National Business

ST. JOHN'S, N.L. — Newfoundland and Labrador is hoping to cut its deficit nearly in half, aided in part by an oil rebound.

OTTAWA — Canada's economy could be in for a significant rebound this year, according to an upgraded outlook from the Organization for Economic Co-operation and Development.

TORONTO — Shares of Dye & Durham Ltd. were up 15 per cent after the company said it has received an indication of interest from a shareholder group led by management to take the company private.

ISLAMABAD (AP) — A Pakistani television station Monday took a prominent journalist off air, removing him as host of a popular talk show after he criticized the country’s powerful military, the journalist and rights groups said.

VANCOUVER — Western Copper and Gold Corp. says Rio Tinto Canada Inc. has completed a $25.6-million investment in the company. The Vancouver-based company says the money will be used to help advance its copper-and-gold Casino project in the Yukon.

MILAN (AP) — Milan’s famed Teatro alla Scala on Monday announced a 2021-22 season of 13 operas, seven ballets and numerous concerts as Italy’s most important theater looks toward a gradual removal of pandemic restrictions.

TORONTO — NorthWest Healthcare Properties Real Estate Investment Trust says it and a partner have made an offer to buy Australian Unity Healthcare Property Trust that values it at $2.6 billion, including debt.

HALIFAX — When Vic Bertrand took over the helm of Toys “R” Us Canada in late 2019, he took a hard look at the retailer’s operations.

NEW YORK (AP) — Moviegoing increasingly looks like it didn't die during the pandemic. It just went into hibernation. John Krasinski's thriller sequel “A Quiet Place Part II” opened over the Memorial Day weekend to a pandemic-best $48.

TORONTO — Five things to watch for in the Canadian business world in the coming week: More bank earnings Scotiabank will release Q2 earnings results on Tuesday.