National Business

OTTAWA — The Canadian economy outpaced expectations in October and an early estimate suggested growth continued in November, offering a glimmer of hope for a better-than-expected start to 2021.

While "unprecedented" has been the go-to term to describe the ripple effects of the COVID-19 pandemic, the wave of labour upheaval currently moving across the country is the latest turn in a familiar cycle.

WASHINGTON — U.S. consumer spending fell 0.4% in November, the first decline since April, as Americans confronted a newly resurgent virus. The decline followed a 0.

WASHINGTON — The number of Americans seeking unemployment benefits fell by 89,000 last week to a still-elevated 803,000, evidence that the job market remains under stress nine months after the coronavirus outbreak sent the U.S.

FREDERICTON — The president of NB Liquor and Cannabis NB has resigned after 16 months on the job. The Crown corporation said in a news release that Patrick Parent has decided to return to the private secor in a CEO role.

WASHINGTON — Orders to U.S. factories for big-ticketed manufactured goods rose a moderate 0.9% in November with a key category that tracks business investment plans showing a gain.

BELLINGHAM, Wash. — Seven train cars carrying crude oil derailed Tuesday and five caught fire, sending a large black plume of smoke into the sky north of Seattle close to the Canadian border, authorities said.

CALGARY — Bonterra Energy Corp. says it remains steadfastly opposed to a hostile takeover bid by Calgary oil and gas rival Obsidian Energy Ltd. after the latter extended its share tender deadline on Monday.

At a mind-numbing 5,593 pages, Congress' $900 billion pandemic relief package covers a lot of ground.

WASHINGTON — The Justice Department sued Walmart on Tuesday, accusing it of fueling the nation’s opioid crisis by pressuring its pharmacies to fill even potentially suspicious prescriptions for the powerful painkillers.