National Business

PARIS (AP) — French President Emmanuel Macron said Monday that he heard people’s anger over raising the retirement age from 62 to 64, but insisted that it was needed to keep the pension system afloat as the population ages.

OTTAWA — The country's largest federal public service union says if a deal isn't reached with the federal government by 9 p.m. EDT on Tuesday, it will launch a strike the next day.

MISSISSAUGA, Ont. — Construction company EllisDon says Geoff Smith will step down as president and chief executive in June. The company says he will be replaced by Kieran Hawe, EllisDon’s current chief operating officer, construction.

OTTAWA — Statistics Canada says wholesale sales fell 1.7 per cent to $85.6 billion in February after hitting a record high in January.

TORONTO — Home Capital Group Inc. says its deal to be acquired by Smith Financial Corp. has cleared a key regulatory hurdle.

Magna International Inc. says it will engineer and build electric off-road vehicles for U.K.-based industrial conglomerate Ineos Group Ltd. Aurora, Ont.

TORONTO — Rogers Communications Inc. announced Monday it will relocate around 300 Shaw call centre jobs based overseas to Canada after completing its $26-billion acquisition of the carrier earlier this month. The positions will be located in B.C.

VANCOUVER — The controlling shareholder of Teck Resources Ltd. rejected Glencore's offer to buy the Canadian miner, but says he is open to talking about other possible deals once the company completes its own plan to split its business.

OTTAWA — The federal government is partnering with wireless networking technology company Ericsson Canada to invest more than $470 million in a project that aims to push research and development toward creating 5G and 6G networks.

WASHINGTON (AP) — House Speaker Kevin McCarthy pledged on Monday to pass legislation to raise the nation's debt ceiling — but on condition of capping future federal spending at 1% — as he lashed out at President Joe Biden for refusing to engage in bu