National Business

Canada's biggest wireless network operators suffered a major setback Thursday as the CRTC issued orders that will make it easier for smaller rivals to compete, which in turn will likely reduce costs for mobile phone users.

Delta Air Lines lost $1.2 billion in the first quarter, more than expected, but executives said Thursday that the airline could be profitable by late summer if the budding recovery in air travel continues.

TORONTO — Broad-based optimism lifted Canada's main stock index to a record close on Thursday as U.S. markets also pushed higher on news suggesting a strong recovery from the pandemic slump. The S&P/TSX composite index was up 150.

Alberta Investment Management Corp. has named the former — and often outspoken — head of Canada Mortgage and Housing Corp. as its next chief executive.

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (19,321.92, up 150.26 points.) Royal Bank of Canada (TSX:RY). Financials. Up 68 cents, or 0.58 per cent, to $118.02 on 8.6 million shares.

NEW YORK — After a union battle at an Alabama warehouse, Amazon founder Jeff Bezos acknowledged that Amazon has to do better for its workers and vowed to make Amazon a safer place to work.

A trickle of supply started returning to the country's real estate sector in March, but it did little to cool off heated markets as monthly home sales hit an all-time record, the Canadian Real Estate Association said Thursday.

The vast majority of Black women who are entrepreneurs in Canada say they face significant barriers to financing, including the cost of borrowing, a study has found.

NEW YORK — Bank of America's profits doubled in the first quarter, the bank said Thursday, as the improving economy allowed it to release billions from its loan-loss reserves that it originally set aside in the early days of the pandemic.

NEW YORK — Newly vaccinated and armed with $1,400 stimulus checks, Americans went on a spending spree last month, buying new clothes and going out to eat again. Retail sales surged a seasonally adjusted 9.