National Business

MONTREAL — Air Canada plans to rehire 16,500 laid-off workers via Ottawa's emergency wage subsidy, though the vast majority will remain at home amid the collapse of global travel triggered by the COVID-19 pandemic.

MONTREAL — Cogeco Inc.'s Quebec-based radio business has temporarily laid off about one-quarter of its employees due to a significant decline in advertising from retailers affected by COVID-19 shutdowns.

TORONTO — North American markets rose Wednesday on the potential for more stimulus spending and optimism around the trajectory of the COVID-19 outbreak.

Calgary energy investor Mac Van Wielingen says there's an opportunity for the oil and gas sector to regain public respect and support when Canada tries to restore its economy after the COVID-19 pandemic ends.

VANCOUVER — For the past 18 months, Nguyet Dang has been working to bring her dream of opening a Vietnamese restaurant to life. Then the COVID-19 pandemic hit.

LONDON — European planemaker Airbus said Wednesday it is reducing production by about a third as demand for aircraft and travel plummets due to the coronavirus pandemic.

BRUSSELS — European governments remained at loggerheads Wednesday over measures to help the economy weather the coronavirus outbreak, breaking off a meeting of finance officials who clashed over aid conditions and proposals to borrow together to pay

LONDON — British Prime Minister Boris Johnson remains in intensive care with the coronavirus but is improving and sitting up in bed, a senior government minister said Wednesday, as the U.K. recorded its biggest spike in COVID-19 deaths to date.

Some Canadian dairy farmers started dumping milk last week to rid the system of surplus production as demand from restaurants plummeted amid the COVID-19 pandemic that forced eateries across the country to close their doors.

TORONTO — The head of the Royal Bank of Canada is warning the economic recovery from the COVID-19 pandemic will likely be slower and more uneven than originally thought.