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National Business
National Business
Toronto home sales surged 42 per cent to set new September record
Toronto's housing market saw its best September on record as pent-up demand and rock bottom borrowing costs supercharged sales despite the ongoing COVID-19 pandemic.
Oct 6, 2020 2:48 PM
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Bonterra board of directors says Obsidian takeover bid more of a 'take-under' bid
CALGARY — Bonterra Energy Corp. says a hostile buyout offer by Calgary-based rival Obsidian Energy Ltd. is more of a "take-under" than takeover bid because it's out of step with its market value.
Oct 6, 2020 2:23 PM
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Lumber, panel prices expected to remain elevated despite recent declines
CALGARY — Forest product market analysts expect prices for lumber and building panels in North America will remain strong for several years despite recent price declines after an unprecedented surge to record high levels over the summer.
Oct 6, 2020 1:22 PM
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Highlights of the British Columbia NDP's election platform
VANCOUVER — Highlights of the British Columbia NDP's platform in the Oct.
Oct 6, 2020 1:10 PM
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Surging appliance sales cause shortages ahead of business holiday shopping season
Appliance stores are grappling with a double whammy of surging demand and supply chain problems, resulting in mounting backorders ahead of the busiest shopping season of the year.
Oct 6, 2020 1:05 PM
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Boeing says pandemic will cut demand for planes for a decade
Boeing is lowering its expectations around demand for new planes over the next decade as the coronavirus pandemic continues to undercut air travel.
Oct 6, 2020 11:33 AM
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IMF head says global economy facing long climb to recovery
WASHINGTON — The head of the International Monetary Fund says that the global economy has started on a long climb to stronger growth with prospects looking a little better than four months ago.
Oct 6, 2020 11:32 AM
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US trade deficit up to $67.1 billion in August, 14-year high
WASHINGTON — The U.S. trade deficit rose in August to the highest level in 14 years. The Commerce Department reported Tuesday that the gap between the goods and services the United States sells and what it buys abroad climbed 5.9% in August to $67.
Oct 6, 2020 11:31 AM
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UK's hospitality sector sounds alarm on jobs amid curfew
LONDON — The U.K.'s pubs and restaurants could see well over 500,000 job losses by the end of 2020 as a result of new coronavirus restrictions, including the requirement they shut their doors at 10 p.m.
Oct 6, 2020 11:31 AM
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US job postings edge lower, to 6.49 million
WASHINGTON — U.S. employers advertised slightly fewer jobs in August as hiring ticked up modestly. The number of U.S. job postings on the last business day of August dipped to 6.49 million, down from 6.
Oct 6, 2020 11:06 AM
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