TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (21,072.20, up 32.54 points.) The Toronto-Dominion Bank (TSX:TD). Financials. Up 61 cents, or 0.6 per cent, to $100.56 on 10.9 million shares. Cenovus Energy Inc. (TSX:CVE). Energy. Up 66 cents, or four per cent, to $17.24 on 8.8 million shares. Manulife Financial Corp. (TSX:MFC). Financials. Up 38 cents, or 1.5 per cent, to $25.28 on 7.5 million shares. Suncor Energy Inc. (TSX:SU).
MONTREAL — Canadian airlines are slashing their flight schedules as the COVID-19 pandemic continues to wreak havoc on air industry plans and profits. Transat A.T. is nixing nearly 30 per cent of its flights for the next two months. The tour operator said the ongoing impact of the Omicron variant and the federal government's "restrictive measures" last month have triggered a wave of trip cancellations by passengers. On Dec. 15, the Public Health Agency of Canada advised against non-essential trav
The relationship between Canada's airline watchdog and the travel industry is under scrutiny after the release of emails from the early days of the COVID-19 pandemic in which industry executives pressed regulators to back their position against issuing passenger refunds, days before the Canadian Transportation Agency did just that. Disclosed under a Federal Court of Appeal order, a March 22 letter from then-Transat CEO Jean-Marc Eustache asked the CTA to issue a statement pre-empting complaints