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Pandemic prompts Vancouver Airport Authority to lay off workers

VANCOUVER — The Vancouver Airport Authority says it has issued layoff notices to 25 per cent of its nearly 550-person workforce, including both management and union employees.
Quebecor's interest in Cirque du Soleil seems logical, analyst says

Quebecor's interest in Cirque du Soleil seems logical, analyst says

MONTREAL — Quebecor's interest in Cirque du Soleil seems logical to at least one financial analyst if the media company opts to trim the size of Cirque's entertainment business in order to revive its financial health.

Investment watchdog imposes $1.8M in fines in 2019, nearly double 2018 levels

TORONTO — A total of $1.8 million in sanctions was levied against Canadian investment firms by a national industry watchdog last year, about double what it imposed in 2018.
Real estate trusts report May commercial rent payments in line with April

Real estate trusts report May commercial rent payments in line with April

TORONTO — The amount of commercial rent payments for May look to be similar to April, several real estate investment trusts said while reporting quarterly earnings, in spite of concerns the picture would worsen amid extended business closures.
Ensign Energy Services suspends quarterly dividend, reports $29.3M Q1 loss

Ensign Energy Services suspends quarterly dividend, reports $29.3M Q1 loss

CALGARY — One of Canada's biggest drilling companies will cut its dividend and further reduce spending as a deep downturn in North American oil and gas exploration continues to weigh on the oilfield services sector.
COVID-19 measures give temporary reprieve from growing insolvency, association says

COVID-19 measures give temporary reprieve from growing insolvency, association says

OTTAWA — Consumer insolvencies are expected to spike in the wake of the COVID-19 pandemic despite a reprieve in the number of filings in March.
SSR Mining Inc. and Alacer Gold Corp. to merge in all-stock transaction

SSR Mining Inc. and Alacer Gold Corp. to merge in all-stock transaction

VANCOUER, B.C. — SSR Mining Inc. and Alacer Gold Corp. have signed a deal to merge operations. Under the all-stock deal, Alacer shareholders will receive 0.3246 SSR Mining shares for each Alacer share held. The exchange ratio implies a value of $8.

WestJet extends flight cancellations into July as COVID-19 keeps passenger loads low

CALGARY — WestJet says it is extending many flight cancellations into early July as it continues to deal with record-low passenger numbers due to COVID-19.

Army & Navy closes stores after 101 years in business, cites COVID-19

VANCOUVER — Family-owned Army & Navy says it has become a victim of the COVID-19 pandemic and will permanently close its department stores after 101 years in business in Western Canada.
Five things to watch for in the Canadian business world in the coming week

Five things to watch for in the Canadian business world in the coming week

TORONTO — Five things to watch for in the Canadian business world in the coming week: What we're buying Statistics Canada will release a report on Canadian grocery sales up to April 11 on Monday.