National Business

CALGARY — Imperial Oil Ltd. expects "double-digit returns" from its $720-million investment to build what will be Canada's largest renewable diesel manufacturing facility at its Strathcona refinery, the oil giant said Tuesday.

VANCOUVER — General Motors Co. has signed a deal to invest US$650 million in Vancouver-based Lithium Americas Corp., the latest move by an automaker to secure raw materials for their push into electric vehicles.

Ontario job seekers are increasingly looking for work in other provinces, especially positions in remote-friendly sectors like tech, said a new report from Indeed. In the second half of 2022, 6.

CALGARY — WestJet says it has temporarily suspended transatlantic service between three Canadian cities and Europe. The airline announced it is pausing transatlantic service between Halifax and Europe as part of its 2023 summer schedule on Monday.

TORONTO — DBRS Morningstar says quick-service restaurants will have an easier time weathering the coming economic storm than full-service restaurants, as rising costs and slowing consumer spending weigh on the already embattled industry.

American consumers are kicking off 2023 slightly less confident than they were at the end of last year as inflation and the possibility of a recession loom. The Conference Board reported Tuesday that its consumer confidence index slipped to 107.

Instead of hopping on a plane to travel, Michael Downie opts for the train. “You have your bedroom, you get three meals a day, and you just look out the window and watch the country go by. You get to experience all of it,” said Downie.

WASHINGTON (AP) — Pay and benefits for America's workers grew at a healthy but more gradual pace in the final three months of 2022, a third straight slowdown, which could help reassure the Federal Reserve that wage gains won't fuel higher inflation .

TORONTO — Aimia Inc. says it has signed a deal to buy rope and net maker Tufropes for $249.6 million. Under the deal, Paladin Private Equity LLC will be Aimia's partner. It will have an option to acquire up to a 19.

WASHINGTON (AP) — The outlook for the global economy is growing slightly brighter as China eases its zero-COVID policies and the world shows surprising resilience in the face of high inflation, elevated interest rates and Russia's ongoing war against