National Business

PHOENIX — When the coronavirus flared in China's capital this week, Beijing cancelled flights, suspended reopenings and described the situation as “extremely grave.” But with cases rising in some U.S.

LONDON, Ont. — Live theatre at southern Ontario's Grand Theatre will not return until fall 2021. The London, Ont.

OTTAWA — Hexo Corp. says it has sold its facility in Niagara Falls, Ont., for $10.25 million to an undisclosed buyer. The cannabis company announced in March plans to list the facility after reviewing its cultivation assets.

The concentration of wealth among Canada's richest one per cent is deeper than previously believed, according to a federal government report based on a new modelling approach. The top one per cent of Canada's families hold about 25.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (15,428.69, down 87.14 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Up 1.5 cents, or 3.03 per cent, to 51 cents on 18.

MONTREAL — Health Canada has certified new medical ventilators that were ordered by the federal government to ensure adequate supplies for treating severe cases of the COVID-19 respiratory disease.

CHARLOTTETOWN — The COVID-19 pandemic has blown a hole through the public finances of Prince Edward Island, with the province announcing Wednesday a budget deficit for fiscal 2020-21 of $173 million.

TORONTO — Canada's main stock index moved lower midweek as falling crude oil prices hurt the energy sector. The S&P/TSX composite index closed down 87.14 points at 15,428.69. The energy sector was the big loser, plunging 4.

CALGARY — Enbridge Inc. says 800 employees have voluntarily left the company, allowing it to avoid layoffs as it cuts costs to counter impacts from COVID-19 and lower global oil prices.

TORONTO — The Toronto agency that operates three prestigious arts venues says additional layoffs mean 115 full-time positions have now been affected by the pandemic.