National Business

TORONTO — WE Charity says it has "mutually agreed" to suspend its partnerships after a flood of companies announced they were dropping their support for the embattled organization whose founders faced parliamentary hearings on Tuesday.

TORONTO — Five things to watch for in the Canadian business world in the coming week: George Weston earnings George Weston Ltd. releases its Q2 financial results on Tuesday.

TORONTO — Canadians cannot expect the economy to fully recover from COVID-19 without helping those most affected by the downturn — including women, people of colour, and the LGBTQ+ community, a new report says.

FAIRLESS HILLS, Pa. — Pfizer Inc. reported a 32% plunge in second-quarter profit, mainly due to the global coronavirus pandemic limiting marketing of and new prescriptions for its medicines, even as the drugmaker races to develop a vaccine.

CALGARY — A new report predicts Canadian oilsands production will have its biggest annual decline on record this year, dropping by an average of nearly 175,000 barrels per day due to issues associated with the COVID-19 pandemic.

CALGARY — The Canada Energy Regulator is fining Trans-Northern Pipelines $40,000 for an incident near a commuter train line in Greater Toronto that resulted in damage to a pipeline transporting gasoline.

KUALA LUMPUR, Malaysia — A Malaysian court sentenced former Prime Minister Najib Razak to serve 12 years in prison on Tuesday after finding him guilty in the first of several corruption trials linked to the multibillion-dollar looting of the 1MDB sta

NEW YORK — CES, one of the world’s biggest technology conferences, will be a virtual event in January due to the coronavirus pandemic, a reversal from May when organizers said it would go on as a smaller gathering in Las Vegas.

TORONTO — George Weston Ltd. recorded a $255-million loss in its latest quarter despite boost in revenue as the ongoing COVID-19 pandemic significantly impacted its three operating arms.

CALGARY — The Royal Bank of Canada says it is the first Canadian bank to sign a long-term renewable energy power purchase agreement, a deal which will support development of a 39-megawatt, $70-million solar project in southern Alberta.