National Business

MONTREAL — Laurentian Bank says chief financial officer Francois Laurin is retiring and will be replaced by Yvan Deschamps in April.

Domtar Corp. is selling its diaper and adult incontinence business for US$920 million, nearly a decade after adding the new line of products to offset declining paper sales.

The CEO of WestJet Airlines Ltd. is laying the blame squarely on "incoherent" policy from Ottawa as his carrier cuts staff and flights in response to new COVID-19 testing requirements for passengers returning to Canada.

OTTAWA — The national unemployment rate was 8.6 per cent in December. Statistics Canada also released seasonally adjusted, three-month moving average unemployment rates for major cities.

OTTAWA — Canada's national unemployment rate was 8.6 per cent in December. Here are the jobless rates last month by province (numbers from the previous month in brackets): - Newfoundland and Labrador 12.3 per cent (12.2) - Prince Edward Island 10.

OTTAWA — A quick look at Canada's December employment (numbers from the previous month in brackets): Unemployment rate: 8.6 per cent (8.5) Employment rate: 59.3 per cent (59.5) Participation rate: 64.9 per cent (65.

BEIJING — The former chairman of the main Chinese state bank behind Beijing's initiative to build railways and ports across dozens of Asian countries has been sentenced to life in prison on corruption charges, a court announced.

TAIPEI, Taiwan — In a potential blow to the #MeToo movement in China, a court ruled that two former journalists defamed a third journalist by publishing an account accusing him of sexual misconduct.

Boeing will pay $2.5 billion to settle a Justice Department investigation and admit that employees misled regulators about the safety of its 737 Max aircraft, which suffered two deadly crashes shortly after entering airline service.

NEW YORK — A planned book by Sen. Josh Hawley, who objected to President-elect Joe Biden’s win and backed baseless claims that the election was stolen, has been cancelled by its publisher in the wake of the insurrection at the U.S.