National Business

TORONTO — Canada's main stock index moved past a one-day blip to resume its upward trend as crude oil approached US$60 a barrel. The S&P/TSX composite index closed up 67.22 points to 18,460.21. It gained 1.8 per cent on the week and is running 6.

TORONTO — A photo of eight white men posted to Twitter by the Canadian Armed Forces' chief of defence staff with a message supporting diversity should be a reminder that more inclusivity efforts are needed, observers said.

CALGARY — A plan to spend $1.7 billion over the next seven years to develop the Odyssey underground mine to extend the life of the Canadian Malartic Mine's open pit operation in western Quebec has been approved by its owners.

ROME — Former European Central Bank chief Mario Draghi on Friday accepted the Italian president's bid to form a new government, announcing a Cabinet of experts mixed with experienced political hands, at once seeking to reassure financial markets and

CALGARY — Canadian accounting and consulting firm MNP LLP says it will buy part of Deloitte's Canadian business in a new deal between two of the country's largest professional services firms.

MONTREAL — CAE Inc. says its results are improving despite reporting that net profits were cut in half in the third quarter from a year ago as it continues to manage through a challenging time for the aerospace sector.

CALGARY — Construction of the U.S. portion of its Line 3 oil pipeline will cost $1.1 billion more than expected due to regulatory and court delays in Minnesota but the CEO of owner Enbridge Inc.

MONTREAL — Air Canada posted a staggering $1.16 billion loss in the fourth quarter of 2020, a result that caps off what the company's chief executive called the bleakest year in aviation history.

MONTREAL — The federal government has approved Air Canada's $190-million purchase of Transat A.T.

TORONTO — Agnico Eagle Mines Ltd. says its profit fell in the fourth quarter, as it paid 75 per cent of base salaries to its Nunavut-based workforce, which has been at home under COVID-19 guidelines.