National Business

CALGARY — Private junior oilsands producer Osum Oil Sands Corp. says shareholders should reject a $126-million bid by Calgary investment firm Waterous Energy Fund to nearly double its ownership stake.

VANCOUVER — Postmedia has notified unionized employees in Vancouver that it wants to reduce salary expenses there by 15 per cent through a voluntary buyout program or layoffs.

CALGARY — The CEO of Imperial Oil Ltd. says rising COVID-19 infection numbers have stalled a recovery in demand for vehicle fuels produced in its Canadian refineries from the depths of the pandemic lockdowns in March and April.

TORONTO — Online shoppers may have recently noticed new options on the checkout pages of their favourite retailers: buy now, pay later.

TORONTO — Men are picking up jobs at three times the rate that women are leaving the workforce amid the pressures and opportunities of the COVID-19 pandemic, according to a new Royal Bank report.

TORONTO — "Wonder Woman 1984" will make history in the United States when it becomes the first superhero blockbuster to debut simultaneously in theatres and on a streaming platform, but for Canadians, the viewing options won't be so revolutionary.

DALLAS — United Airlines warned Thursday that bookings have slowed and cancellations have increased as the number of coronavirus infections spikes across the country.

CALGARY — The chief executive of Alberta Investment Management Corp. is expected to leave the post by next June — a few months earlier than planned before the Alberta fund manager's investment track record came under fire earlier this year.

Growing demand for trucks helped convince executives to turn around plans for the plant in Oshawa, Ont., General Motors Canada president Scott Bell said.

NEW YORK — Macy's swung to a quarterly loss and sales tumbled 22% as the department store chain struggled to bring shoppers back to stores during a pandemic.