National Business

Cargojet Inc. shares surged to a record high Thursday after it reported second-quarter revenues soared 65 per cent amid heightened e-commerce driven by work-from-home activity during the COVID-19 lockdowns.

Bausch Health Companies Inc. is planning to spin off its iconic eye care business into an independent publicly traded company, Canada's largest publicly traded pharmaceutical producer said Thursday. The firm, based near Montreal in Laval, Que.

Restaurant Brands International Inc. saw the pandemic take a big bite out of earnings last quarter, with sales down 31 per cent year over year despite a rebound during the past month as commuters return to the roads.

CALGARY — Shares in Canadian Natural Resources Ltd. rose Thursday after it reported record production of synthetic crude oil and lower operating costs at its oilsands mining operations in northern Alberta during the second quarter.

TORONTO — Mall closures and investments in hotels dragged down earnings this spring for Brookfield Property Partners L.P., which on Thursday said it lost money in the second quarter.

TORONTO — Closed schools, stores and movie theatres — and a lack of children's birthday parties — have been just a few of the COVID-19-related challenges for toymaker Spin Master. Toronto-based Spin Master Corp.

Hilton lost $432 million in the second quarter, and occupancy rates began to lift from dismal lows as hotels reopen and coronavirus restrictions were lifted around the world.

TORONTO — Canadian Tire Corp. Ltd.'s latest quarterly report fell short of analyst expectations as it saw revenue fall amid COVID-19 related store closures.

TORONTO — July was a record-breaking month for Toronto real estate sales, as a nearly 17 per cent price spike did not stop homebuyers from making offers. “Sales activity was extremely strong for the first full month of summer.

MONTREAL — Dairy processor Saputo is reporting higher profits and lower revenues in its first quarter as the COVID-19 pandemic upended consumer buying patterns.