19 pandemic

Cineplex delays first-quarter results due to COVID-19 pandemic

TORONTO — Cineplex says it's delaying the release of its first-quarter financial results as it focuses on the business impact of COVID-19.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (14,833.69, up 2.95 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Down eight cents, or 15.
S&P/TSX composite up as Canadian price of gold near all-time high

S&P/TSX composite up as Canadian price of gold near all-time high

TORONTO — Canada's main stock index inched slightly higher on the growing shine from metals as the Canadian price of gold moved closer to a record high. The June gold contract was up US$37.30 at US$1,725.80 an ounce.
Bombardier sees Q1 earnings plummet after pandemic shutters factories

Bombardier sees Q1 earnings plummet after pandemic shutters factories

MONTREAL — Bombardier Inc. took a major earnings hit last quarter — with more losses to come — as fallout from the COVID-19 pandemic blocked aircraft deliveries and shut down operations across dozens of plants.