National Business

VANCOUVER — Lumber producer Interfor Corp. is buying a sawmill in South Carolina from WestRock Co. for US$59 million in cash.

NEW YORK — LVMH Moët Hennessy Louis Vuitton, the world’s largest luxury group, has put Rihanna's Fenty fashion collection on hold.

JOHANNESBURG — South Africa will start vaccinating front-line health workers next week with a shot that is still in testing — an unorthodox strategy announced Wednesday after officials abandoned plans to use another vaccine that a small study suggest

SASKATOON — Cameco Corp. beat expectations even as the uranium miner reported that is net income attributable to common shareholders decreased 39 per cent to $80 million in the fourth quarter due to the impact of COVID-19.

OTTAWA — A Bank of Canada official delivered a detailed defence of why the central bank should issue a "digital loonie" instead of ceding control to private cryptocurrencies that could become economic gatekeepers.

COPENHAGEN — The world’s biggest shipping company, Denmark’s A.P. Moller-Maersk, on Wednesday reported a sharp rise in earnings for the fourth quarter, when global demand for goods rebounded from an earlier slump caused by the coronavirus pandemic.

WASHINGTON — U.S. consumer prices rose 0.3% in January, led by a surge in energy. But even though the gain was the biggest monthly increase since July, inflation gains over the past year have remained modest.

CALGARY — Precision Drilling Corp. reported a fourth-quarter loss of $37.5 million as its revenue fell 46 per cent compared with a year earlier. The contract drilling company says the loss amounted to $2.74 per share for the quarter ended Dec.

CHICAGO — The Chicago Teachers Union has approved a deal with the nation’s third-largest school district to get students back to class during the coronavirus pandemic, union officials announced early Wednesday.

HALIFAX — WildBrain Ltd. says it earned a second-quarter profit of $11.3 million compared with a loss in the same quarter a year earlier as its revenue improved.