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National Business
National Business
Bombardier to cut 1,600 jobs in move to reduce costs and consolidate work
MONTREAL — Bombardier Inc. said Thursday it will reduce its overall workforce by about 1,600 jobs as it anticipates a yearslong recovery in the aviation industry.
Feb 11, 2021 1:22 PM
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In bid to win market share, Tim Hortons modernizing drive-thrus, upgrading menu items
Tim Hortons is modernizing its drive-thru experience and improving its core menu items in a bid to win over customers as the economy starts to reopen, executives with the restaurant’s parent company say.
Feb 11, 2021 1:17 PM
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Inter Pipeline shares jump as higher bids expected in Brookfield takeover bid
CALGARY — A proposed hostile takeover of Inter Pipeline Ltd.
Feb 11, 2021 1:09 PM
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Autoworkers face uncertain future in an era of electric cars
TOLEDO, Ohio — When General Motors boldly announced its goal last month to make only battery-powered vehicles by 2035, it didn't just mark a break with more than a century of making internal combustion engines.
Feb 11, 2021 1:00 PM
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Kraft Heinz sells Planters brand to Hormel Foods
Hormel Foods is going nuts. The Austin, Minnesota-based company, known for its meat brands like Spam and Applegate, said Thursday it is buying the Planters nut business from Kraft Heinz Co. for $3.35 billion.
Feb 11, 2021 12:52 PM
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US jobless claims fall slightly to 793,000 with layoffs high
WASHINGTON — The number of Americans seeking unemployment benefits fell slightly last week to 793,000, evidence that job cuts remain high despite a substantial decline in new confirmed viral infections.
Feb 11, 2021 12:45 PM
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Ottawa providing $1 million for undersea ocean tech platform in Halifax area
HALIFAX — Ottawa is providing $1 million for an undersea testing platform at a Halifax-area ocean research facility.
Feb 11, 2021 12:28 PM
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RioCan REIT sees resilience from tenants, even as Q4 net income falls by 50%
TORONTO — One of Canada's biggest commercial real estate owners and operators says the sector is struggling with ongoing COVID-19 lockdowns, but most of its tenants have managed to stay open and pay their rent.
Feb 11, 2021 12:16 PM
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EU hopeful for firm economic growth despite virus challenges
BRUSSELS — Despite deep uncertainty over a surge in coronavirus cases and the impact of new variants of the disease, senior European Commission officials on Thursday expressed cautious optimism that European economies will rebound later this year and
Feb 11, 2021 11:39 AM
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Greener pastures: Shell plans steady drop in oil business
LONDON — Royal Dutch Shell, one of the multinationals that has defined the oil industry, is slowly turning away from the fossil fuel that made its fortune over the decades but also worsened a global climate crisis.
Feb 11, 2021 11:37 AM
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