National Business

TORONTO — A $4-billion all-stock deal to take over Norbord Inc. will transform West Fraser Timber Co. Ltd. into a "global diversified wood products company," CEO Ray Ferris said Thursday.

WASHINGTON — The head of the International Monetary Fund said Thursday that the while the United States and other major economies turned in better-than-expected economic performances in the third quarter, the world now faces slower momentum with a re

TORONTO — The Canadian Federation of Independent Business has asked the federal government to hold Canada Pension Plan premiums at current levels next year when they're scheduled to rise.

CHARLOTTE, N.C. — Sales of existing homes rose for a fifth straight month in October, reaching a level not seen since before the housing bubble popped 14 years ago. The National Association of Realtors said Thursday existing homes sales rose 4.

LONDON — The EU's efforts to rein in the power of big tech companies such as Google and Facebook through antitrust investigations have taken too long, dulling their effectiveness, a report said Thursday.

WASHINGTON — The number of Americans seeking unemployment aid rose last week to 742,000, the first increase in five weeks and a sign that the resurgent viral outbreak is likely slowing the economy and forcing more companies to cut jobs.

“Wonder Woman 1984” isn’t skipping theatres or moving to 2021, but it is altering course. The last big blockbuster holdout of 2020 is still opening in U.S.

MONTREAL — The real estate arm of Quebec's pension fund manager has laid off about 50 people, mostly outside of Quebec, as it continues efforts to turn around the performance of its shopping centres.

CN Rail may only have to consider another painful round of layoffs if COVID-19's second wave causes shipping volumes to drop dramatically again, its chief executive said Wednesday.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (16,889.82, down 58.24 points.) Suncor Energy Inc. (TSX:SU). Energy. Up 14 cents, or 0.7 per cent, to $20.11 on 12.5 million shares.