Skip to content

National Business

US industrial production surges 5.4% in June

US industrial production surges 5.4% in June

WASHINGTON — Production at America's factories, utilities and mines surged last month, but remained well below pre-pandemic levels. The Federal Reserve said Wednesday that U.S. industrial production rose 5.
Statistics Canada says manufacturing sales rose 10.7 per cent in May

Statistics Canada says manufacturing sales rose 10.7 per cent in May

OTTAWA — Statistics Canada says manufacturing sales rose in May after posting a record plunge in April, but remained well below their pre-pandemic level. The agency says manufacturing sales rose 10.7 per cent to $40.

Private mobile lab offering blood testing services for COVID-19 antibodies

CALGARY — A Calgary-based private mobile lab company is offering blood testing to detect antibodies associated with COVID-19.
S&P/TSX composite gets lift from gains by its three largest sectors

S&P/TSX composite gets lift from gains by its three largest sectors

TORONTO — Canada's main stock index got its biggest lift in more than a month as its three largest sectors advanced, while U.S. markets also increased despite mixed banking quarterly results.
Toronto realtors urge governments to expand housing supply in relief plan

Toronto realtors urge governments to expand housing supply in relief plan

As home prices rise, a group of Toronto realtors say governments should focus economic recovery plans on housing supply — and be careful of stoking too much demand.
Elanco Animal Health to tweak US$7.6-billion deal with Bayer to get Canadian OK

Elanco Animal Health to tweak US$7.6-billion deal with Bayer to get Canadian OK

GATINEAU, Que. — Elanco Animal Health has agreed to make changes to a US$7.6-billion deal to buy several health care products for animals from Bayer AG in order to get approval from a Canadian regulator.
Human clinical trials begin for Quebec-made COVID-19 vaccine candidate

Human clinical trials begin for Quebec-made COVID-19 vaccine candidate

Canadian trials have just begun for a prospective COVID-19 vaccine but its Quebec-based manufacturer is already tempering expectations.
“Growth has stalled": Surge in US infections hits Delta

“Growth has stalled": Surge in US infections hits Delta

Delta Air Lines lost $5.7 billion during a brutal three-month stretch in which the coronavirus pandemic brought travel to a near standstill, and any hoped-for recovery has been smothered by a resurgence of infected Americans.

New Gold Q2 production drops on pandemic impact, lower ore grades

TORONTO — New Gold Inc. is reporting lower production from its Rainy River and New Afton gold mines in Canada during the second quarter, in part due to COVID-19 disruptions.

One in five businesses face tough choices if COVID-19 lasts more than six months

OTTAWA — A survey by Statistics Canada suggests that almost one in five businesses will look to further staffing cuts, bankruptcy or closing their doors if present COVID-19 conditions last for six months or more.