National Business

Stocks closed with mixed results on Wall Street after some late-day selling. The S&P 500 was essentially flat after giving up an earlier gain of nearly 1%. The Nasdaq fell 0.

FREDERICTON — The New Brunswick government revealed Thursday that it expects to spend more than it collects in revenue in the 2024-25 fiscal year as it scrambles to cover health-care expenses, including the high cost of travel nurses.

TORONTO — Onex Corp. says it has signed a deal to buy Farsound Aviation Ltd., a British company specialized in supplying aircraft parts for engine maintenance and repairs.

WARSAW, Poland (AP) — Poland's electoral authority said Thursday that the former governing nationalist conservative party violated campaign funding rules in the 2023 parliamentary vote, and imposed a penalty worth millions of dollars that would under

QUÉBEC — The Michelin Guide is on a quest to find culinary gems in Quebec. The prestigious restaurant guide says its anonymous inspectors are scouring the province for Michelin star-worthy eateries and will reveal their selections in 2025.

DUBAI, United Arab Emirates (AP) — Yemen's Houthi rebels released footage Thursday showing that they boarded and intentionally set explosives aboard a Greek-flagged tanker that had been abandoned after they repeatedly attacked it, putting the Red Sea

CALGARY — Shares of Parex Resources Inc. were down nearly 30 per cent in early trading after the company cut its production guidance for the year and said its chief financial officer was leaving to pursue another opportunity.

TORONTO — Canadian Imperial Bank of Commerce reported its third-quarter profit rose compared with a year ago as it set aside less money for bad loans, bucking a trend seen this quarter among other banks. CIBC said Thursday its net income totalled $1.

HONG KONG (AP) — A Hong Kong court convicted two former editors of a shuttered news outlet on Thursday, in a sedition case widely seen as a barometer for the future of media freedoms in a city once hailed as a bastion of free press in Asia.

NEW YORK (AP) — Best Buy, the nation’s largest consumer electronics chain, on Thursday reported another quarterly drop in sales due to Americans pulling back on purchases of appliances and consumer-electronics gadgets to focus on essentials.