National Business

U.S. stocks shook off an early slide and closed broadly higher Thursday as the market steadied after its worst drop in more than four months. The S&P 500 rose 1.2%, bouncing back from a drop of 0.3% in the early going.

Small business confidence appears to be an inverse function of the COVID-19 case count, with a new report finding the outlook of entrepreneurs fell in October just as the pandemic's second wave tracked upward.

HALIFAX — Nova Scotia hotel, motel and inn operators hit hard by the COVID-19 pandemic are being offered a property tax rebate. The rebate program will cost about $4.

Gildan Activewear Inc. says it is feeling some of the same pain as the airline industry as COVID-19 has upended the tourism business and demand for holiday printed T-shirts.

Health Canada has suspended the licence of a Mississauga manufacturer of hand sanitizer and issued an expanded recall for some of its products found to contain unauthorized ingredients that could be unsafe for consumers.

CALGARY — The Alberta government's decision to end its oil production curtailment program in December after almost two years is "a very positive signal" for oilsands and refining giant Suncor Energy Inc., CEO Mark Little said Thursday.

CALGARY — The one-time costs of merging with Husky Energy Inc. are expected to total about $500 million, including severance, says the CEO of Cenovus Energy Inc., adding the expense is worth it given the expected savings of about $1.

BOSTON — The U.S. State Department has agreed to turn over to Japan two American men accused of smuggling former Nissan Motor Co.

MONTREAL — Molson Coors Beverage Co. recorded a lacklustre third-quarter as ongoing COVID-19 restrictions and packaging material constraints curbed the brewing giant's sales. The Montreal-based company, which reports in U.S.

CALGARY — The Petroleum Services Association of Canada says it expects another "bleak" year for Canadian oil and gas drilling in 2021.