National Business

Metro Inc.'s chief executive says despite increasing competition in the discount grocery space, he thinks the retailer is well positioned to continue meeting demand for lower prices while also setting its conventional banners up for success.

TORONTO — Canada Pension Plan Investment Board says it earned a net return of 1.0 per cent in its first quarter, helped by its investments in public equities and across private asset classes.

PENTICTON, B.C.

WEST VANCOUVER, B.C. — Councillors in the District of West Vancouver, B.C.

The town of Jasper says early numbers indicate last month’s wildfires destroyed $283 million worth of property.

HALIFAX — Chorus Aviation Inc. says it lost $180.6 million in its second quarter, down from profits of $20.3 million during the same quarter last year.

MISSISSAUGA, Ont. — Cargojet Inc. reported a $25-million loss in the second quarter, down from a profit of $31.1 million a year earlier. The Mississauga-based air freight and plane leasing company says its revenues totalled $230.

EDMONTON — AutoCanada Inc. says it has found a cybersecurity breach of its systems that could disrupt operations as it also reported a financial loss for the second quarter because of a separate cybersecurity incident.

TORONTO — Canada's main stock index gained almost one per cent on Tuesday, boosted by financial and technology stocks, while U.S. stock markets also climbed higher, led by a 2.4-per-cent gain on the Nasdaq.

Canada's telecommunications regulator is expanding a decision that allows smaller internet providers to use rivals' fibre networks to offer their services to customers.