National Business

TORONTO — Ontario revealed a new tiered system for COVID-19 restrictions on Tuesday, saying it will help fight the pandemic at a regional level, but critics said the framework prioritized the economy over public health.

TORONTO — Thomson Reuters's chief executive said Tuesday that the company has performed well through the COVID-19 crisis, but he's eager to make further improvements going into next year.

Calgary-based Waterous Energy Fund says it intends to launch a formal takeover bid for private junior oilsands producer Osum Oil Sands Corp. to raise its ownership stake to 85 per cent. The private fund is offering to buy to 52.

CALGARY — Canada's two largest railways transported a record monthly total of 6.3 million tonnes of Canadian grain in October. Montreal-based CN Rail ended the month moving 3.27 million tonnes while Canadian Pacific Railway shipped 3.

Vancouver home sales were up 29 per cent compared with a year ago in October, making it the second-best October on record, the Real Estate Board of Greater Vancouver said Tuesday.

SASKATOON — Strong growth in global food demand combined with promising harvest and fertilizing plans in the United States and elsewhere around the world bode well for Nutrien Ltd. going into 2021, chief executive Chuck Magro says.

SILVER SPRING, Md. — The cruise industry has jettisoned hopes of restarting operations this year.

ST. JOHN'S, N.L. — The Newfoundland and Labrador government has appointed a mediator in the ongoing labour dispute between the province's striking Dominion grocery workers and Loblaw Companies Ltd., the company they work for.

MONTREAL — The second-largest shareholder of Dorel Industries says it won't support a proposal to take the company private under the terms offered Monday. Montreal-based investment firm Letko, Brosseau & Associates Inc says it controls about 13.

MILAN — Luxury sportscar maker Ferrari on Tuesday reported its profits remained flat in the third quarter as it recovers lost production from the coronavirus shutdown.