National Business

Shares of auto parts manufacturer Magna International Inc. hit an all-time high on Wednesday after the company announced a deal with LG Electronics to create a joint venture to build components for electric cars.

MONTREAL — Investment firm Letko, Brosseau and Associates Inc. says it plans to vote against a plan to take Dorel Industries Inc. private. The money manager says it holds 12.6 per cent of Dorel's outstanding class-B subordinate shares.

DOVER, England — Gridlock at an English port kept thousands of truckers and travellers stranded Wednesday despite a deal with France to lift a two-day blockade imposed because of a new variant of the coronavirus that had isolated Britain and raised f

OTTAWA — The Canadian economy outpaced expectations in October and an early estimate suggested growth continued in November, offering a glimmer of hope for a better-than-expected start to 2021.

While "unprecedented" has been the go-to term to describe the ripple effects of the COVID-19 pandemic, the wave of labour upheaval currently moving across the country is the latest turn in a familiar cycle.

WASHINGTON — U.S. consumer spending fell 0.4% in November, the first decline since April, as Americans confronted a newly resurgent virus. The decline followed a 0.

WASHINGTON — The number of Americans seeking unemployment benefits fell by 89,000 last week to a still-elevated 803,000, evidence that the job market remains under stress nine months after the coronavirus outbreak sent the U.S.

FREDERICTON — The president of NB Liquor and Cannabis NB has resigned after 16 months on the job. The Crown corporation said in a news release that Patrick Parent has decided to return to the private secor in a CEO role.

WASHINGTON — Orders to U.S. factories for big-ticketed manufactured goods rose a moderate 0.9% in November with a key category that tracks business investment plans showing a gain.

BELLINGHAM, Wash. — Seven train cars carrying crude oil derailed Tuesday and five caught fire, sending a large black plume of smoke into the sky north of Seattle close to the Canadian border, authorities said.