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Air Canada CEO's compensation cut by more than half to $5.8M due to COVID-19

Air Canada CEO's compensation cut by more than half to $5.8M due to COVID-19

MONTREAL — Air Canada CEO Calin Rovinescu was on track to receive around $12.9 million in total compensation last year, but the value fell by more than half as the airline's shares stalled due to the COVID-19 pandemic.
Ontario used auto dealers expect tough year ahead, prices already down

Ontario used auto dealers expect tough year ahead, prices already down

TORONTO — Used car dealers in Ontario are starting to recover from the near total shutdown in April, but a survey released Monday suggests they expect sales and prices to be under pressure for the year as economic uncertainty clouds the market.
Toronto stock market rally led by cannabis while U.S. stock markets closed

Toronto stock market rally led by cannabis while U.S. stock markets closed

TORONTO — Canada's main stock index posted a triple-digit advance to start the trading week on a broad-based rally led by a resurgence among cannabis stocks.
No mask, no service? Businesses have the right to require masks on customers

No mask, no service? Businesses have the right to require masks on customers

TORONTO — If you were hoping to get out of putting on a face mask to visit stores and other businesses demanding customers wear one, think again.

Five business groups urge Ontario to halt commercial evictions during pandemic

TORONTO — Five business groups called on the Ontario government on Monday to impose a commercial eviction moratorium during the COVID-19 pandemic, warning that many small and medium-sized businesses are at risk of closing.
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.
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
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
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.
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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