National Business

Calgary set a new record for April home sales as the market continued to rebound from lows triggered by the COVID-19 pandemic, the city's real estate board said Monday.

TORONTO — A new financing deal involving plenty of star power and venture capital investors has pushed Wealthsimple's valuation to $5 billion and has its CEO anxious to build the brand even further.

MONTREAL — The COVID-19 pandemic, a dockworkers strike and a rail blockage hit the Port of Montreal, which saw its cargo volumes fall in 2020 for the first time in seven years. The port says its volumes fell 14 per cent to 35.

MONTREAL — Bombardier is expecting to generate higher revenues in the first quarter while the aircraft manufacturer faces an allegation that it breached debt covenants by selling its railway and commercial aircraft businesses.

WASHINGTON — Growth in U.S. manufacturing slowed slightly in April partly due to a snarled global supply chain after hitting a 37-year high in March.

TORONTO — The Bank of Nova Scotia says it has signed a deal to buy an additional 7.0 per cent stake in Scotiabank Chile from the Said family. The deal will increase Scotiabank's interest in its Chilean operations to 83 per cent.

CALGARY — Measures to control the COVID-19 pandemic made for a bumpy ride for most of the ski and snowboard industry in Canada, as revenues slumped even at resorts that were able to maintain near-normal lift ticket sales in a season that’s coming to

COPENHAGEN — Denmark on Monday removed the single-dose Johnson & Johnson COVID-19 shot from its vaccination program to investigate reports of rare but potentially dangerous blood clots.

EDMONTON — An Alberta court has rejected an Edmonton company's request to block four Canadian retailers from selling set-top boxes that allegedly can be used to illegally access its programming offerings.

SILVER SPRING, Md. — U.S. construction spending bounced back in March following a February beset by frigid cold and winter storms across large swaths of the country. However, spending on construction projects rose just 0.