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National Business
Biden taps Buttigieg for transportation, Granholm for energy
WASHINGTON — President-elect Joe Biden nominated his former rival Pete Buttigieg as secretary of transportation on Tuesday and intends to choose former Michigan Gov. Jennifer Granholm as his energy secretary.
Dec 15, 2020 8:31 PM
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Lilly lays out 2021 expectations, gene therapy acquisition
Shares of Eli Lilly climbed Tuesday after the drugmaker laid out a better-than-expected revenue forecast and plans to buy a young company developing a potential Parkinson’s disease treatment.
Dec 15, 2020 6:35 PM
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Squish CEO Sarah Segal takes over from father as head of DavidsTea
MONTREAL — The CEO of candy retailer Squish is taking over from her father as head of insolvent tea company DavidsTea.
Dec 15, 2020 6:18 PM
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Home prices to rise more than 9% in 2021, Canadian Real Estate Association forecasts
The Canadian Real Estate Association expects the national average home price will rise 9.1 per cent to $620,400 in 2021, in one of the most optimistic forecasts yet for the real estate sector.
Dec 15, 2020 6:13 PM
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CRA allowing employees to claim up to $400 work from home tax deduction during COVID
OTTAWA — The Canada Revenue Agency says it is introducing a simplified process to claim up to $400 in office expenses for Canadians working from home during the COVID-19 pandemic.
Dec 15, 2020 6:05 PM
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Most actively traded companies on the Toronto Stock Exchange
TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (17,506.48, up 119.08 points.) Suncor Energy Inc. (TSX:SU). Energy. Down 20 cents, or 0.87 per cent, to $22.88 on 8.7 million shares.
Dec 15, 2020 5:31 PM
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Canada must fight to retain talent after Biden enters White House, Macklem says
OTTAWA — Canada's top central bank warned Tuesday that this country will face a fight to retain and attract top talent when the White House gets a new occupant next month. Protectionist policies and attitudes stemming from U.S.
Dec 15, 2020 5:21 PM
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North American stock markets rally as U.S. stimulus hopes push materials higher
TORONTO — North American stock markets enjoyed a broad-based rally Tuesday as improving U.S. stimulus hopes helped to increase gold prices and the materials sector. "Fiscal negotiations in the U.S.
Dec 15, 2020 5:18 PM
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Husky, Cenovus shareholders vote in favour of combined company, clearing major hurdle
CALGARY — Shareholders of two rival energy companies voted in favour of joining forces on Tuesday, clearing the way for Cenovus Energy Inc.'s multi-billion dollar takeover of Husky Energy Inc.
Dec 15, 2020 4:39 PM
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Transat shareholders approve sale to Air Canada by wide margin, despite late offer
MONTREAL — Transat AT Inc.’s shareholders overwhelmingly approved a revised purchase offer from Air Canada despite the disclosure of a late and higher-priced competing bid.
Dec 15, 2020 3:37 PM
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