National Business

OTTAWA — The Canada Revenue Agency says 120 people have been fired for claiming a federal COVID-19 benefit while employed there.

OTTAWA — Economists say the latest GDP data from Statistics Canada showing a contraction in the economy suggests the Bank of Canada's rate hiking campaign may be coming to an end.

NEW YORK (AP) — Stocks are opening higher on Wall Street after a closely watched report showed that the job market, while still healthy, has been showing some signs of cooling.

TORONTO — Restaurant Brands International Inc. has received approval from its board of directors to allow it to repurchase up to US$1 billion of its common shares over the next two years. Through the approval, which last until Sept.

EDMONTON — CWB Financial Group reported its third-quarter profit rose compared with a year ago. The Edmonton-based bank says its common shareholders' net income totalled $83.1 million for the quarter ended July 31, up from $70 million a year earlier.

OTTAWA — A new poll suggests nearly half of Canadians are living paycheque to paycheque as the cost of living crisis continues to squeeze household budgets, and young people are more likely to say their finances are in poor shape.

LITTLE ROCK, Ark.

OTTAWA — Prime Minister Justin Trudeau's government is broadening its pushback against the latest U.S. decision to keep imposing duties on Canadian softwood lumber.

British Columbia Premier David Eby has called on the Bank of Canada to halt further interest rate hikes, saying people are "hurting," and another rate increase next month might worsen, and not reduce, inflation.

TORONTO — Intact Financial Corp. in a report Thursday estimated that its catastrophe losses due to wildfires and other weather events totalled about $570 million for the third quarter so far.