National Business

TORONTO — Canada's main stock index started the trading week on a continued down note as the energy and industrials sectors fell on renewed worries about the latest COVID-19 variant and impending decisions by the U.S. Federal Reserve.

SACRAMENTO, Calif.

TORONTO — Canada's trucking industry wants the federal government and the U.S. to exempt their workers from forthcoming vaccination mandates, but health experts say the proposal is problematic.

Ottawa has announced plans to hold a national summit early next year to examine the country's supply chain and seek ways to deal with the bottlenecks and other problems facing the system.

WASHINGTON (AP) — The Biden administration released an ambitious federal strategy Monday to build 500,000 charging stations for electric vehicles across the country and bring down the cost of electric cars with the goal of transforming the U.S.

John Legend's newest project brings him into the book business.

NEW YORK — Pfizer is spending $6.7 billion to buy a drugmaker that is developing treatments for inflammatory conditions like Chrohn’s disease but has no products on the market.

TORONTO — Shares of Noront Resources Ltd. gained nearly 50 per cent in early trading after Wyloo Metals Pty Ltd. raised its offer for the company in its takeover fight with BHP. Wyloo says it is now offering $1.

MONTREAL — Gildan Activewear Inc. has signed a deal to buy Phoenix Sanford LLC, the parent company of Frontier Yarns, for US$168 million. Frontier is a producer of cotton, polyester and cotton blend yarns.

CALGARY — Suncor Energy Inc. says it expects its production next year to rise about five per cent compared with 2021. The Calgary-based company says it expects production next year to be 750,000 to 790,000 barrels of oil equivalent per day.