National Business

Canada's main stock index nudged slightly higher Thursday as investors took a "wait and see" approach in advance of highly anticipated new employment data coming Friday.

OTTAWA — Statistics Canada expects to release its labour force survey for July on Friday. The federal agency previously reported the unemployment rate hit a record-low of 4.9 per cent in June.

TORONTO — The Canadian real estate sector might not be a buyers' market quite yet, but a shift away from the rapid price increases of the past few years is well underway with home sales in both the Greater Toronto and Vancouver Areas dropping signifi

MISSISSAUGA, Ont. — Maple Leaf Foods Inc. saw its share price drop as much as 18 per cent on the Toronto Stock Exchange after it said challenges in labour markets, supply chains and inflation pushed it to a net loss for the second quarter.

TORONTO — Sun Life Financial Inc. has reached a deal to sell a U.K.-based division of the company to Phoenix Group Holdings PLC for about $385 million as part of a shift to make the company more nimble.

CALGARY — The head of Canada's largest oil-and-gas producing company criticized the federal government's proposed emissions cap for the energy sector Thursday, arguing environmental goals must be balanced with economic and energy security concerns.

TORONTO — The CEO of Tim Hortons' parent company says the quick service chain generated sales in its latest quarter above pre-pandemic levels for the first time since the onset of COVID-19, but the business is still being affected by a slower return

The CEO of software company Lightspeed Commerce. Inc. says his business has benefited from a return to pre-pandemic activities and shopping habits following COVID-19 restrictions, but he's still watching for a potential downturn.

LONDON (AP) — The Bank of England announced its biggest interest rate increase in 27 years on Thursday as it forecast that the war in Ukraine would fuel further inflation and tip the U.K. economy into a prolonged recession.

MONTREAL — The Quebec Professional Association of Real Estate Brokers says Montreal sales in July fell by 18 per cent last year, with the plexes category alone seeing a 38 per cent drop.