National Business

Wholesale inflation in the United States shot up 10% last month from a year earlier — another sign that inflationary pressures remain intense at all levels of the economy.

OTTAWA — Canadian manufacturing sales rose 0.6 per cent to $64.8 billion in January, as higher prices helped boost sales in the petroleum and coal sector to a record high and lift wood product sales higher, Statistics Canada said Tuesday.

TORONTO — Tim Hortons is taking its coffee, doughnuts and Timbits to India. The coffee chain says it will open its first location in the country later this year as part of an agreement with a joint venture owned by Apparel Group and Gateway Partners.

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in February rose eight per cent compared with January.

BEIJING (AP) — China's new COVID-19 cases Tuesday more than doubled from the previous day as the country faces by far its biggest outbreak since the early days of the pandemic.

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (21,180.78, down 281.05 points.) Canadian Natural Resources (TSX:CNQ). Energy. Down $3.42, or 4.4 per cent, to $74.21 on 18.

TORONTO — A day after Unifor president Jerry Dias announced his sudden retirement, the union revealed it has been investigating the now former president since late January.

TORONTO — Canada's main stock index suffered its worst day in nearly two months on worrying COVID-19 cases in China, weaker commodities prices and bond yields reaching their highest levels in several years in anticipation of the Fed hiking interest r

CALGARY — Customers of Canadian Pacific Railway Ltd. are growing increasingly concerned about a labour dispute that the union has said could result in a potential rail strike as early as this week.

LONDON (AP) — Britain’s top court on Monday refused WikiLeaks founder Julian Assange permission to appeal against a decision to extradite him to the U.S. to face spying charges.