National Business

SNC-Lavalin Group Inc. shares surged more than 11 per cent after the company took steps to reduce risks by moving away from construction and oil to focus on its engineering services business. The shares gained $2.52 to $25.

Bell's decision to dump an all-sports format at three Canadian radio stations is likely all about profit, says one media industry expert.

TORONTO — Canada's main stock index continued to set records as it was pushed higher Tuesday by big cannabis stocks and an optimistic long-term outlook for the global economy. The S&P/TSX composite index moved up 78.

MONTREAL — In the latest sign of COVID-19's devastating toll on Canada's aviation sector, Air Canada said Tuesday that it will temporarily lay off 1,500 unionized employees as it cuts more international routes.

CALGARY — The cancellation of the Keystone XL oil export pipeline has resulted in a second oilsands company posting a multimillion-dollar impairment charge in its fourth quarter earnings report. Calgary-based Cenovus Energy Inc.

NANAIMO, B.C. — Shares in cannabis company Tilray Inc. soared after the announcement of a deal with Grow Pharma to supply medical cannabis in the United Kingdom. Tilray shares were up US$11.43 at US$41.52 in late-morning trading on the Nasdaq market.

WASHINGTON — U.S. employers cut back sharply on hiring in December, particularly industries slammed by the pandemic such as restaurants and hotels, as virus infections soared and governments responded with tighter restrictions.

ORLANDO, Fla.

SMITHS FALLS, Ont. — After a dramatic restructuring that included the elimination of up to 1,000 workers, Canopy Growth Corp. says profitability is on the horizon. The Smiths Falls, Ont.

When Haman Mamdouhi made $2,500 in profit from a $5,000 investment in Bitcoin last month, the tax implications weren't exactly top of mind.