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National Business
Interfor buys South Carolina sawmill for US$59M as lumber prices set new records
VANCOUVER — Lumber producer Interfor Corp. is buying a sawmill in South Carolina from WestRock Co. for US$59 million in cash.
Feb 10, 2021 1:27 PM
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LVMH to put Fenty fashion collection on pause
NEW YORK — LVMH Moët Hennessy Louis Vuitton, the world’s largest luxury group, has put Rihanna's Fenty fashion collection on hold.
Feb 10, 2021 1:14 PM
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In switch, South Africa to give health workers J&J vaccine
JOHANNESBURG — South Africa will start vaccinating front-line health workers next week with a shot that is still in testing — an unorthodox strategy announced Wednesday after officials abandoned plans to use another vaccine that a small study suggest
Feb 10, 2021 1:12 PM
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Cameco Q4 net profit plunges 39 per cent as COVID forced uranium mine suspension
SASKATOON — Cameco Corp. beat expectations even as the uranium miner reported that is net income attributable to common shareholders decreased 39 per cent to $80 million in the fourth quarter due to the impact of COVID-19.
Feb 10, 2021 12:37 PM
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'Digital loonie' should come from Bank of Canada, not private sector, deputy says
OTTAWA — A Bank of Canada official delivered a detailed defence of why the central bank should issue a "digital loonie" instead of ceding control to private cryptocurrencies that could become economic gatekeepers.
Feb 10, 2021 12:19 PM
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World's biggest shipper reports rebound in business
COPENHAGEN — The world’s biggest shipping company, Denmark’s A.P. Moller-Maersk, on Wednesday reported a sharp rise in earnings for the fourth quarter, when global demand for goods rebounded from an earlier slump caused by the coronavirus pandemic.
Feb 10, 2021 11:37 AM
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US consumer prices up 0.3% in January, led by energy spike
WASHINGTON — U.S. consumer prices rose 0.3% in January, led by a surge in energy. But even though the gain was the biggest monthly increase since July, inflation gains over the past year have remained modest.
Feb 10, 2021 11:37 AM
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Precision Drilling reports $37.5M loss in Q4, revenue down 46 per cent
CALGARY — Precision Drilling Corp. reported a fourth-quarter loss of $37.5 million as its revenue fell 46 per cent compared with a year earlier. The contract drilling company says the loss amounted to $2.74 per share for the quarter ended Dec.
Feb 10, 2021 11:01 AM
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Union approves deal with Chicago schools to return to class
CHICAGO — The Chicago Teachers Union has approved a deal with the nation’s third-largest school district to get students back to class during the coronavirus pandemic, union officials announced early Wednesday.
Feb 10, 2021 10:55 AM
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WildBrain reports $11.3M profit in Q2 compared with a loss a year ago
HALIFAX — WildBrain Ltd. says it earned a second-quarter profit of $11.3 million compared with a loss in the same quarter a year earlier as its revenue improved.
Feb 10, 2021 10:06 AM
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