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National Business

US consumer credit up 4.4% in November, best in 5 months

US consumer credit up 4.4% in November, best in 5 months

WASHINGTON — U.S. consumer borrowing rose 4.4% in November, its strongest showing in five months, led by strong gains in auto and student loans that offset a drop in credit card borrowing.
Deutsche Bank to pay $130 million to avoid bribery charge

Deutsche Bank to pay $130 million to avoid bribery charge

NEW YORK — Deutsche Bank agreed Friday to pay fines and penalties of about $130 million to avoid a criminal prosecution on charges it participated in a foreign bribery scheme to win business in Saudi Arabia.
Canadian economy lost 63,000 jobs in Dec., first decline since April

Canadian economy lost 63,000 jobs in Dec., first decline since April

OTTAWA — Canada posted its first monthly decline in jobs since April amid tightened public health restrictions in December, and economists warn the losses are likely to continue as the number of new COVID-19 cases continue to rise.

UK investigates Google's plan to revamp Chrome browser

LONDON — Britain's competition watchdog said Friday it launched an investigation into Google's plan to overhaul its ad data system over worries it could leave even less room for rivals in the online ad industry.
New campaign, and logo, for GM in a bid to electrify image

New campaign, and logo, for GM in a bid to electrify image

DETROIT — General Motors is changing its corporate logo and launching an electric vehicle marketing campaign to reshape its image as clean vehicle company, rather than a builder of gas-powered pickups and SUVs.
Laurentian Bank names Yvan Deschamps new chief financial officer

Laurentian Bank names Yvan Deschamps new chief financial officer

MONTREAL — Laurentian Bank says chief financial officer Francois Laurin is retiring and will be replaced by Yvan Deschamps in April.
Domtar exits diaper business after nearly a decade with sale for US$920 million

Domtar exits diaper business after nearly a decade with sale for US$920 million

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.
WestJet puts 1,000 workers on leave, citing government's 'Incoherent' policy

WestJet puts 1,000 workers on leave, citing government's 'Incoherent' policy

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.

Here's a quick glance at unemployment rates for December, by Canadian city

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.

Here's a quick glance at unemployment rates for December, by province

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.