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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.
Pandemic cuts into Bausch Health sales as company posts US$152-million loss

Pandemic cuts into Bausch Health sales as company posts US$152-million loss

MONTREAL — Shares of Bausch Health Companies Inc. fell more than eight per cent as the company lowered its 2020 forecast after a loss in in the first quarter due to the COVID-19 pandemic.
Shopping Shift: How indoor malls will look different under new COVID-19 measures

Shopping Shift: How indoor malls will look different under new COVID-19 measures

TORONTO — Consumers should get ready for a new world of retail as indoor shopping mall operators across the country prepare to reopen their doors with an abundance of COVID-19 precautions in the coming weeks.