National Business

MONTREAL — Air Canada is hoping to raise more than $1 billion in share and debt offerings to bolster its cash position amid the financial devastation of the COVID-19 pandemic.

KINGSEY FALLS, Que. — Cascades Inc. says it will close its Brown containerboard plant in Burlington, Ont., by the end of July, a decision that will affect the 45 employees. The Kingsey Falls, Que.

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (15,148.12, up 72.70 points.) HEXO Corp. (TSX:HEXO). Health care. Down 12 cents, or 11 per cent, to 97 cents on 16.8 million shares.

NANAIMO, B.C. — Tilray Inc. says it will close a licensed cannabis greenhouse in Ontario, which will save the company millions of dollars a year. The Nanaimo, B.C.

TORONTO — Canada's main stock index got a lift from the heavyweight financials sector, while U.S. markets surged to their highest levels in more than two months on improving sentiment from economic reopenings.

FREDERICTON — The COVID-19 pandemic, the economy, and vaccines were among the topics as the New Brunswick legislature got back into session Tuesday.

CALGARY — Western Canadian producers are moving to restore some oil production as crude prices rise with demand thanks to the gradual opening of the world economy and OPEC and Russian output cuts.

OTTAWA — The Canadian Ferry Association says BC Ferries is bleeding cash, with losses of up to $1.5 million per day as the COVID-19 pandemic continues to take a toll on ridership.

The Quebec government is coming to the rescue of Cirque du Soleil, announcing a loan of up to US$200 million as part of an agreement that could eventually see the province take over the live entertainment giant now walking a financial tightrope.

TORONTO — A stock market crash in March due to the COVID-19 pandemic took a bite out of Canada Pension Plan Investment Board's returns for 2020 but other types of assets performed well during the same downturn, CPPIB chief executive Mark Machin said