National Business

TORONTO — North American stock markets lost ground Tuesday on heightened concerns about the pace of economic reopenings during the COVID-19 pandemic. Investor jitters were heightened by U.S. Senate testimony from Dr.

WASHINGTON — The economic paralysis caused by the coronavirus led in April to the steepest month-to-month fall in U.S. consumer prices since the 2008 financial crisis — a 0.8% drop that was driven by a plunge in gasoline prices.

NEW DELHI — Indian Prime Minister Narendra Modi announced Tuesday that the government will spend more than $260 billion, the equivalent of nearly 10% of the country's GDP, on a coronavirus economic relief package designed to make the world's second m

SMITHS FALLS, Ont. — Canopy Growth Corp. says two of its top executives have left the company. The Smiths Falls, Ont.

CALGARY — WestJet Airlines Ltd. is extending its suspension of thousands of flights by another four weeks until July 4 due to the COVID-19 pandemic. The Calgary-based carrier is halting all U.S.

Tesla CEO Elon Musk has emerged as a champion of defying stay-home orders intended to stop the coronavirus from spreading, picking up support — as well as critics — on social media.

TORONTO — The Canadian Olympic Committee and law firm Fasken have entered into a five-year agreement.

LUNENBURG, N.S. — High Liner Foods Inc. reported a profit of US$14.2 million in its latest quarter as it saw a surge in demand from retail customers, but a drop in its food-service business as the COVID-19 pandemic took hold.

MONTREAL — Resolute Forest Products Inc. reported a loss of US$1 million in its latest quarter compared with a profit of US$42 million in the same quarter last year as its revenue fell.

CALGARY — TransAlta Corp. earned a profit of $27 million in its latest quarter compared with a loss a year ago, helped by strong earnings from its U.S. coal operations and its wind and solar business.