National Business

TORONTO — Homebuyers in the Greater Toronto Area better prepare to spend more than they ever have before.

TORONTO — Scotiabank is renewing its lease at Scotia Plaza in downtown Toronto's financial core, but will be vacating the space at the top of complex's office tower for the first time since the building's construction.

CALGARY — Canadian Pacific Railway Ltd. says it moved a record amount of grain in January. CP Rail says it carried 2.

CALGARY — Cathedral Energy Services Ltd. says industry veteran Tom Connors has been tapped to replace president and CEO Scott MacFarlane next month as he retires from the Calgary-based directional and horizontal drilling company.

TOKYO — Japanese telecommunications and technology conglomerate Softbank Group Corp. reported Monday a whopping 1.17 trillion yen ($11 billion) profit for the October-December quarter as its investments rose in value.

CALGARY — Shares in Paramount Resources Ltd. are on the rise after it reported oil and gas production that beat its own guidance and announced it had sold non-core assets for $80 million.

LOS ANGELES — In the year since the helicopter carrying Kobe Bryant crashed into a hillside on a foggy morning, killing all nine aboard, there’s been plenty of finger-pointing over the cause of the tragedy. Bryant’s widow blamed the pilot.

VANCOUVER — Well Health Technologies Corp. has signed a deal to buy CRH Medical Corp. for US$292.7 million. Under the agreement, Well Health will pay US$4 per share for the Vancouver-based company.

ROME — Pope Francis urged governments on Monday to use the coronavirus crisis as a revolutionary opportunity to create a world that is more economically and environmentally just — and where basic health care is guaranteed for all.

CANBERRA, Australia — The Australian prime minister on Monday dismissed as “speculative” reports that a Chinese company plans to build a new industrial island city near Australia’s porous sea border with Papua New Guinea.