Skip to content

National Business

Fed survey says economy has picked up but outlook cloudy

WASHINGTON — The Federal Reserve says economic activity has picked up in most regions of the country but still remains well below pre-pandemic levels with the country facing high levels of uncertainty.

Goldman 2Q profit tops forecast on strong trading revenue

NEW YORK — Investment bank Goldman Sachs posted a massive 41% rise in revenues in the second quarter, the bank said Wednesday, helped by a blowout performance by the bank’s trading desks. The New York-based bank had second quarter revenues of $13.
Apple wins big EU court case over $15 billion in taxes

Apple wins big EU court case over $15 billion in taxes

BRUSSELS — A European Union court on Wednesday delivered a hammer blow to the bloc’s attempts to rein in multinationals' ability to strike special tax deals with individual EU countries when it ruled that Apple does not have to pay 13 billion euros (
CBS, NAACP reach multi-year agreement to develop content

CBS, NAACP reach multi-year agreement to develop content

LOS ANGELES — CBS Television and the NAACP have reached an agreement to develop content that tells stories of the African American experience.
US industrial production surges 5.4% in June

US industrial production surges 5.4% in June

WASHINGTON — Production at America's factories, utilities and mines surged last month, but remained well below pre-pandemic levels. The Federal Reserve said Wednesday that U.S. industrial production rose 5.
Statistics Canada says manufacturing sales rose 10.7 per cent in May

Statistics Canada says manufacturing sales rose 10.7 per cent in May

OTTAWA — Statistics Canada says manufacturing sales rose in May after posting a record plunge in April, but remained well below their pre-pandemic level. The agency says manufacturing sales rose 10.7 per cent to $40.

Private mobile lab offering blood testing services for COVID-19 antibodies

CALGARY — A Calgary-based private mobile lab company is offering blood testing to detect antibodies associated with COVID-19.
S&P/TSX composite gets lift from gains by its three largest sectors

S&P/TSX composite gets lift from gains by its three largest sectors

TORONTO — Canada's main stock index got its biggest lift in more than a month as its three largest sectors advanced, while U.S. markets also increased despite mixed banking quarterly results.
Toronto realtors urge governments to expand housing supply in relief plan

Toronto realtors urge governments to expand housing supply in relief plan

As home prices rise, a group of Toronto realtors say governments should focus economic recovery plans on housing supply — and be careful of stoking too much demand.
Elanco Animal Health to tweak US$7.6-billion deal with Bayer to get Canadian OK

Elanco Animal Health to tweak US$7.6-billion deal with Bayer to get Canadian OK

GATINEAU, Que. — Elanco Animal Health has agreed to make changes to a US$7.6-billion deal to buy several health care products for animals from Bayer AG in order to get approval from a Canadian regulator.