National Business

Online sales are set to hit a record this year in Canada, Statistics Canada said on Monday, amid limits on in-person shopping during the COVID-19 pandemic.

OTTAWA — One of Canada's top central bankers says the Bank of Canada is keeping a close eye on household debt that were already elevated before COVID-19.

TORONTO — Sherritt International Corp. says president and CEO David Pathe intends to step down from his role in 2021 but will stay on until a replacement is in place.

LONDON — Google faces fresh regulatory scrutiny in Britain over plans to revamp its ad data system, after a group of competitors complained to regulators that the changes would cement the U.S. tech giant's online dominance.

LONDON — Cineworld, which last month closed its cinemas in the U.S. and the U.K., has secured more than $750 million of new financing that it hopes will see it through the coronavirus pandemic.

LONDON — Pharmaceutical company AstraZeneca said Monday that late-stage trials showed its coronavirus vaccine was up to 90% effective, giving public health officials hope they may soon have access to a vaccine that is cheaper and easier to distribute

TORONTO — Iamgold Corp. says it is temporarily reducing the underground workforce at its Westwood mine in Quebec following what it called a seismic event.

GENEVA — A panel of human rights experts working with the United Nations said Monday that former Renault-Nissan boss Carlos Ghosn was wrongly detained in Japan and has urged “compensation” for him from the Japanese government.

PARIS — The trial of former French President Nicolas Sarkozy for corruption and influence peddling was suspended Monday less than two hours after it started, to allow a medical report on one of the defendants.

MONTREAL — Boralex Inc. has signed a deal to buy controlling interests in seven solar power plants in the United States from Centaurus Renewable Energy LLC and other investors for $283 million.