National Business

VANCOUVER — Equinox Gold Corp. has signed a friendly agreement to acquire Premier Gold Mines Ltd. which will spin out its Nevada assets in a new U.S.-focused gold miner to be called i-80 Gold Corp.

OTTAWA — Canada's national annual inflation rate was 1.0 per cent in November, Statistics Canada says.

OTTAWA — Canada's national annual inflation rate was 1.0 per cent in November, Statistics Canada says. Here's what happened in the provinces (previous month in brackets): — Newfoundland and Labrador: 0.8 per cent (0.6) — Prince Edward Island: -0.

OTTAWA — Statistics Canada says wholesales sales rose 1.0 per cent in October to $66.7 billion, marking the sixth consecutive increase for the sector. Economists had expected an increase of 0.

TORONTO — Canada Pension Plan Investment Board has acquired the Trafford Centre in Britain after the shopping mall's owner failed to find a buyer.

Aurora Cannabis says it is laying off 214 workers and its chief science officer is retiring, the latest of a series of cuts to hit the Edmonton-based cannabis company.

WASHINGTON — President-elect Joe Biden nominated his former rival Pete Buttigieg as secretary of transportation on Tuesday and intends to choose former Michigan Gov. Jennifer Granholm as his energy secretary.

Shares of Eli Lilly climbed Tuesday after the drugmaker laid out a better-than-expected revenue forecast and plans to buy a young company developing a potential Parkinson’s disease treatment.

MONTREAL — The CEO of candy retailer Squish is taking over from her father as head of insolvent tea company DavidsTea.

The Canadian Real Estate Association expects the national average home price will rise 9.1 per cent to $620,400 in 2021, in one of the most optimistic forecasts yet for the real estate sector.