National Business

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.

Uber is offering sign-up bonuses and other incentives for drivers as it faces record demand for rides and meal delivery.

OTTAWA — The Federal Court of Appeal has dismissed an appeal brought by Google Canada, saying its request would only delay a trial about a patent case filed against the search engine company.

CALGARY — In another sign of ongoing Canadian oilpatch consolidation, Tamarack Valley Energy Ltd. says it has agreed to buy private Anegada Oil Corp. for a net $494 million.

TORONTO — BMO Financial Group has signed a deal to sell its asset management business in Europe, the Middle East and Africa (EMEA) to Ameriprise Financial Inc. for $1.09 billion.

BERLIN — The head of Chancellor Angela Merkel's party, Armin Laschet, on Monday rallied his party's leadership behind his bid to become the centre -right candidate to be Germany's next leader.

MILAN — A year after being postponed by the COVID-19 pandemic, the Venice Biennale for architecture will open on May 22 for a six-month run under strict virus protocols, officials said Monday.