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National Business
National Business
Magna plans to expand manufacturing in North America to focus on EVs
Canadian auto parts company Magna International Inc. is planning to expand its global manufacturing capacity to North America as it focuses on electric vehicle production. The Aurora, Ont.
Apr 13, 2021 1:39 PM
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South Africa halts J&J vaccine jabs; Europe rollout delayed
JOHANNESBURG — South Africa suspended giving Johnson & Johnson vaccine shots Tuesday as a “precautionary measure” and the company delayed its European vaccine rollout following an FDA decision to pause the jabs while very rare blood clot cases ar
Apr 13, 2021 12:58 PM
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France suspends all Brazil flights due to virus variants
PARIS — France suspended all flights from Brazil on Tuesday amid mounting fears over the particularly contagious coronavirus variant that has been sweeping the South American country. Prime Minister Jean Castex announced the suspension to parliament.
Apr 13, 2021 12:17 PM
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Canada Infrastructure Bank and Fortis subsidiary invest in transmission line
OTTAWA — The Canada Infrastructure Bank and ITC Investment Holdings have signed a deal to invest $1.7 billion in an underwater transmission line connecting Ontario to Pennsylvania under Lake Erie.
Apr 13, 2021 12:16 PM
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Volkswagen reaches wage deal with German workers
FRANKFURT — Volkswagen and Germany’s largest industrial union have agreed on a 23-month wage deal that provides a 1,000 euro bonus recognizing employee efforts during the coronavirus pandemic and a 2.3% wage increase from January 2022.
Apr 13, 2021 9:47 AM
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UK economy grows 0.4% amid confidence from vaccine rollout
LONDON — The U.K. economy grew 0.4% in February, rebounding from a sharp drop the previous month, as the rapid rollout of COVID-19 vaccines boosted confidence in a recovery from the pandemic.
Apr 13, 2021 9:47 AM
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Scotiabank CEO wants top up for child tax credit, grants for businesses
TORONTO — The head of the Bank of Nova Scotia is urging Ottawa to adopt a series of policy changes to help parents, businesses of all sizes and companies trade between provinces.
Apr 13, 2021 9:46 AM
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Japan to start releasing Fukushima water into sea in 2 years
TOKYO — Japan's government announced Tuesday it would start releasing treated radioactive water from the wrecked Fukushima nuclear plant into the Pacific Ocean in two years.
Apr 13, 2021 9:00 AM
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Consumer prices jump 0.6% in March, biggest gain since 2012
WASHINGTON — U.S. consumer prices increased a sharp 0.6% in March, the biggest uptick since 2012, while inflation over the past year jumped 2.6%.
Apr 13, 2021 8:13 AM
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Ontario regulator to provide $500M credit facility to PACE Credit Union
TORONTO — Ontario's financial regulator will provide a $500-million credit facility to help PACE Credit Union continue operations.
Apr 13, 2021 7:27 AM
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