National Business

The average asking price for a rental unit in Canada reached $2,178 last month, a 9.9 per cent year-over-year increase and continuing a trend that has seen asking rents hit new highs for six months in a row.

South Korean automaker Hyundai has joined Honda and Toyota in raising factory worker wages after the United Auto Workers union reached new contract agreements with Detroit automakers.

TORONTO — Morningstar Inc. says sustainable investment funds saw $22.4 million in net outflows last quarter for the first dip in the segment since the second quarter of 2020.

TORONTO — Q4 Inc. has agreed to be taken private by a private equity firm in a deal valued at $257 million. Sumeru Equity Partners has agreed to pay $6.05 per share for Q4, which helps companies communicate with shareholders and hold virtual events.

TORONTO — Shares of Dye & Durham Ltd. were up more than 10 per cent in early trading after the company announced Monday that it has launched a strategic review of its non-core assets in an effort to reduce its debt.

LUCKNOW, India (AP) — Rescuers were digging through dirt and parts of a collapsed road tunnel Monday to reach 40 workers trapped by a landslide at the construction project in northern India.

MISSISSAUGA, Ont. — Cargojet Inc. says founder and chief executive Ajay Virmani is stepping down and moving to the role of executive chair at the start of next year.

TORONTO — First Quantum Minerals Ltd. says it has started to reduce ore processing operations at its Cobre Panama mine due to a blockade by small boats at the mine's port as protests against the company's new mining concession agreement continue.

DUBAI, United Arab Emirates (AP) — Long-haul carrier Emirates opened the Dubai Air Show with a $52 billion purchase of Boeing Co.

TORONTO — Five things to watch for in the Canadian business world in the coming week: Sun Life results Insurer Sun Life Financial Inc. will report its third-quarter results after financial markets close Monday.