National Business

TORONTO — Ontario will spend a record $187 billion this year as it lays out a plan to recover from the COVID-19 pandemic, with money earmarked for the health-care sector, to support for seniors living at home and to subsidize electricity rates for bu

Resolute Forest Products chief executive Yves Laflamme will retire next year and be replaced by chief financial officer Remi Lalonde, the company announced Thursday.

EDMONTON — Alberta’s auditor general has flagged $1.6 billion worth of accounting blunders along with other oversight problems by Premier Jason Kenney’s government.

Ontario's Progressive Conservative government presented their first pandemic-era budget Thursday.

MONTREAL — Quebecor Inc.

WATERLOO, Ont. — OpenText Corp. saw a nearly 40 per cent spike in net income in its most recent quarter, as investors continued to rally behind North American tech companies in the wake of COVID-19. The Waterloo, Ont.

TORONTO — Lower acquisition costs and digital offerings helped Sun Life Financial Inc. deliver a 10 per cent increase to its third-quarter net profit.

TORONTO — Canada's main stock index had its best performance in five months Thursday as it joined U.S. investors who continue to bask in the glow of expected post-election gridlock.

Great-West Lifeco Inc. managed to notch a 13 per cent increase in net earnings during its third quarter, even as it went on a multi-billion-dollar spending spree.

WASHINGTON — The Federal Reserve kept its benchmark interest rate at a record low near zero Thursday and signalled its readiness to do more if needed to support an economy under threat from a worsening coronavirus pandemic.