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National Business
National Business
Husky, Cenovus shareholders vote in favour of combined company, clearing major hurdle
CALGARY — Shareholders of two rival energy companies voted in favour of joining forces on Tuesday, clearing the way for Cenovus Energy Inc.'s multi-billion dollar takeover of Husky Energy Inc.
Dec 15, 2020 4:39 PM
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Transat shareholders approve sale to Air Canada by wide margin, despite late offer
MONTREAL — Transat AT Inc.’s shareholders overwhelmingly approved a revised purchase offer from Air Canada despite the disclosure of a late and higher-priced competing bid.
Dec 15, 2020 3:37 PM
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Home sales surge 32.1% in November, cottage country leads in price gains
Canadian home sales rose 32.1 per cent in November compared with the same month last year, matching the record-breaking year-over-year increase seen in October, the Canadian Real Estate Association said on Tuesday.
Dec 15, 2020 2:38 PM
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EU, Britain to toughen rules, fines for tech giants
LONDON — Big tech companies face hefty fines in the European Union and Britain if they treat rivals unfairly or fail to protect users on their platforms, in proposed regulations unveiled Tuesday by officials in Brussels and London.
Dec 15, 2020 1:17 PM
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Videotron working with Samsung to gradually launch 5G network in Quebec
MONTREAL — Videotron says it is gradually launching its fifth-generation wireless network in Montreal before adding other regions of Quebec. The deployment over the next few years will be done in collaboration with Samsung.
Dec 15, 2020 12:58 PM
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Banks, insurers land court approval to host virtual AGMs in 2021
TORONTO — Canada's most prominent banks and insurance companies have won the right to host their next annual general meetings online as the COVID-19 pandemic continues.
Dec 15, 2020 11:54 AM
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Virus resurgence hits H&M sales, cuts promising recovery
STOCKHOLM — Swedish fashion retailer H&M says its sales fell 10% in the fourth quarter as the second wave of the COVID-19 pandemic stalled consumer spending, cutting short a promising recovery seen in the third quarter.
Dec 15, 2020 11:33 AM
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Statistics Canada reports manufacturing sales edged up 0.3 per cent in October
OTTAWA — Manufacturing sales grew 0.3 per cent to $54.1 billion in October, led by the paper, and petroleum and coal industries, Statistics Canada said Tuesday. The agency said the rise followed a revised increase of 2.
Dec 15, 2020 11:05 AM
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US industrial production up 0.4% in November with auto boost
WASHINGTON — U.S. industrial production increased 0.4% in November with manufacturing receiving a boost from a rebound in output at auto plants after three months of declines.
Dec 15, 2020 10:23 AM
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Building picked up in November as housing starts jumped 14.4%
Builders broke ground on more homes in November as construction on multi-family housing picked up in Vancouver and Montreal, Canada Mortgage and Housing Corp. said on Tuesday. The seasonally adjusted annual rate of housing starts rose 14.
Dec 15, 2020 10:16 AM
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