National Business

OTTAWA — Canada's financial watchdog says Canaccord Genuity Corp. has paid a $544,500 fine after a compliance examination in 2023.

TORONTO — Ontario's financial services regulator should be more active on the issue of rising home insurance rates because of extreme weather, says a complaint filed Thursday.

NEW YORK (AP) — U.S. stocks climbed further into record heights after a report showed the U.S. job market looks stronger than Wall Street expected. The S&P 500 rose 0.8% Thursday and set an all-time high for the fourth time in five days.

OTTAWA — The C.D. Howe Institute predicts Ottawa's recently announced spending plans — which include a much bigger defence budget — will drive its deficits markedly higher in the coming years.

WASHINGTON (AP) — The U.S. labor market delivered another upside surprise last month, churning out a surprisingly strong 147,000 jobs . The unemployment rate ticked down unexpectedly, too. But the headline numbers masked some weaknesses as the U.S.

TORONTO — Investment firm AGF Management Ltd. says Kevin McCreadie, the firm’s chief executive officer and chief investment officer, has died. He was 64.

Vancouver-area home sales decreased 9.8 per cent in June but the city's real estate board says that could signal a potential recovery after larger year-over-year declines in previous months.

TORONTO — DesRosiers Automotive Consultants says June vehicle sales were up from a year earlier but still showed declining momentum. The consultancy says it estimates there were 178,000 light vehicle sales in the month, up 5.

CALGARY — Trican Well Service Ltd. has signed a deal to buy Iron Horse Energy Services, a privately owned oilfield services provider. Under the deal, the company will pay $77.35 million in cash and 33.

CALGARY — Tidewater Midstream and Infrastructure Ltd. has signed a deal to sell its Sylvan Lake gas processing facility to Parallax Energy Operating Inc. for $5.5 million. The company says the facility is a non-core asset located in central Alberta.