National Business

SANTA FE, N.M. — New Mexico Gov. Michelle Lujan Grisham signed legislation Monday legalizing recreational marijuana use within months and kicking off sales next year, making it the seventh state since November to put an end to pot prohibition.

WASHINGTON — President Joe Biden wants Congress to know he's sincere about cutting a deal on infrastructure, but Republican lawmakers have deep-seated doubts about the scope of his proposed package, its tax hikes and Biden's premise that this is an i

Microsoft, on an accelerated growth push, is buying speech recognition company Nuance in a deal worth about $16 billion.

EDMONTON — The Speaker of the Alberta legislature is apologizing for publicly condemning the government’s new COVID-19 health restrictions.

TORONTO — Canada's main stock index closed lower as weakness in base metals and cannabis companies offset gains in the financials and consumer discretionary sectors on Monday. The S&P/TSX composite index was down 26.75 points at 19,201.

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (19,201.28, down 26.75 points.) Toronto-Dominion Bank (TSX:TD). Financials. Up 72 cents, or 0.87 per cent, to $83.60 on 13.

Canada's second-largest grocery retailer is reinstating a lockdown bonus for workers in areas with renewed stay-at-home orders, yet it's unclear whether competitors will follow suit. Sobeys Inc. said Monday the pay bump is "the right thing to do.

CALGARY — GreenFirst Forest Products Inc. says it has struck a deal to buy six lumber mills in Ontario and Quebec and a newsprint mill in Kapuskasing, Ont., for about US$214 million from subsidiaries of Rayonier Advanced Materials Inc.

OTTAWA — Canadian household spending will eclipse earnings in the coming months as vaccinations increase and uncertainty from the pandemic recedes, the Bank of Canada said in a report released Monday.

TORONTO — The COVID-19 pandemic is affecting retail investors differently, with most trying to endure the hardship and uncertainty, according to a study by Ontario's securities regulator.