National Business

CALGARY — The CEO of wood pellet maker Peak Renewables says deals to buy forest tenure and mill assets in the Fort Nelson area of northeastern B.C. from Canfor Corp. are part of its plan to build a new 600,000-tonne-per-year pellet plant there.

MONTREAL — Metro Inc., one of the country's top three grocery retailers, is expediting its push into online food ordering and home delivery, as e-commerce grocery sales continue to beat expectations.

TORONTO — Rogers Sports and Media is cancelling its Breakfast Television shows in Calgary and Vancouver, making adjustments to some local radio operations and laying off an unspecified number of staff.

TORONTO — One of the U.K.'s oldest insurance companies is getting two new owners and one of them is Canadian.

After nearly two years and a pair of deadly crashes, the U.S. Federal Aviation Administration has cleared Boeing’s 737 Max for flight.

CALGARY — Consumers in the Markham area of southern Ontario will soon be receiving a little hydrogen to go with the natural gas they use to fuel their furnaces and hot water heaters. Enbridge Gas and partner Cummins Inc.

TORONTO — Media studies researcher Andrea Benoit is the winner of this year's National Business Book Award. The doctoral candidate at Western University received the $30,000 honour for her look at corporate philanthropy in the cosmetics industry.

CHARLOTTE, N.C. — Home construction rose 4.9% in October as home building remains as one of the bright spots of the economy. The increase pushed home construction to a seasonally adjusted annual rate of 1.

Lowe's sales surged in the third quarter more people took on projects at home during the epidemic. Shares, however, slumped 6% Wednesday on an outlook that some saw as pessimistic. Revenue increased to $22.3 billion from $17.4 billion a year ago.

NEW YORK — Target is the latest big box U.S. retailer to show that it's prospering during the pandemic. The Minneapolis company reported Wednesday that its online sales surged 155% in the three months that ended Oct. 31.