National Business

TORONTO — Mortgage lender Home Capital Group Inc. has agreed to be bought by Smith Financial Corp. in a deal that values the company at $1.7 billion as the sector feels the strain from rising interest rates and economic uncertainty.

BURBANK, Calif.

ATS Automation Tooling Systems Inc. has changed its name to ATS Corp. ATS CEO Andrew Hider says the new name provides a great platform for the future and serves as the flagship for the company's many operating brands.

SAINT JOHN, N.B. — New Brunswick seafood giant Cooke Inc. says it has completed a C$1.5-billion acquisition of Australian seafood producer Tassal Group Ltd. The parent company of Cooke Aquaculture Inc.

CALGARY — AltaGas Ltd. says chief executive Randy Crawford will retire in the first half of next year. The company says Crawford is expected to remain in his role until a successor is named.

It's the most resilient holiday spending category: Toys. But even toy stores are expected to feel the fallout from inflation during the biggest shopping season of the year. "Holiday spending is going to be muted," retail analyst Bruce Winder said.

TORONTO — Five things to watch for in the Canadian business world in the coming week: Retail trade Statistics Canada is expected to release its retail sales figures for September on Tuesday.

LOS ANGELES (AP) — Elon Musk reinstated Donald Trump’s account on Twitter on Saturday, reversing a ban that has kept the former president off the social media site since a pro-Trump mob attacked the U.S. Capitol on Jan.

BOSTON (AP) — A collection of touching and sometimes prescient personal letters written by a young Bob Dylan to a high school girlfriend has been sold at auction to a renowned Portuguese bookshop for nearly $670,000.

OTTAWA — Decades-high inflation has Canadians worried about the rising cost of living, but as gloomy as things may seem, Canada appears to be faring better than many other major economies.