President-elect Joe Biden will unveil his economic team next week, and his transition staff said it’s now getting “extraordinary cooperation” from civil servants in the Trump administration.

The country's chief public health officer is advising Canadians that to limit the spread of COVID-19, they should go out only for essentials.

She's appealing to the 27 EU member countries to urgently prepare logistical chains to handle the rollout of hundreds of millions of vaccine doses.

Oil held onto eight-month highs after a surprise decline in U.S. crude supplies added to optimism that breakthroughs on a COVID-19 vaccine and an impending rollout will kickstart a strong rebound in demand next year.

CAE Inc. has signed a deal with Textron to buy TRU Simulation + Training Canada Inc. for US$40 million.

Europe’s airlines will struggle more than competitors elsewhere to end losses next year as they’re held back by higher expenses and their dependence on international routes, according to the International Air Transport Association.

As a record amount of venture capital flows into the fintech industry, female entrepreneurs are lagging behind their male counterparts in attracting funding.

The U.K. will spend 250 million pounds (US$333 million) to diversify its sources of 5G wireless equipment after banning China’s Huawei Technologies Co. from supplying the next-generation technology.

People in Halifax are bracing for a series of tougher restrictions as the city deals with a rise in COVID-19 infections.

U.S. household spending rose more than expected in October while incomes declined, indicating consumers may have less wherewithal to keep driving the economy amid a surging coronavirus and lack of fresh government aid.

BRP Inc. topped expectations as it reported its third-quarter profit rose compared with a year ago and raised its guidance for its full financial year.

The rapid rally in electric vehicle stocks that helped double the market value of some companies within a week, came to a halt on Wednesday.

Chinese President Xi Jinping is congratulating U.S. President-elect Joe Biden and expressing hope for "win-win co-operation" amid conflicts over trade, technology and security that plunged relations to their lowest level in decades.

U.S. retailers are so far winning the battle to keep open stores that don’t sell “essential goods” as a resurgent coronavirus brings new restrictions, a contrast from the early days of the pandemic that caused so much economic pain.

Victoria’s Secret announced a new head of its lingerie business as the company prepares to separate from sister brand Bath & Body Works, replacing John Mehas less than two years after he took the role.

Applications for U.S. state unemployment benefits unexpectedly rose for a second straight week in the first back-to-back increase since July.