National Business

Loblaw Companies Ltd.'s year-long pandemic winning streak marked by surging sales and profits appears poised to level off as the supermarket giant starts comparing results against the panic-buying gains recorded at the outset of the pandemic.

David Keay’s outdoor store anticipated campers would shop early for tents this season, so he stocked up heavily in February to prepare as best it could. But the inventory didn’t even last the month.

CALGARY — Sundial Growers Inc. says it will purchase cannabis company Inner Spirit Holdings Ltd. in a $131-million deal.

NEW YORK — Peloton is recalling about 125,000 of its treadmills, less than a month after denying they were dangerous and saying it would not pull them from the market, even though they were linked to the death of a child and injuries of 29 others.

TORONTO — Some Canadian companies are putting sensitivity ahead of sales in the run up to Mother's Day in acknowledgment of customers who may be dealing with bereavement, estrangement or fertility issues.

NEW YORK — Teams of experts are projecting COVID-19's toll on the U.S. will fall sharply by the end of July, according to research released by the government Wednesday.

TORONTO — April delivered a record number of home sales for the Greater Toronto Area, but the market is starting to slow from the intense pace seen earlier this year, the Toronto Regional Real Estate Board said Wednesday.

BRUSSELS — The European Union is planning to tighten rules on foreign investment in its 27 members and boost production autonomy for sensitive strategic goods, two measures bound to hit China — amid already precarious relations between the two massiv

WASHINGTON — Activity in the U.S. services sector, where most Americans work, slowed slightly in April after hitting an all-time high in March.

HALIFAX — Chorus Aviation Inc. has signed a three-year contract with Purolator Inc. for air cargo charter services. The agreement follows the completion of an initial six-month trial.