National Business

TORONTO — Canada's main stock index again set record highs as employment gains on both sides of the border confirmed the continuing economic recovery. The S&P/TSX composite index gained 125.92 points to a record close of 19,542.

TORONTO — Canadian Pacific Railway Ltd. has told Kansas City Southern that it won't raise its takeover bid and urged the U.S. railway to reject rival CN Rail's US$33.6-billion offer that it claims won't be approved by the U.S. regulator.

Hexo Corp. is mulling a private label strategy as part of its U.S. expansion. The chief executive of the Ottawa-based cannabis company said Thursday that he's considering approaching multi-state operators in the U.S.

TORONTO — The union representing more than 470 striking workers at a Nestlé Canada chocolate bar factory says it has reached a three-year tentative agreement with the company. Unifor Local 252 workers have been on strike since May 1.

TORONTO — A record return over the first full year of the pandemic has put the manager of Canada's largest retirement fund years ahead of schedule to meet a long-term goal of having half a trillion dollars in assets by 2028.

The COVID-19 pandemic has helped small- and medium-sized businesses better position themselves in their fight against e-commerce giants like Amazon.com Inc., the chief executive of Lightspeed POS Inc. says.

A group of plastic industry leaders is launching a court challenge of the Canadian government’s designation of plastic goods as toxic and saying the government should focus on recycling efforts as a solution.

WASHINGTON (AP) — The number of Americans seeking unemployment aid fell last week to 444,000, a new pandemic low and a sign that the job market keeps strengthening as consumers spend freely again, viral infections drop and business restrictions ease.

When Meleah Bennett started looking for a place to live in Toronto last autumn, she was hoping to act before rental rates picked up post-pandemic.

NEW YORK (AP) — Nearly 20 years after self-publishing her first novels, Stacey Abrams is hitting full stride as a writer.