National Business

TORONTO — RBC and National Bank of Canada will have tough acts to follow when they report financial results on Wednesday, one day after BMO and Scotiabank said on that their businesses were better off than before the COVID-19 pandemic.

MONTREAL — Bombardier says it has been the target of a cybersecurity breach that compromised confidential information related to its employees, customers and suppliers.

TORONTO — Disney Plus is introducing viewers to its older sibling: a new streaming hub named Star.

FREDERICTON — New Brunswick's auditor general says NB Power needs to make reducing its $4.9-billion debt a priority, adding that credit rating agencies are taking notice of the utility's liabilities.

CALGARY — The CEO of Gibson Energy Inc.

TORONTO — The mayor of Windsor, Ont., says the city may have to close a COVID-19 isolation centre for migrant farm workers after a shift in federal support created a $2 million funding shortfall.

MILAN — A digital runway show by five Italian fashion designers of African origin opens Milan Fashion Week on Wednesday, one tangible result of a campaign launched last summer by the only Black Italian designer belonging to the Milan fashion chamber.

WASHINGTON — Federal Reserve Chair Jerome Powell underscored the U.S. economy's ongoing weakness Tuesday in remarks that suggested that the Fed sees no need to alter its ultra-low interest rate policies anytime soon.

CANBERRA, Australia — Facebook announced Tuesday that it would lift a ban on Australians viewing and sharing news on its platform after it struck a deal with the government on proposed legislation that would make digital giants pay for journalism.

The housing market was among the very few bright spots for the U.S. economy in the year of the lockdown and Home Depot became its supplier, racking up an unprecedented $132 billion in sales for 2020.