National Business

TORONTO — Stock markets in Canada and the U.S. closed higher Friday after a day of gains for multiple sectors, including industrials, technology and energy. The S&P/TSX composite index was up 90.91 points at 20,188.43.

OTTAWA — Retail sales in Canada stumbled for the second month in a row after two straight months of gains, a sign of the rocky road ahead as Canada staggers out of the pandemic's economic recession. The 2.

NEW YORK (AP) — Celebrity chef Mario Batali, his business partner and their New York City restaurant company have agreed to pay $600,000 to resolve a four-year investigation by the state attorney general’s office into allegations that Batali, restaur

CALGARY — MEG Energy Corp. boosted its full-year production guidance after reporting $68 million in net profits in the second quarter on a near doubling of revenues.

TORONTO — Magna International Inc. is advancing its goal of becoming a global leader in advanced driver assistance technology by reaching an agreement to acquire Swedish automotive safety technology firm Veoneer for US$3.8 billion including debt.

Air Canada is anticipating a recovery in demand in the coming months as travel restrictions are eased and leisure passengers look to get away after being grounded by COVID-19.

CLEVELAND (AP) — Known as the Indians since 1915, Cleveland’s Major League Baseball team will be called Guardians.

TORONTO — Unifor says after eight months of bargaining, it has reached a tentative deal with BCE Inc. that will cover craft workers.

BEIJING (AP) — A man has confessed to defrauding Chinese-Canadian pop singer Kris Wu over a teenager’s accusation he had sex with her when she was drunk, according to Beijing police.

ATLANTA (AP) — It took less than two hours Thursday for jurors to decide that Georgia's suspended insurance commissioner was indeed a “fraudster” and not an innovator, as they convicted Jim Beck on 37 criminal counts relating to more than $2 million