National Business

TORONTO — RioCan Real Estate Investment Trust is seeing demand for commercial leasing opportunities, even after the COVID-19 pandemic pushed many Canadian businesses to close both temporarily and permanently.

FORT MILL, S.C. — Domtar Inc. shares surged to a near two-year high after the pulp and paper producer acknowledged it's in talks with B.C.'s Paper Excellence about a possible merger or sale of the company.

MILAN — Italian luxury sportscar maker Ferrari announced Tuesday that it won’t hit 2022 financial targets due to the impact of the coronavirus pandemic, despite a strong rebound in the first quarter of 2021.

WASHINGTON — The U.S. trade deficit surged to a record $74.4 billion in March as an improving U.S. economy drove purchases of imported foreign goods.

CALGARY — ConocoPhillips plans to sell its roughly 10 per cent stake in Cenovus Energy Inc. as part of a plan to pay for a repurchase of its own shares. The U.S.

TORONTO — Canadian auto sales in April were up 254 per cent compared with the same month last year, when sales plunged due to lockdowns in the early stages of the COVID-19 pandemic.

OTTAWA — Canada posted a merchandise trade deficit of $1.1 billion in March as imports climbed to their highest level since May 2019.

Deepti Avinash has always pictured having a family with three kids. But as she tries to find childcare services for her first daughter in Toronto’s competitive market, she can't imagine how she could even afford having a second child right now.

TORONTO — Thomson Reuters Corp. reported a first-quarter profit of nearly US$5.04 billion as it completed the sale of its investment in financial data firm Refinitiv to the London Stock Exchange Group. The company, which keeps its books in U.S.

THE HAGUE, Netherlands — The European Union’s drug regulator announced Tuesday that it has started a rolling review of China’s Sinovac coronavirus vaccine to assess its effectiveness and safety, a first step toward possible approval for use in the 27