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Transat extends Air Canada takeover timing following European regulatory review

Transat extends Air Canada takeover timing following European regulatory review

TORONTO — Transat AT has extended the timing of its acquisition by Air Canada after European regulators launched an in-depth investigation into the deal over concerns it may reduce competition and result in higher prices.
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Gucci, Saint Laurent seek radical redo of fashion calendars

Gucci, Saint Laurent seek radical redo of fashion calendars

SOAVE, Italy — Gucci and Saint Laurent are two of the highest profile luxury fashion houses to announce they will leave the fashion calendar behind, with its relentless four-times-a-year rhythm, shuttling cadres of fashionistas between global capital
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German court ruling clears the way to settle VW diesel cases

German court ruling clears the way to settle VW diesel cases

KARLSRUHE, Germany — A German court has ruled that Volkswagen must buy back cars from owners of its diesel cars equipped with software that evaded emissions testing — but consumers must accept the current value of the car based on the mileage they dr
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UK leader's aide says he won't quit over lockdown road trip

UK leader's aide says he won't quit over lockdown road trip

LONDON — British leader Boris Johnson’s powerful chief aide insisted Monday that he wouldn't resign for driving the length of England while the country was under strict lockdown — a trip he made without informing the prime minister first.
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Canada Revenue Agency extends some trust and corporate filing deadlines

Canada Revenue Agency extends some trust and corporate filing deadlines

OTTAWA — The Canada Revenue Agency is extending some of the filing deadlines for corporations and trusts in a move to help businesses and tax preparers dealing with the COVID-19 pandemic.
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Halifax to widen main streets to help pedestrians, businesses as economy opens

HALIFAX — Atlantic Canada's largest city is planning some changes to help people get around in anticipation of a yet-to-be released plan on reopening Nova Scotia's economy.
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Canada Post swings to Q1 loss despite 10 per cent growth in parcels revenues

Canada Post swings to Q1 loss despite 10 per cent growth in parcels revenues

OTTAWA — Canada Post swung to a $66-million loss before taxes in the first quarter despite a surge in parcel volumes near the start of the COVID-19 lockdown.
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Economic shock from COVID-19 to lead to higher indebtedness, Poloz says

OTTAWA — Canada's response to the COVID-19 pandemic will "clearly lead to higher indebtedness" once the economic shock has passed, Bank of Canada governor Stephen Poloz warned Monday.
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Vermilion Energy CEO leaves company, executive committee to take over role

Vermilion Energy CEO leaves company, executive committee to take over role

CALGARY — Shares in Vermilion Energy Inc. traded lower on Monday after the company announced the unexpected, immediate departure of its president and CEO Anthony Marino and its decision to go forward without a chief executive.
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As malls re-open across the country, worries grow that consumers won't come back

As malls re-open across the country, worries grow that consumers won't come back

Malls across the country are beginning to open their doors after weeks of government-mandated shutdowns, but both operators and retail tenants are stepping into uncharted territory amid the COVID-19 pandemic.
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