National Business

Airbnb says it is laying off 25% of its workforce as it confronts a steep decline in global travel due to the new coronavirus pandemic.

TORONTO — Canada Mortgage and Housing Corp. officials said Tuesday they expect real estate prices won't return to pre-recession levels until late 2022 at the earliest.

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (14,811.56, up 66.52 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Up 3.5 cents, or 7.07 per cent, to 53 cents on 17.

TORONTO — Technology and utilities led Canada's main stock index higher Tuesday while the price of crude rose for a fifth-straight day. Shopify Inc.

CALGARY — Analysts say an Enbridge Inc. plan to use an idled leg of its Mainline pipeline system to store surplus Western Canadian oil will help offset lower volumes on the system as U.S. refineries buy less oil to match lower demand.

VANCOUVER — After a roughly seven-week hiatus from serving coffee, Vancouver's Pallet Coffee Roasters over the next week will reopen five of its cafes in an uncertain environment.

MONTREAL — SNC-Lavalin Goup Inc. says Kevin Lynch plans to step down as chair of the board of directors once a successor has been chosen by the board.

REGINA — Kara Firman should be able open her Saskatoon hair salon in two weeks, but right now she says she won't.

The parent company of baked-goods manufacturer Weston Foods saw sales from food service clients, such as restaurants, slashed in half amid dining room closures as governments work to contain the COVID-19 pandemic.

WASHINGTON — The U.S. trade deficit rose in March as the coronavirus outbreak battered America's trade with the world. The Commerce Department reported Tuesday that the gap between what the United States sells and what it buys abroad widened 11.