National Business

CALGARY — Construction of the U.S. portion of its Line 3 oil pipeline will cost $1.1 billion more than expected due to regulatory and court delays in Minnesota but the CEO of owner Enbridge Inc.

MONTREAL — Air Canada posted a staggering $1.16 billion loss in the fourth quarter of 2020, a result that caps off what the company's chief executive called the bleakest year in aviation history.

MONTREAL — The federal government has approved Air Canada's $190-million purchase of Transat A.T.

TORONTO — Agnico Eagle Mines Ltd. says its profit fell in the fourth quarter, as it paid 75 per cent of base salaries to its Nunavut-based workforce, which has been at home under COVID-19 guidelines.

TORONTO — Ontario is reporting 1,076 new cases of COVID-19 today and 18 more deaths linked to the virus. Health Minister Christine Elliott says there are 361 new cases in Toronto, 210 in Peel Region, and 122 in York Region.

OTTAWA — Statistics Canada says wholesale trade fell in December for the first time since April amid sharply lower auto sales. The agency says wholesale sales were down 1.3 per cent in December at $66.

WASHINGTON — Democrats pushed half of President Joe Biden’s $1.

EDMONTON — Alberta isn't currently looking at varying economic restrictions based on regions, says Premier Jason Kenney, despite growing pressure to do it.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (18,392.99, down 64.79 points.) The Supreme Cannabis Co. Inc. (TSX:FIRE). Health care. Down 9.5 cents, or 19 per cent, to 40.

TORONTO — Ontario is on track for years of post-pandemic deficits unless the government hikes taxes or cuts services, the province's fiscal watchdog said in a new report Thursday.