National Business

TORONTO — Ontario lost more than 355,000 jobs last year - the single largest annual decline on record - due to the COVID-19 pandemic, the province's fiscal watchdog said Thursday.

CALGARY — Buoyed by stronger gold and copper prices and flush with cash after realizing $1.5 billion in proceeds from the sale of non-core assets since 2019, Barrick Gold Corp.

VANCOUVER — Teck Resources Ltd. is again writing down part of its stake in the Fort Hills oilsands mine in northeastern Alberta operated by partner Suncor Energy Inc.

CALGARY — The CEO of Nutrien Ltd. says the fertilizer company will continue to grow organically as well as through acquisitions as it increases its dividend and launches a new share buyback program.

WestJet said Thursday that it will suspend service to four Canadian cities amid slumping demand due to COVID-19 restrictions. Starting March 19, the airline plans to suspend all flights to St. John's, London, Ont., Lloydminster, Alta.

OTTAWA — The Supreme Court of Canada has turned down a request by the Canada Revenue Agency which sought to have the top court hear an appeal regarding Cameco Corp. and its use of a subsidiary in Switzerland to sell and trade its uranium.

FRANKFURT — Car and truck maker Daimler increased its profits by 48% to 4.0 billion euros ($4.

PARIS — European plane maker Airbus lost 1.1 billion euros ($1.

Canadian Tire Corp. Ltd. says it's closing all National Sports stores to reduce overlap in the company's sporting goods assortment after an internal evaluation.

WASHINGTON — The number of Americans applying for unemployment aid rose last week to 861,000, evidence that layoffs remain painfully high despite a steady drop in the number of confirmed viral infections.