National Business

BOSTON (AP) — Navient, a major student loan collecting company, agreed to cancel $1.7 billion in debt owed by more than 66,000 borrowers across the U.S. and pay over $140 million in other penalties to settle allegations of abusive lending practices.

CALGARY — Canadian food processors hard-hit by labour shortages are asking the federal government for emergency access to more temporary foreign workers.

OTTAWA — Many Canadians put aside time early in the new year for a review of their finances and experts say a look at your will should be a part of the process in order to insure your estate plans are up to date.

TORONTO — Cannabis companies are listing cultivation facilities, pot shops and warehouses for sale as the industry tries to streamline production and better align its capabilities with demand.

MONTREAL — Dairy giant Saputo Inc. says Kai Bockmann is stepping down as the company's president and chief operating officer ahead of his retirement this March.

WASHINGTON (AP) — The number of Americans applying for unemployment benefits rose last week to the highest level since mid-November, but still low by historic standards. U.S.

TORONTO — Corus Entertainment Inc. reported its first-quarter profit edged lower compared with a year ago as its revenue grew 10 per cent. The television and radio broadcaster says it earned net income attributable to shareholders of nearly $76.

SANTA FE, N.M.

MONTREAL — The federal government is backing down from its vaccine mandate for Canadian truckers three days before it was set to take effect.

CHICAGO (AP) — Students in the nation's third-largest school district returned to classrooms Wednesday after Chicago Public Schools canceled five days of classes amid a standoff with the teachers' union over COVID-19 safety protocols .