National Business

The U.S. monthly budget deficit fell in October as the government collected more taxes from individuals and corporations thanks to a much improved economy emerging from the coronavirus pandemic.

TORONTO — Leon's Furniture Ltd. says it earned a record $63.8 million in its latest quarter, up from $49.1 million a year earlier, as revenue also set a record high.

CALGARY — Drilling activity in the Canadian oilpatch will return to pre-pandemic levels in 2022, according to a new industry forecast.

Tim Hortons has teamed up with pop superstar Justin Bieber to launch three new Timbit flavours — called Timbiebs — along with co-branded merchandise.

CALGARY — Canadian Natural Resources Ltd. (CNRL) says it has reached a deal to acquire Calgary-based oil and gas explorer Storm Resources Ltd. for $6.28 per share, a price that pegs Storm's enterprise value at $960 million.

TORONTO — Lifting COVID-19 restrictions helped one of Canada's most prominent commercial landlords collect more rent in its most recent quarter than at any other point during the pandemic.

OSHAWA, Ont. — General Motors has restarted vehicle production at its Oshawa Assembly Plant after shutting operations down at the end of 2019.

TORONTO — CI Financial Corp. has signed a deal to buy Gofen and Glossberg LLC, a U.S. wealth and investment management firm focused on high-net-worth families. Financial terms of the deal were not immediately available.

Learning a new language as an adult isn't necessarily more difficult than picking it up as a child, some linguistics and phonetics experts say. But it takes a bit more work, they add, and more desire and motivation to learn it.

OTTAWA — The number of insolvencies in Canada in the third quarter edged up compared with the same quarter last year as the number of consumers unable to pay their bills edged higher.