National Business

TORONTO — Onex Corp. says its private equity investments increased in value this year, despite the economic volatility caused by the COVID-19 pandemic. The company, which manages a fund that bought WestJet Airlines Ltd.

MONTREAL — Dorel Industries said Friday its board has agreed to a deal that will take the Montreal-based company private. Under the agreement, a group led by an affiliate of Cerberus Capital Management LP will buy Dorel for $14.

WASHINGTON — U.S. wholesale prices rose moderately in October as food costs jumped by the largest amount in five months.

TORONTO — One of the godfathers of artificial intelligence says the last year has created a "watershed" moment for the technology, but we have to be careful not to let our fears keep us from exploring it more.

CALGARY — Western Canadians tired of isolating at home are filling the slopes at mountain ski resorts that have opened earlier than usual despite worries about surging cases of COVID-19.

WASHINGTON — The U.S. is starting the 2021 budget year the way the old year ended, with soaring deficits. The Treasury Department reported Thursday that the federal government ran up a record October deficit of $284.

BOSTON — Once a coronavirus hot spot, Massachusetts was seen as a model for infection control this summer as coronavirus cases and deaths dwindled.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,582.18, down 191.96 points.) Enbridge Inc. (TSX:ENB). Energy. Down $1.85, or 4.64 per cent, to $37.98 on 25.4 million shares.

TORONTO — Canada's main stock index snapped a three-day winning streak as growing COVID-19 infections and spreading lockdowns muted some optimism about prospective vaccines.

OTTAWA — The second-in-command at the Bank of Canada is warning that economic "scars" from the COVID-19 pandemic could become permanent without concerted effort from all Canadians.