National Business

CALGARY — The acquisition of a 17.6 per cent stake in Calgary oil and gas producer NuVista Energy Ltd. by rival Paramount Resources Ltd. is part of a trend toward "forced" consolidation in the troubled Canadian energy sector, analysts say.

WASHINGTON — U.S. consumer spending slowed in August and personal income fell as a $600 weekly benefit for Americans who are unemployed during the pandemic expired.

DETROIT — On his first day in Ford's top job, CEO Jim Farley is replacing the company's chief financial officer and announcing other structural and management changes. The company says Thursday that Chief Financial Officer Tim Stone is leaving Oct.

SILVER SPRING, Md. — U.S manufacturing grew at a slightly slower pace last month, continuing to rebound from spring's coronavirus recession.

Before graduating with a double master’s in information and museum studies from the University of Toronto in June, Elizabeth Cytko was gearing up to apply to jobs at libraries and institutions across the country.

WASHINGTON — U.S. construction spending increased 1.4% in August, led by a surge in single-family homes. The gain was double the 0.

HALIFAX — When Mark Butler needed a new gasket for his coffee maker, he hopped on his bike and rode to the Mountain Equipment Co-op store in Halifax. "The guy just said, 'We don't carry them,'" Butler said.

BRUSSELS — The European Union took legal action against Britain on Thursday over its plans to pass legislation that would breach parts of the legally binding divorce agreement the two sides reached late last year.

HALIFAX — Three Mi'kmaq parliamentarians say Ottawa should create a co-managed Indigenous fishery off Nova Scotia as a long-term solution to conflicts between First Nations and non-Indigenous fishers in the lobster harvest.

CALGARY — TransAlta Corp. and its partner, Tidewater Midstream & Infrastructure Ltd. have signed a new deal to sell the Pioneer Pipeline to Atco Gas and Pipelines Ltd.