National Business

BEIJING — The former chairman of a state-owned real estate company who publicly criticized President Xi Jinping’s handling of the coronavirus pandemic was sentenced to 18 years in prison on Tuesday on corruption charges, a court announced.

TORONTO — Friends of Canadian Broadcasting is calling on Parliament to restrain social media platforms from distributing harmful or hateful content by applying the same laws that publishers and broadcasters already face.

MONTREAL — DavidsTea Inc. swung to a $2.6-million profit in its latest quarter despite a 41 per cent decrease in sales during the COVID-19 store closings.

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (15,981.77, down 217.20 points.) Canadian Natural Resources (TSX:CNQ). Down $1.07, or 4.62 per cent, to $22.09 on 20.2 million shares.

TORONTO — Canada's main stock index appeared headed to its worst day in more than three months on Monday until it experienced a late partial recovery from fears of another COVID-19 economic shutdown.

OTTAWA — Prices of new homes jumped half a per cent in August, the biggest one-month increase since May 2017, Statistics Canada said on Monday.

Canada's housing market experienced overvaluation in some pockets of the country in the spring amid the COVID-19 pandemic, Canada Mortgage and Housing Corp. said in a new report released on Monday.

WASHINGTON — Americans' household wealth rebounded last quarter to a record high as the stock market quickly recovered from a pandemic-induced plunge in March.

The head of Canada’s largest manufacturer of tissue products says he’s concerned about the industry’s supply of paper towel ahead of a potential second wave of COVID-19.

FRANKFURT — Shares in electric and hydrogen-powered truck startup Nikola plunged on Monday after the company's founder resigned amid allegations of fraud - just two weeks after signing a $2 billion partnership with General Motors.