National Business

Taking on more credit card debt has not been part of the COVID-19 pandemic plan for many Canadians, data from TransUnion Canada on Tuesday suggests. The credit reporting agency said in a quarterly report that credit card balances fell 12.

TORONTO — Canada's main stock index closed in the red Tuesday as energy weighed down the index, while the S&P 500 hit a record high. "There's a very distinct story in the markets today and that's largely one of the divergence between the U.S.

Canada's next finance minister faces a serious challenge as the country charts its way through the most difficult economic circumstances since the Great Depression.

NEW YORK — Americans turned to Walmart and Home Depot for supplies and do-it-yourself projects as they stayed close to home at a time when new cases of virus surged, resulting in soaring sales for their fiscal second quarter.

Calgary-based PetroTal Corp. says it expects to restart production by month's end at its Bretana oilfield in Peru after it was closed last week due to violent civil unrest.

CALGARY — A Calgary-based firm that bases its warehouse robotics system on the structure of ant colonies says it has attracted US$50 million in funding from a group led by the Ontario Teachers’ Pension Plan Board.

Millions of people forced to work out of the office during the pandemic took on new projects at home and Home Depot is supplying a lot of the DIY material they need. At Home Depot stores open at least a year, sales surged an remarkable 25% in the U.

TORONTO — Vonny Sweetland has yet to decide if he will be sending his 12-year-old sister Josephine back to class in September, but just in case he does, he's been stocking up on supplies for months.

CALGARY — A Texas suitor for Calgary-based Calfrac Well Services Ltd. is urging shareholders to reject a management recapitalization proposal favoured by its senior debtholders.

WASHINGTON — Construction of new U.S. homes surged 22.6% last month as homebuilders bounced back from a lull induced by the coronavirus pandemic. The Commerce Department reported Tuesday that new homes were started an annual pace of nearly 1.