National Business

European Union regulators are suspending their investigation into Air Canada's proposed purchase of Transat AT pending the arrival of more data from the two Canadian travel companies.

FRANKFURT — The chief executive of German payment service provider Wirecard AG resigned on Friday after the company disclosed that auditors could not find 1.9 billion euros ($2.

Canadian exports of crude oil by rail dropped by more than half in April compared to March as North American fuel demand plunged due to measures taken to control the COVID-19 pandemic.

OTTAWA — SNC-Lavalin Inc. will pay Ottawa $1.9 million for rigging bids on municipal infrastructure contracts in Quebec as part of a federal settlement.

MONTREAL — Quebec's securities regulator has filed civil charges against three residents over the illegal sale of virtual currency called PlexCoin.

TORONTO — The head of Unifor says he has been assured by Ontario's premier that the province will not proceed with a plan to cut statutory holidays for retail workers.

CALGARY — Oil and gas producer Bonavista Energy Corp. is proposing a deal with lenders that would eliminate about half of its outstanding debt but leave existing shareholders with only seven per cent of the company.

OTTAWA — Retail sales fell by more than a quarter in April due to the COVID-19 pandemic, but Statistics Canada said Friday that they regained some of the lost ground in May. The agency said retail sales plunged by a record 26.4 per cent to $34.

CALGARY — An army of Canadian do-it-yourselfers building fences, repairing decks and slapping thousands of litres of paint on weather-beaten siding have helped building centres across Canada escape the worst of the pandemic economic downturn.

BEIJING — China has charged two detained Canadians with spying in cases linked to Canada’s arrest of a Huawei executive on U.S. charges. Chinese prosecutors said Friday that Michael Kovrig and Michael Spavor have been charged.