National Business

VANCOUVER — Itasca Capital Ltd. says it will add businessmen Paul Rivett and Rick Doman to its board of directors to help pursue additional lumber investments after buying a Kenora sawmill and related assets for $11.5 million.

CALGARY — Both sides are welcoming an Alberta Court of Appeal ruling that supports a trial judge decision in favour of Dow Chemical Canada over Nova Chemicals Corp. but orders a recalculation of its award of $1.4 billion in damages.

Montreal payments company Nuvei Corp. made history Thursday with an IPO that raised US$700 million — the largest amount by a technology company in TSX history. The company's more than 26.

MONTREAL — PHI Studio and Emmy-winner Felix & Paul Studios have formed a new joint venture, which will create and market large-scale immersive projects including a travelling exhibition that's planning a five-year tour of North America and Europe

VANCOUVER — Construction delays related to a COVID-19 shutdown of its Quebrada Blanca Phase 2 copper mining project in Chile will add between US$260 million and US$290 million in costs and delay startup by five to six months, mining company Teck Reso

WASHINGTON — U.S. housing construction fell a surprising 5.1% in August after three months of strong gains when home builders ramped up projects following a pandemic-induced shutdown in March and April.

RENO, Nev. — Google will receive more than $25 million in tax breaks after pledging an additional $600 million for a new data centre in southern Nevada, state officials said.

LONDON — The Bank of England indicated Thursday that it could cut interest rates below zero for the first time in its 326-year history as it tries to shore up a U.K. economic recovery that is facing the dual headwinds of the coronavirus and Brexit.

SEOUL, Korea, Republic Of — The remake of “Mulan” struck all the right chords to be a hit in the key Chinese market.

TORONTO — The COVID-19 pandemic has pummelled Canada's automobile industry but it's the lack of supply that's helping to short-circuit electric vehicle adoption across the country.