National Business

OTTAWA — Canadian retail sales were virtually unchanged in December compared with the prior month, ending a year with the smallest increase in retail sales since 2009 when the country was hit by the financial crisis, Statistics Canada said Friday.

AURORA, Ont. — Magna International Inc. says its operations in China are still running under capacity because of the novel coronavirus outbreak, but that it's too early to say what the long-term impacts might be. The Aurora, Ont.

TORONTO — Royal Bank of Canada is monitoring the recent, novel coronavirus outbreak and rail blockades across the country, but says it's too early to see the full impact of either yet.

BEIJING — China on Friday suspended more punitive tariffs on imports of U.S. industrial goods in response to a truce in its trade war with Washington that threatened global economic growth.

CALGARY — Enerplus Corp. reported a loss of $429.1 million in its latest quarter as it took a non-cash goodwill impairment charge related to its Canadian business. The company says the loss amounted to $1.

TORONTO — Home Capital Group Inc. reported a fourth-quarter profit of $37.2 million, up from $35.8 million in the same quarter a year earlier. The alternative mortgage lender says the profit amounted to 65 cents per share for the quarter ended Dec.

NEW YORK — Victoria's Secret, which once defined sexy with its leggy supermodels in their lacy bras and oversized angel wings, has a new owner.

BRUSSELS — European leaders argued into the early hours of Friday about how to spend and share some 1 trillion euros ($1.1 trillion) over the next seven years.

CHATHAM, Ont. — TekSavvy Solutions Inc. says it has filed a complaint with the Competition Bureau seeking an investigation into how Bell Canada and Rogers Communications charge independent internet service providers.

CALGARY — Inter Pipeline Ltd. is crediting strong results from its oilsands transport system, as well as high utilization of its bulk petroleum storage assets, for fourth-quarter financial results that beat analyst expectations.