National Business

Insurance experts say consumers can expect more companies to introduce exclusions around COVID-19 after Desjardins dropped liability and property damage coverage related to communicable diseases.

CALGARY — Shares in fertilizer manufacturer Nutrien Ltd. rose Tuesday after it increased its annual earnings guidance based on rising sales expectations as its farm customers loosen purse strings in view of multi-year high crop prices.

MONTREAL — Bombardier Inc. says it plans to sell 11.5 million shares in Alstom S.A. that it obtained in January with the sale of its railway business to the French company. The Montreal-based maker of business jets says it will sell its entire 3.

TORONTO — RioCan Real Estate Investment Trust is seeing demand for commercial leasing opportunities, even after the COVID-19 pandemic pushed many Canadian businesses to close both temporarily and permanently.

FORT MILL, S.C. — Domtar Inc. shares surged to a near two-year high after the pulp and paper producer acknowledged it's in talks with B.C.'s Paper Excellence about a possible merger or sale of the company.

MILAN — Italian luxury sportscar maker Ferrari announced Tuesday that it won’t hit 2022 financial targets due to the impact of the coronavirus pandemic, despite a strong rebound in the first quarter of 2021.

WASHINGTON — The U.S. trade deficit surged to a record $74.4 billion in March as an improving U.S. economy drove purchases of imported foreign goods.

CALGARY — ConocoPhillips plans to sell its roughly 10 per cent stake in Cenovus Energy Inc. as part of a plan to pay for a repurchase of its own shares. The U.S.

TORONTO — Canadian auto sales in April were up 254 per cent compared with the same month last year, when sales plunged due to lockdowns in the early stages of the COVID-19 pandemic.

OTTAWA — Canada posted a merchandise trade deficit of $1.1 billion in March as imports climbed to their highest level since May 2019.