National Business

TORONTO — Ontario is on track for years of post-pandemic deficits unless the government hikes taxes or cuts services, the province's fiscal watchdog said in a new report Thursday.

Amid the grim backdrop of COVID-19 fatalities, Canadian insurers have also found some consumers have an increased interest in life and health insurance.

TORONTO — The head of Cineplex Inc. is ready to turn Canada's multiplexes into temporary COVID-19 vaccination sites.

Aurora Cannabis Inc.'s chief executive says his company is back on track for success, after spending last year fixated on a dramatic restructuring involving hundreds of layoffs and several facility closures.

VANCOUVER — The latest round of applications is now open under a $100-million fund aimed at cleaning dormant oil and gas wells in British Columbia. B.C.

Telus Corp. hinted at the future of its health and agriculture ventures on Thursday, as well as its plans for dividends.

TORONTO — Canada's main stock index fell for the first time in February as frenzied buying in the cannabis sector strongly reversed course. The S&P/TSX composite index slipped for the first time in nine sessions and closed down 64.

MONTREAL — Molson Coors Brewing Co. is betting that strong pent-up demand for live sports and entertainment and the growth of e-commerce sales will buoy the beer giant once the economy reopens post-pandemic.

WASHINGTON — President Joe Biden is hoping that launching an effort to build roads and bridges can help to unite Democrats and Republicans in a time of sharp partisan divisions.

MONTREAL — Domtar Corp. reported a fourth-quarter loss of US$59 million compared with a loss of US$34 million in the same quarter a year earlier. The pulp and paper company, which keeps its books in U.S. dollars, says the loss amounted to US$1.