National Business

TORONTO — Winter is coming and this year the forecast includes more salary freezes because of COVID-19. Human resources consulting firm Morneau Shepell says 13 per cent of the 889 organizations it monitors say they plan to freeze salaries in 2021.

Iconic suit and dress shirt clothier Brooks Brothers Canada Ltd. has cleared a hurdle to join its American retail counterpart in U.S. bankruptcy court, paving the way for its sale to a U.S. joint venture.

Cleveland-Cliffs is making its second billion-dollar acquisition in less than a year with the purchase of steel maker ArcelorMittal's U.S. business for about $1.4 billion in cash and stock.

Ford Motor Company of Canada, Ltd. says its workers represented by Unifor have voted in favour of a new contract that runs through 2023. The deal, which was announced by Unifor last week, includes a $1.

TORONTO — Canada’s economy was headed for slowing growth in the next decade even if COVID-19 had never hit, according to a new report by Deloitte Canada.

BRUSSELS — Britain entered a crucial week of post-Brexit talks with the European Union on Monday by rejecting the EU’s demand that it drop plans to breach the legally binding agreement it signed on its departure from the bloc.

TORONTO — Canadian miner Lundin Mining Corp. says it will hold safety stand-downs at all of its operations over the coming days to allow staff to reflect on a fatal accident Friday at its Neves-Corvo Mine in Portugal.

TORONTO — A large majority of Canadians are reluctant to do business with companies that suffer a data breach, according to a new study released Monday by KPMG..

OTTAWA — Statistics Canada recorded 56,296 business closures in June, an improvement from May but still 44 per cent more than in February before the COVID-19 pandemic struck in force in Canada. The number of business closures in June was down 5.

WASHINGTON — The solid growth that the United States enjoyed before the viral pandemic paralyzed the economy this spring failed to reduce racial disparities in Americans' income and wealth from 2016 through 2019, according to a Federal Reserve report