National Business

OTTAWA — Minister of Innovation, Science and Industry Navdeep Bains says that the federal government is in the process of finalizing funding commitments to General Motors and Fiat Chrysler, after announcing a $295 million investment in Ford earlier t

TORONTO — U.S. stock markets soared to record highs Monday on positive news about a COVID-19 vaccine that bolsters hopes about a global economic recovery.

Air Canada shares surged more than 28 per cent Monday as news of a potential COVID-19 vaccine and government assistance for the industry eclipsed dismal third-quarter results brought about by global pandemic lockdowns.

TORONTO — BMO Financial Group says it is shuffling its executives and bringing in a new chief financial officer. The bank says Tayfun Tuzun will join BMO on Nov. 16 and become CFO at the start of next year.

CALGARY — The election of Joe Biden as U.S. president likely spells the end of the Keystone XL oil pipeline, but his environmental agenda could help Canadian energy companies better compete with their American rivals, observers said Monday.

ANKARA, Turkey — President Recep Tayyip Erdogan has accepted the resignation of his son-in-law from the position of finance minister, the Turkish leader's office announced Monday.

TORONTO — Unifor says its members at General Motors of Canada have voted 85 per cent in favour of a new three-year contract that will mean the return of production to the automaker's Oshawa, Ont., assembly plant. The deal covers 1,700 workers in St.

McDonald’s U.S. sales roared back in the third quarter with new menu items and attention-grabbing celebrity collaborations. And the burger giant says more is coming.

DETROIT — General Motors is recalling more than 217,000 cars and SUVs in the U.S. and Canada because transmission oil can leak, causing them to stop moving or possibly catch fire.

Canopy Growth Corp. is cheering Joe Biden's victory in the U.S. presidential race and a series of ballot measures Americans voted in favour of last week that support the legalization of cannabis. David Klein, the Smiths Falls, Ont.