National Business

MONTREAL — Canadian airlines are slashing their flight schedules as the COVID-19 pandemic continues to wreak havoc on air industry plans and profits. Transat A.T. is nixing nearly 30 per cent of its flights for the next two months.

MOSCOW (AP) — Security forces in Kazakhstan killed dozens of protesters and 12 police officers died in an eruption of violence that saw demonstrators storm government buildings and set them on fire, authorities said Thursday.

TORONTO — Ten years ago, it would've been unthinkable that vinyl records could soften the decline of Canadian music sales, but a new industry roundup says renewed popularity in the physical discs did just that in 2021.

TORONTO — There’s no avoiding maintenance fees if you buy a condo, but there are ways to reduce the risk of nasty surprises down the road.

OTTAWA — Canada's merchandise trade surplus rose to $3.1 billion in November, despite the disruptions caused by flooding and landslides in B.C., Statistics Canada said Thursday. The agency said the result compared with a revised surplus of $2.

TORONTO — Cineplex Inc. says it has temporarily laid off nearly 5,000 part-time employees because of mandated closures of its Ontario movie theatres to tackle the surge of the Omicron variant.

NEW YORK (AP) — New data from the music industry confirms what a lot of people long suspected — 2021 was a very good year for Morgan Wallen, Adele and vinyl.

WASHINGTON (AP) — The U.S. trade deficit surged to a near-record high of $80.2 billion in November as exports slowed at the same time that imports jumped sharply. The November deficit was 19.3% higher than the October deficit of $67.

WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose last week but remained at historically low levels, suggesting that the job market remains strong. U.S. jobless claims rose by 7,000 last week to 207,000.

HAMILTON — Stelco Holdings Inc. says its steel shipments in the fourth quarter of last year were below its guidance as it was hurt by production and logistics challenges and the emergence of the Omicron variant of COVID-19.