National Business

KUALA LUMPUR, Malaysia (AP) — Malaysia's prime minister says a total coronavirus lockdown will be imposed in the country, with all business and economic activities to be halted for two weeks to contain a worsening outbreak.

EDMONTON — CWB Financial Group topped expectations as it reported its second-quarter profit rose 40 per cent compared with a year ago.

CALGARY — Calfrac Well Services Ltd. has won its legal battle with a Texas rival that mounted an unsuccessful takeover attempt after the Supreme Court of Canada declined to hear an appeal.

TORONTO — In a victory for large internet and phone companies, Canada's telecommunications regulator has reversed a 2019 decision to drop wholesale internet rates.

OTTAWA — The new CEO and president of the Canada Mortgage and Housing Corp. says she believes achieving the organization's goal of facilitating attainable housing for all Canadians by 2030 will be more difficult because of the pandemic.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (19,774.41, up 28.94 points.) Ivanhoe Mines Ltd. (TSX:IVN). Materials. Up 10 cents, or 1.09 per cent, to $9.28 on 42.8 million shares.

TORONTO — Canada's main stock index inched closer to the historic 20,000-point mark on gains from the energy sector as crude prices rose to a two-and-a-half-year high. The S&P/TSX composite index closed up 28.94 points to 19,774.

OTTAWA — A group of associations representing food producers and retailers has agreed to work together to develop a food industry code of practice, a collaboration one industry insider is calling a "breakthrough" for ensuring a reliable and affordabl

TORONTO — After a year of building up reserves to protect themselves from customers who may default on loans, banks are starting to consider how they might deploy their cash when the COVID-19 pandemic subsides.

TORONTO — The COVID-19 pandemic caused a flurry of consumers to refinance their mortgages as new, low interest rates were offered, but TD Bank Group is seeing signs that the trend is easing up.