National Business

VANCOUVER — Canfor Corp. is reporting a large year-over-year increase in net income in its latest quarter as surging lumber prices helped its revenues to more than double to a record high. The Vancouver-based company says it earned a record $726.

CALGARY — Imperial Oil Ltd. says it earned $366 million in the second quarter and boosted production to its highest level in 25 years for the same period.

TORONTO — Fairfax Financial Holdings Ltd. says its net profit nearly tripled in its latest quarter partly due to lower COVID-19 losses. The Toronto-based insurance company, which reports in U.S. dollars, says it earned US$1.2 billion or US$43.

TORONTO — Unifor has reached a tentative agreement with Bombardier Aviation at its Downsview plant in north Toronto.

WASHINGTON (AP) — The Justice Department, in a reversal, says the Treasury Department must provide the House Ways and Means Committee former President Donald Trump’s tax returns, apparently ending a long legal showdown over the records.

Canada's top coffee and doughnut chain posted a strong rebound in sales in its latest quarter but rising commodity prices and high demand for restaurant workers threaten to dampen growth as the economy reopens from COVID-19 lockdowns.

CALGARY — Canadian Pacific Railway Ltd. is urging Kansas City Southern shareholders to vote against the proposed merger with Canadian National Railway Co. because of the regulatory uncertainty of its rival's US$33.6-billion bid.

VANCOUVER — The chief executive of Telus Corp. says the Canadian telecommunications market and the launch of 5G technology is being hampered by regulations and expensive spectrum auctions.

CALGARY — Enbridge Inc.'s Line 3 pipeline replacement is on track to be in service by the end of the year despite ongoing protests and recent court challenges, the Calgary-based company said Friday. The $9.

HAMILTON — The federal government says it is investing $400 million in a Hamilton-based steel producer to help it adopt low-carbon technology.