National Business

DETROIT — An announcement by General Motors that it would invest more than $1 billion at a Mexican factory that will build electric vehicles has angered the United Auto Workers union.

FRANKFURT — Europe's economy shrank 0.

WASHINGTON — Wages and benefits grew quickly for U.S. workers in the first three months of the year, a sign that businesses are starting to offer higher pay to fill newly-opened jobs. U.S. workers’ total compensation rose 0.

MONTREAL — Bell has signed a deal to buy the promoter of the Formula 1 Canadian Grand Prix in a move it says will bring financial stability to the race. Financial terms of the agreement for Montreal's Octane Racing Group Inc.

Economists say the Canadian dollar is at a 'sweet-spot' after rising for seven straight days to top 81 cents US, a point where it benefits consumers but doesn't hurt businesses too much. The loonie traded for 81.

TORONTO — A group of small business owners and advocates says Ontario's recently announced paid sick leave plan is "inadequate and unfair" for small businesses.

TORONTO — Fairfax Financial Holdings Ltd. says it swung to an US$806-million profit attributable to shareholders in the first quarter on an increase in premiums as it donates millions of dollars to help India deal with increase in COVID-19 cases.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (19,255.92, down 101.03 points.) Royal Bank of Canada. (TSX:RY). Financials. Up 37 cents, or 0.31 per cent, to $118.11 on 9.

CALGARY — Baytex Energy Corp. is increasing its 2021 capital budget and production guidance as it reports a smaller first-quarter net loss due to strengthening crude oil prices.

TORONTO — A supportive environment bolstered U.S. stock markets and Canada's main stock index dipped on lower metals prices, while the loonie increased for a seventh-straight day to top 81 cents US. "Strong U.S.