National Business

New restrictions on flights from the Caribbean and Mexico announced Friday are likely to trigger bankruptcies in Canada's airline sector and force permanent closures for airports and travel agencies, aviation experts say.

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (17,337.02, down 320.18 points.) Supreme Cannabis Company Inc. (TSX:FIRE). Health care. Unchanged at 17.5 cents on 21.6 million shares.

Hudson's Bay Co. is permanently laying off more than 600 workers across Canada amid ongoing store closures due to COVID-19 lockdowns.

TORONTO — Canada's main stock index suffered its worst week in three months amid a correction that is expected to continue in February.

WASHINGTON — President Joe Biden warned Friday of a steep and growing “cost of inaction” on his $1.

TORONTO — A rollercoaster week of trading for investors in GameStop, BlackBerry and other hot stocks has resulted in trading bans, warning labels for certain stocks and questions over both fairness and systemic risk in the financial system.

CALGARY — Ottawa says it is referring the impact assessment of a Suncor Energy Inc. oilsands mine extension in northern Alberta to an independent review panel.

FREDERICTON — A last-minute government injection of $720,000 appears to have saved bus routes in northern New Brunswick that a private bus operator wanted to cut because of a drop in ridership attributed to the COVID-19 pandemic.

SILVER SPRING, Md. — Wages and benefits for U.S. workers rose in the last quarter of the year, putting all of 2020 in somewhat of a normal range as the pandemic continued to rankle the economy. Total U.S. workers compensation rose 0.

FORT MILL, S.C. — Domtar Corp. says president and chief executive John Williams has contracted COVID-19 and will take a temporary medical leave of absence.