National Business

TORONTO — On Jan. 1, investors celebrating Bay Street's best returns since the global financial crisis couldn't have known what kind of year they were about to face.

MONTREAL — Air Canada says it has temporarily suspended flights between Canada and the U.K. in keeping with a government directive issued Sunday.

VICTORIA — British Columbia government has loosened eligibility requirements for small and medium-sized businesses applying for grants to survive the COVID-19 pandemic.

CALGARY — Cenovus Energy Inc. says it has all key regulatory approvals in place to go ahead with its friendly takeover of oilsands rival Husky Energy Inc. The all-shares deal was approved by shareholders of both companies last week.

CALGARY — Obsidian Energy Ltd. extended its hostile takeover bid for rival Bonterra Energy Corp. on Monday and lowered its minimum tender condition.

OTTAWA — Federal Transport Minister Marc Garneau is directing the Canadian Transportation Agency to strengthen rules that require airlines to refund passengers for cancelled flights.

VANCOUVER — A company that supports hundreds of credit unions across Canada predicts British Columbia's housing market will remain healthy through 2021 as the province moves out of its COVID-19 slump.

SMITHS FALLS, Ont. — Canopy Growth Corp. has signed a deal valued at $297 million that will see it give up its ownership in Canopy Rivers Inc., which it established as a venture capital firm to invest in the cannabis sector.

New York-based hedge fund Apollo Global Management has won over key investors in its bid to take Great Canadian Gaming Corp. private, after raising its offer to $45 per share. The new price represents a 15.

The superhero sequel “Wonder Woman 1984” has earned an estimated $38.5 million in ticket sales from international theatres , Warner Bros. said Sunday.