Skip to content
Join our Newsletter
Join our Newsletter

National Business

Home renovation savings prove elusive as wood prices at record highs

Home renovation savings prove elusive as wood prices at record highs

CALGARY — Canadian consumers have many ways to save money on home renovations despite a pandemic-driven surge in demand that has jolted lumber and construction panel prices to all-time highs.
Volkswagen profits jump as China leads pandemic rebound

Volkswagen profits jump as China leads pandemic rebound

FRANKFURT — Volkswagen Group's after-tax profit rebounded strongly to 3.4 billion euros ($4.
Microsoft pledges to let EU users keep data inside bloc

Microsoft pledges to let EU users keep data inside bloc

LONDON — Microsoft is pledging to let business and public sector customers in the European Union keep cloud computing data inside the 27-nation bloc to avert concerns about U.S. government access to sensitive information.
Productivity rebounds at solid 5.4% rate in first quarter

Productivity rebounds at solid 5.4% rate in first quarter

WASHINGTON — U.S. productivity posted a sharp rebound between January and March after falling in the previous quarter. Labor costs declined slightly. Productivity increased at an annual rate of 5.4% in the first quarter, recovering from a 3.
Bank of England expects best year for UK economy since 1941

Bank of England expects best year for UK economy since 1941

LONDON — The Bank of England has kept interest rates on hold as it forecast the fastest annual pace of growth for the British economy since early on in World War II, largely as a result of the rapid rollout of coronavirus vaccines.
In the shadow of COVID-19, a toll on entertainment workers

In the shadow of COVID-19, a toll on entertainment workers

NEW YORK — Like so many, the pandemic upended life for actor and dancer Rena Riffel. The Los Angeles-based performer needed help with rent, utilities and counselling when jobs suddenly dried up.
Magna reports Q1 profit more than doubles from year ago, sales up 18 per cent

Magna reports Q1 profit more than doubles from year ago, sales up 18 per cent

AURORA, Ont. — Magna International Inc. said a strong recovery in the global auto sector and massive growth in the Chinese market led to a first-quarter profit of US$615 million, up from US$261 million a year ago as its sales rose 18 per cent.
US unemployment claims fall to a pandemic low of 498,000

US unemployment claims fall to a pandemic low of 498,000

WASHINGTON — The number of Americans seeking unemployment aid fell last week to 498,000, the lowest point since the viral pandemic struck 14 months ago and a sign of the job market's growing strength as businesses reopen and consumers step up spendin
Netflix series signals racial breakthrough in Italian TV

Netflix series signals racial breakthrough in Italian TV

MILAN — The Netflix series “Zero,” which premiered globally last month, is the first Italian TV production to feature a predominantly Black cast, a bright spot in an otherwise bleak Italian television landscape where the persistent use of racist lang
Gildan reinstates dividend after beating expectations with strong Q1 results

Gildan reinstates dividend after beating expectations with strong Q1 results

MONTREAL — Gildan Activewear Inc. reinstated its dividend as it swung to a US$98.5-million profit in the first quarter with help from a U.S. pandemic support program for cotton users. The Montreal-based company, reporting in U.S.