National Business

MONTREAL — Two large shareholders of Dorel Industries Inc. say they will vote against a proposal to take the company private despite a move by Cerberus Capital Management LP to raise its offer.

CALGARY — Sagging fuel demand due to lockdowns to deal with a second wave of the COVID-19 pandemic is again cutting into volumes and returns at refineries at Imperial Oil Ltd. after a recovery last fall, CEO Brad Corson said Tuesday.

TORONTO — Brookfield Property Partners LP says it swung to a loss in its latest quarter despite seeing a significant pickup in private real estate investment activity.

TORONTO — Brookfield Infrastructure has signed deals totalling US$4.1 billion to sell Enwave, its North American district energy business.

TORONTO — Canadian regulators have said they will act if they see "abusive" or "manipulative" trading, as Reddit and other social media sites stoke stock mania.

BRAMPTON, Ont. — MDA says it has started work on a replacement for its Radarsat-2 surveillance satellite. The company did not say how much the new project would cost or provide a timeline for a launch.

When Sajeela Siddiqui planned to buy her first home during a pandemic, she looked to move outside of the Greater Toronto Area like so many others in search of more space. But after seeing a bloated market in cities as far as Waterloo, Ont.

TORONTO — Canadian production company Shaftesbury of "Murdoch Mysteries" fame has formed a new strategic partnership with AMC Networks in the U.S., which it says might result in more of its shows winding up on American television.

FRANKFURT — The European economy shrank 0.7% in the last three months of 2020 as businesses were hit by a new round of lockdowns aimed at containing a resurgence of the coronavirus pandemic.

WASHINGTON — President Joe Biden told Republican senators during a two-hour meeting Monday night he's unwilling to settle on an insufficient coronavirus aid package after they pitched their slimmed down $618 billion proposal that's a fraction of the