National Business

MISSISSAUGA, Ont. — Russel Metals says it lost more money in the fourth quarter than in the same period in 2019. The Mississauga-based company says it had a net loss of $9 million in the three months that ended Dec.

TORONTO — Merck Mercuriadis is holding a Canadian treasure in his hands. Deep into a conversation about the future of the music industry, the head of the Hipgnosis Songs Fund steps away from his webcam to pull a vinyl record from his shelf.

TORONTO — Manulife Financial Corp. says its fourth-quarter profits rose 45 per cent from a year ago, as gains from interest rates and bond sales offset lower volumes of new business during the COVID-19 pandemic last year.

When Haman Mamdouhi made $2,500 in profit from a $5,000 investment in Bitcoin last month, the tax implications weren't exactly top of mind.

CALGARY — TC Energy Corp. is planning to eliminate more than 1,000 construction jobs related to its decision to halt work on its Keystone XL pipeline expansion project. The company suspended work on the project Wednesday as U.S.

TORONTO — Canada's main stock index dipped in early trading, lagging U.S. markets as the Canadian dollar headed higher. The S&P/TSX composite index was down 33.13 points at 17,981.78. In New York, the Dow Jones industrial average was up 37.

WASHINGTON — U.S. home construction jumped 5.8% in December to 1.67 million units, a 14-year high that topped the strongest annual showing from the country's builders in 15 years. The better-than-expected December gain followed an increase of 9.

WASHINGTON — The number of Americans seeking unemployment benefits fell slightly last week to 900,000, still a historically high level that points to ongoing job cuts in a raging pandemic.

TORONTO — More than 200,000 Canadian businesses could close permanently during the COVID-19 crisis, throwing millions of people out of work as the resurgence of the virus worsens across much of the country, according to new research.

CALGARY — WestJet Airlines will operate the first commercial Boeing 737 Max flight in Canada today since the aircraft was grounded in 2019 following two deadly crashes.