National Business

Facebook's Instagram is officially launching its answer to the hit short video app TikTok — Instagram Reels. The new Instagram feature will let users record and edit 15-second videos with audio, and will let users add visual effects.

Canada's trade deficit rebounded sharply in June as the movement of motor vehicles and parts revved up with a resumption of production after months of COVID-19 lockdowns.

Stingray Group Inc. management is optimistic that its global media business will be able to resume rapid growth as the impact of the COVID-19 pandemic fades and new services come out in Canada, the United States and further abroad.

TORONTO — Brookfield Infrastructure lost money to Brazilian exchange rates during the most recent quarter, but executives expressed optimism in 5G tower expansions, government investments in infrastructure, and previous experience seeing projects thr

VANCOUVER — The Real Estate Board of Greater Vancouver says home sales and prices rose in July as more homebuyers took advantage of low interest rates to boost activity.

Canada's two major railways shipped record amounts of grain over the past crop year despite a gauntlet of obstacles. Canadian National Railway Co.

WASHINGTON — The Treasury Department will ramp up the size of the bonds and other securities it auctions across-the-board in the face of the unprecedented borrowing needs of the the U.S. government as cases of COVID-19 surge in parts of the country.

WASHINGTON — The U.S. trade deficit fell in June for the first time since February as exports posted a record increase, rising twice as fast as imports.

TORONTO — Norbord Inc. beat expectations as it swung to an US$18-million profit in the second quarter despite a six-per-cent drop in revenues. The Toronto-based forest products company, which reports in U.S.

LAVAL, Que. — Bausch Health Companies Inc. says it is ending significant legal matters from the Valeant era by agreeing to pay $94 million plus administration costs to resolve a Canadian securities class action.