National Business

TORONTO — The average asking price for a rental unit in Canada reached a record $2,042 last month amid continued interest rate hikes and population expansion, according to a new report by Rentals.ca and Urbanation.

This week, the Bank of Canada hiked interest rates yet again, raising its key interest rate by a quarter of a percentage point to 5 per cent, and the prime rate to 7.2 per cent.

MONTREAL — Magic mushroom stores are opening illegally across Canada, challenging the country's drug laws, but experts say the illicit vendors are unlikely to radically advance acceptance of the hallucinogenic fungi among authorities — or the public.

HALIFAX — The lore in the Hart household was as rich as the ice cream served every day. After joining his family's creamery business, the story goes, Bruce Hart travelled from Nova Scotia to the U.S. to attend 'Ice Cream University.

LOS ANGELES (AP) — The union representing film and television actors says no deal has been reached with studios and streaming services and its leadership will vote on whether to strike on Thursday.

TORONTO — Corus Entertainment Inc. says it has signed a deal to sell its Montreal-based animation software subsidiary Toon Boom Animation Inc. to Integrated Media Company (IMC) for $147.5 million in cash.

Six brands of caffeinated drinks have been recalled in Canada, including a popular energy beverage being promoted by social media influencers.

TORONTO — Barrick Gold Corp. says it is on track to achieve its full-year copper and gold guidance after it sold one million ounces of gold and 101 million pounds of copper in the second quarter, based on its preliminary results.

TORONTO — A report by Royal LePage says the average home price in Canada in the second quarter edged lower compared with a year ago. The firm's house price survey says the aggregate price of a home in Canada was down 0.

LONDON (AP) — There’s no evidence a BBC presenter who allegedly paid a teenager for sexually explicit photos committed a crime, London police said Wednesday as the broadcaster's wife publicly identified him for the first time as veteran news anchor H