Business

North American lumber prices are set to surge in the next couple of years amid a tightened supply from Canada as the U.S. housing market continues to strengthen after years of weakness, a new CIBC report predicts.

Dollarama Inc. is expanding faster than initially planned by increasing the number of new store openings this year to take advantage of a mall construction boom in Canada.

Statistics Canada says tuition fees for full-time students in undergraduate programs are five per cent higher for the academic year starting this fall than a year ago. That comes on top of a 4.3 per cent increase for the 2011-2012 school year.

The U.S. Department of Justice is asking MacDonald, Dettwiler and Associates to shed some more light on its $875-million takeover bid for California-based Space Systems/Loral Inc.

Mason Capital Management LLC says it will appeal a B.C. court decision that blocks it from holding a shareholders meeting for investors with voting stock in Telus Corp., a move that rivals the company's own plans for a meeting. Telus Corp.

SouthGobi Resources has dumped president and CEO Alexander Molyneux and named Ross Tromans, former GM of marketing at Rio Tinto Coal Australia, to replace him.

Apple device to go on sale Sept. 21; swift worldwide release to follow

$20-million project proceeding on CFB Esquimalt's busy main road

Artisan distillers could sell direct, cut markup by distribution branch

Spanish energy company Repsol isn't denying a report it has received multiple offers for its liquefied natural gas business, which includes a 75 per cent stake in a New Brunswick plant.