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CN Rail withdraws profit forecast after rail blockades, COVID-19 downturn

CN Rail withdraws profit forecast after rail blockades, COVID-19 downturn

MONTREAL — Canadian National Railway Co. is withdrawing its profit forecast as uncertainty fostered by the COVID-19 pandemic tears up the transportation industry playbook.

Most actively traded companies on the TSX

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (14,642.11, up 221.75 points.) Royal Bank of Canada (TSX:RY). Financials. Up $1.75, or 2.1 per cent, to $84.95 on 10.2 million share.
Foodora to shut down in Canada on May 11 amid profitability challenges

Foodora to shut down in Canada on May 11 amid profitability challenges

TORONTO — Food delivery app Foodora is closing its Canadian operations in May, just months after a key labour board decision laid the groundwork for the company's workers to push for unionization.
S&P/TSX composite up despite plunge in oil prices for second Monday in a row

S&P/TSX composite up despite plunge in oil prices for second Monday in a row

TORONTO — Canada's main stock index started the trading week higher even though the price of oil futures plunged for a second consecutive Monday.
Ontario unveils broad outline for reopening economy in three stages

Ontario unveils broad outline for reopening economy in three stages

TORONTO — Ontario Premier Doug Ford released a broad outline Monday of how — but not when — the province's economy will reopen, while predicting there will never be a complete return to the old way of life.
Porter planes to remain grounded through June due to COVID-19 pandemic

Porter planes to remain grounded through June due to COVID-19 pandemic

Porter Airlines is extending its suspension of all flights by another four weeks until June 29 due to the COVID-19 pandemic. The Toronto-based carrier stopped flying on March 21 as travel controls and rising public health concerns choked off demand.
Virus is expected to reduce meat selection and raise prices

Virus is expected to reduce meat selection and raise prices

DES MOINES, Iowa — Meat isn't going to disappear from supermarkets because of outbreaks of the coronavirus among workers at U.S. slaughterhouses.
Over 4 million UK jobs furloughed under government scheme

Over 4 million UK jobs furloughed under government scheme

LONDON — More than 4 million jobs have been saved in the U.K. as a result of a government scheme aimed at making sure firms hold onto staff during the coronavirus lockdown, Treasury chief Rishi Sunak said Monday.
Restaurants relying on Uber Eats angry about weekend outage amid COVID-19

Restaurants relying on Uber Eats angry about weekend outage amid COVID-19

TORONTO — Restaurants using Uber Eats in Ontario over the weekend say they experienced outages that left them unable to deliver meals to customers.
Deutsche Bank net profit falls due to pandemic

Deutsche Bank net profit falls due to pandemic

FRANKFURT — Deutsche Bank has reported that its net income fell to 66 million euros ($72 million) in the first quarter as the pandemic hurt its business.
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