National Business

VANCOUVER — Canfor Corp. says its results turned positive in the second quarter on a large reversal of a writedown in its lumber operations due to improved demand and prices towards the end of the quarter.

TORONTO — Aecon Group Inc. swung to a loss in the second quarter as some construction projects were slowed by the COVID-19 pandemic and its stake in Bermuda's airport operations was hurt by a suspension of flights.

MONTREAL — The Business Development Bank of Canada says its priorities changed this year due to the COVID-19 pandemic and it shifted to provide more liquidity during the economically challenging time. The BDC says its clients accepted $7.

BANGKOK — Prosecutors in Thailand have dropped all charges against a Thai heir to the Red Bull energy drink fortune who was accused of killing a Bangkok police officer in a 2012 car crash, officials said Friday. Police Lt. Col.

BEIJING — The former chairman of a state-owned real estate company who publicly criticized President Xi Jinping’s handling of the coronavirus pandemic has been expelled from the ruling Communist Party and will be prosecuted on corruption charges, the

Teck Resources Ltd. saw profits fall by 165 per cent last quarter as the COVID-19 pandemic dented demand for its commodities and slashed prices.

TORONTO — Global News is cutting some of its workforce in what it describes as a "significant" restructuring. The Canadian news organization owned by Corus Entertainment Inc.

WASHINGTON — The nation got another dose of bad economic news Thursday as the number of laid-off workers seeking jobless benefits rose last week for the first time since late March, intensifying concerns the resurgent coronavirus is stalling or even

Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (16,018.65, down 152.41) Bombardier Inc. (TSX:BBD.B). Industrials. Down three cents, or 6.19 per cent, to $0.46 on 10.58 million shares.

CALGARY — A sharp decline in North American oilfield activity in the second quarter meant more layoffs, contract terminations and parked drilling rigs, Precision Drilling Corp. reported Thursday. The Calgary-based company reported a net loss of $48.