National Business

OTTAWA — Canadian household spending will eclipse earnings in the coming months as vaccinations increase and uncertainty from the pandemic recedes, the Bank of Canada said in a report released Monday.

TORONTO — The COVID-19 pandemic is affecting retail investors differently, with most trying to endure the hardship and uncertainty, according to a study by Ontario's securities regulator.

Uber is offering sign-up bonuses and other incentives for drivers as it faces record demand for rides and meal delivery.

OTTAWA — The Federal Court of Appeal has dismissed an appeal brought by Google Canada, saying its request would only delay a trial about a patent case filed against the search engine company.

CALGARY — In another sign of ongoing Canadian oilpatch consolidation, Tamarack Valley Energy Ltd. says it has agreed to buy private Anegada Oil Corp. for a net $494 million.

TORONTO — BMO Financial Group has signed a deal to sell its asset management business in Europe, the Middle East and Africa (EMEA) to Ameriprise Financial Inc. for $1.09 billion.

BERLIN — The head of Chancellor Angela Merkel's party, Armin Laschet, on Monday rallied his party's leadership behind his bid to become the centre -right candidate to be Germany's next leader.

MILAN — A year after being postponed by the COVID-19 pandemic, the Venice Biennale for architecture will open on May 22 for a six-month run under strict virus protocols, officials said Monday.

Lockdowns enacted by Canadian provinces to quell the spread of COVID-19 hampered Aphria Inc.'s third quarter. The Leamington, Ont.

TORONTO — Porter Airlines is once more pushing back its tentative date for resuming flights. The airline, which has delayed its restart date several times during the pandemic, now plans to resume flying on June 21.