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A $1.2 billion loss for Delta, but recovery is on the radar

A $1.2 billion loss for Delta, but recovery is on the radar

Delta Air Lines lost $1.2 billion in the first quarter, more than expected, but executives said Thursday that the airline could be profitable by late summer if the budding recovery in air travel continues.
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S&P/TSX composite, Dow Jones and S&P 500 set record highs as mood rises on economy

S&P/TSX composite, Dow Jones and S&P 500 set record highs as mood rises on economy

TORONTO — Broad-based optimism lifted Canada's main stock index to a record close on Thursday as U.S. markets also pushed higher on news suggesting a strong recovery from the pandemic slump. The S&P/TSX composite index was up 150.
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AIMCo names former CMHC head Evan Siddall as next chief executive

AIMCo names former CMHC head Evan Siddall as next chief executive

Alberta Investment Management Corp. has named the former — and often outspoken — head of Canada Mortgage and Housing Corp. as its next chief executive.
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Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (19,321.92, up 150.26 points.) Royal Bank of Canada (TSX:RY). Financials. Up 68 cents, or 0.58 per cent, to $118.02 on 8.6 million shares.
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After union vote, Bezos vows to do better for Amazon workers

After union vote, Bezos vows to do better for Amazon workers

NEW YORK — After a union battle at an Alabama warehouse, Amazon founder Jeff Bezos acknowledged that Amazon has to do better for its workers and vowed to make Amazon a safer place to work.
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Canadian home sales up 76% year-over-year, set new March record: CREA

Canadian home sales up 76% year-over-year, set new March record: CREA

A trickle of supply started returning to the country's real estate sector in March, but it did little to cool off heated markets as monthly home sales hit an all-time record, the Canadian Real Estate Association said Thursday.
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Most Black female entrepreneurs face barriers to financing: report

Most Black female entrepreneurs face barriers to financing: report

The vast majority of Black women who are entrepreneurs in Canada say they face significant barriers to financing, including the cost of borrowing, a study has found.
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Bank of America profit doubles in 1Q to $8.1 billion

Bank of America profit doubles in 1Q to $8.1 billion

NEW YORK — Bank of America's profits doubled in the first quarter, the bank said Thursday, as the improving economy allowed it to release billions from its loan-loss reserves that it originally set aside in the early days of the pandemic.
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$1,400 stimulus checks helped March retail sales soar 9.8%

$1,400 stimulus checks helped March retail sales soar 9.8%

NEW YORK — Newly vaccinated and armed with $1,400 stimulus checks, Americans went on a spending spree last month, buying new clothes and going out to eat again. Retail sales surged a seasonally adjusted 9.
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Citigroup profit triples in 1Q, tops estimates; revenue down

Citigroup profit triples in 1Q, tops estimates; revenue down

NEW YORK — Citigroup's profits more than tripled in the first quarter, the banking conglomerate said Thursday, helped by the release of billions of dollars from its loan-loss reserves.
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