National Business

CALGARY — The merger of Canadian Pacific Railway Ltd. and Kansas City Southern promises improved service for Canadian shippers, but the impact on crude-by-rail volumes will be muted, observers said Monday.

DUBAI, United Arab Emirates — Saudi Arabia’s state-backed oil giant Aramco paid the Saudi government 30% less in taxes in 2020, the company said in a financial report Monday, as the region’s largest economy reels from the fallout of the coronavirus p

BRUSSELS — The European Union, Britain, Canada and the United States on Monday launched co-ordinated sanctions against officials in China over human rights abuses in the far western Xinjiang region, provoking swift retaliation from Beijing.

Alimentation Couche-Tard Inc. is looking to shed nearly four per cent of its North American network starting with a deal to sell 49 stores in Oklahoma to Casey's General Stores Inc. for US$39 million.

ST. JOHN'S, N.L. — A Newfoundland and Labrador business group is calling on public health officials to relax restrictions in the most populous part of the province. In a news release Monday, the St.

Sales of previously occupied U.S. homes slowed last month as rising prices and a dearth of homes for sale kept some would-be buyers on the sidelines. The National Association of Realtors said Monday that existing homes sales in February fell 6.

VERSAILLES, France — Ikea’s French subsidiary and several of its former executives went on trial Monday over accusations that they illegally spied on employees and customers.

The organization that oversees the St. Lawrence Seaway expects that with economic growth projected to rise this year, shipments along the maritime route could pick up in 2021 after staying flat last year. The St.

TORONTO — Brookfield Asset Management Inc. has hired former Air Canada chief executive Calin Rovinescu as a senior adviser within its global private equity group.

LONDON — A British newspaper doesn’t have to run a front-page statement about the Duchess of Sussex’s legal victory until it has had the chance to challenge the order, a judge ruled Monday.