National Business

Retail sales are on pace to recover from the COVID-19 shutdowns after surging nearly 19 per cent in May with even larger gains expected in June, says Statistics Canada. The agency says retail sales increased to $41.

ST. JOHN'S, N.L. — Production at the Hibernia offshore production platform 315 kilometres east of St. John’s, N.L., has been halted after an apparent spill of drilling and production fluids.

Coca-Cola's revenue plunged 28% in the second quarter, but the company thinks the worst could be behind it. Coke Chairman and CEO James Quincey said sales improved sequentially in May, June and July despite surging cases in key markets like the U.S.

Federal safety regulators are moving closer to letting the grounded Boeing 737 Max fly again with changes that Boeing made to the plane after two deadly crashes.

CALGARY — Oil production is beginning to recover after it was curtailed by an average of 30 per cent in the second quarter due to low crude prices, PrairieSky Royalty Ltd. said Tuesday.

Prices of newly built homes climbed higher in June as Toronto-area home-buyers fled the city in favour of wine country.

TORONTO — Iamgold Corp. says it is going ahead with its US$1.3-billion Cote Gold mine in northern Ontario as world gold prices reached nine-year highs over US$1,830 per ounce.

TORONTO — The $60-million acquisition of the Torstar Corp. newspaper group by NordStar Capital LP was approved by shareholders Tuesday, despite a rival group's last-minute offer to increase its cash bid.

BRUSSELS — After four days and nights of wrangling, exhausted European Union leaders finally clinched a deal on an unprecedented 1.8 trillion-euro ($2.

A self-described “anti-feminist” lawyer found dead in the Catskills of an apparent self-inflicted gunshot wound is the prime suspect in the shooting of a federal judge's family in New Jersey, the FBI said Monday.