National Business

TORONTO — Netflix plans to open an office in Canada in what the streaming giant calls "a big first step" toward content creation in this country.

MONTREAL — Bombardier Inc. said Thursday it will reduce its overall workforce by about 1,600 jobs as it anticipates a yearslong recovery in the aviation industry.

Tim Hortons is modernizing its drive-thru experience and improving its core menu items in a bid to win over customers as the economy starts to reopen, executives with the restaurant’s parent company say.

CALGARY — A proposed hostile takeover of Inter Pipeline Ltd.

TOLEDO, Ohio — When General Motors boldly announced its goal last month to make only battery-powered vehicles by 2035, it didn't just mark a break with more than a century of making internal combustion engines.

Hormel Foods is going nuts. The Austin, Minnesota-based company, known for its meat brands like Spam and Applegate, said Thursday it is buying the Planters nut business from Kraft Heinz Co. for $3.35 billion.

WASHINGTON — The number of Americans seeking unemployment benefits fell slightly last week to 793,000, evidence that job cuts remain high despite a substantial decline in new confirmed viral infections.

HALIFAX — Ottawa is providing $1 million for an undersea testing platform at a Halifax-area ocean research facility.

TORONTO — One of Canada's biggest commercial real estate owners and operators says the sector is struggling with ongoing COVID-19 lockdowns, but most of its tenants have managed to stay open and pay their rent.

BRUSSELS — Despite deep uncertainty over a surge in coronavirus cases and the impact of new variants of the disease, senior European Commission officials on Thursday expressed cautious optimism that European economies will rebound later this year and