National Business

CALGARY — Canadian oil and gas producers are banking higher profits as unusually severe winter weather sidelines U.S. rivals this week and drives up demand and prices for their products.

7-Eleven's plans to serve alcohol in Ontario may be hard for convenience store patrons to envision. But it is actually a new take on an old format, says James Rilett, vice president of Central Canada for industry group Restaurants Canada.

WASHINGTON — Federal Reserve officials were convinced last month that the U.S. economy and job growth had slowed as coronavirus cases surged across the country, noting that the outlook is heavily dependent on the course of the virus.

OTTAWA — Canada's headline inflation barometer rose one per cent in January compared with the same month last year, accelerating from the end of 2020 and poised to go higher in the coming months.

De Havilland Aircraft of Canada Ltd. said Wednesday that it will pause production of new Dash 8-400 at its Downsview factory, as airlines re-evaluate their costs amid harsh market conditions.

WASHINGTON — The Justice Department has charged three North Korean computer programmers in a broad range of global hacks, including a destructive attack targeting an American movie studio, and in the attempted theft and extortion of more than $1.

TORONTO — May 2020 was a stressful time for Vancouver thrift-store owner Portia Sam as she prepared to reopen from the first wave of pandemic related retail shutdowns.

CALGARY — Homebuyers and renovators hoping for a mid-winter price slump are instead being greeted with new all-time record high prices for lumber and oriented strandboard (OSB) building panels.

TORONTO — "Never Have I Ever" star Maitreyi Ramakrishnan is among the Canadians on Time magazine's 100 Next list.

FRANKFURT — Ford is vowing to convert its entire passenger vehicle lineup in Europe to electric power by 2030 in just the latest sign of the seismic technological changes sweeping the auto industry.