National Business

MONTREAL — Air Transat plans to cancel all flights from Western Canada to sun destinations and the United States this winter, with refunds en route to customers — a policy 180 in the COVID-19 era.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,299.29, up 4.63 points) SOPerior Fertilizer Corp. (TSX:SOP). Basic Materials. Unchanged at $0.03 on 13.54 million shares.

HALIFAX — Public-sector workers will have to dampen their wage expectations in the coming years as Nova Scotia grapples with a projected $853-million deficit resulting from the COVID-19 pandemic, Premier Stephen McNeil said Thursday.

TORONTO — North American stock markets made back some of their earlier losses Thursday to end the trading day relatively flat. The S&P/TSX composite index inched up 4.63 points to 16,299.29. It lost nearly 280 points earlier in the day.

WASHINGTON — The coronavirus pandemic sent the U.S. economy plunging by a record-shattering 32.

OTTAWA — Homes prices are higher than a year ago in five of six major markets, according to new data from Statistics Canada.

CALGARY — Oil production and refining volumes at Husky Energy Inc. are gradually returning to normal after deep cutbacks earlier this year but the company is braced for a "bumpy" recovery, CEO Rob Peabody said Thursday.

TORONTO — As sponsors cut ties with WE Charity and it faces scrutiny from MPs, donors and the Canadian public, experts say the organization must tackle the question of how to move forward financially.

Grubhub's average daily orders jumped 32% in the second quarter as the pandemic shut in diners, but the company swung to a loss as it spent heavily to prop up struggling restaurants and protect drivers.

WASHINGTON — The government says the U.S economy grew a bit more slowly last year than it had previously estimated and slightly faster in 2018.