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Investor optimism pushes stock markets, oil and loonie to near three-month highs

Investor optimism pushes stock markets, oil and loonie to near three-month highs

TORONTO — Investor optimism about economic reopenings pushed North American stock markets, crude oil prices and the loonie to nearly three-month highs. The S&P/TSX composite index closed up 158.15 points to 15,394.
Canadian auto sales drop 44 per cent in May, an improvement from April

Canadian auto sales drop 44 per cent in May, an improvement from April

TORONTO — DesRosiers Automotive Consultants says Canadian auto sales dropped by 44 per cent in May, an improvement from the estimated 74.6-per cent decline in April when the COVID-19 outbreak first affected a full month of sales.
Bell, Telus award 5G contracts to European firms, shutting out Huawei

Bell, Telus award 5G contracts to European firms, shutting out Huawei

MONTREAL — Huawei Technologies Inc.'s ambitions to be a player in Canada's 5G network are very much in doubt after two of the country's three largest telecom companies announced partnerships with the Chinese tech giant's European rivals.

COVID-19 outbreak at Norfolk County farm grows; 164 people test positive

TORONTO — The number of COVID-19 cases at a farm in southwestern Ontario has nearly doubled in a matter of days, local authorities said Tuesday, as the province's chief coroner's office said it would investigate the death of a migrant worker from the

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (15,394.36, up 158.15 points.) Baytex Energy Corp. (TSX:BTE). Energy. Up 15 cents, or 34.09 per cent, to 59 cents on 16.2 million shares.
With Italy at risk, Europe Central Bank could boost stimulus

With Italy at risk, Europe Central Bank could boost stimulus

FRANKFURT — The European Central Bank could soon expand its anti-pandemic stimulus program to more than a trillion euros, giving it more firepower to keep the virus crisis from sliding into a new financial crisis for the 19 countries that use the eur
Metro Vancouver homes sales fall 44 per cent in May, but prices are high as ever

Metro Vancouver homes sales fall 44 per cent in May, but prices are high as ever

VANCOUVER — Home sales in the Greater Vancouver area continued their steep year-over-year drop last month amid confinement measures and physical distancing requirements related to the COVID-19 pandemic.
Astronauts ring opening bell for Nasdaq from space station

Astronauts ring opening bell for Nasdaq from space station

CAPE CANAVERAL, Fla. — The astronauts launched into orbit by SpaceX joined in the ringing of the opening bell for the Nasdaq on Tuesday to mark “a pivotal moment" for the space economy.
Sail Outdoors Inc. files for bankruptcy protection amid COVID-19 pandemic

Sail Outdoors Inc. files for bankruptcy protection amid COVID-19 pandemic

LAVAL, Que. — Sail Outdoors Inc. has filed for bankruptcy protection so it can restructure amid the COVID-19 pandemic. The Laval, Que.
Air Canada raises $1.6 billion to mitigate losses during pandemic

Air Canada raises $1.6 billion to mitigate losses during pandemic

MONTREAL — Air Canada has raised $1.59 billion from share and debt offerings intended to offset some of the carrier's losses from the COVID-19 pandemic. The company said Tuesday it sold 35.4 million voting shares at $16.