National Business

A BMO Capital Markets senior economist says the Bank of Canada's recent move to increase its key interest rate is setting up the housing market for an even deeper correction next year

CALGARY — Precision Drilling Corp. has signed a deal to buy the Canadian well servicing business of High Arctic Energy Services Inc. for $38.2 million in cash.

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in June slowed compared with May.

BAALBEK, Lebanon (AP) — Lebanon’s renowned Baalbek festival is back, held in front of a live audience for the first time since 2019, despite the country's economic meltdown and the coronavirus pandemic.

NEW YORK (AP) — The Marvel sequel “Thor: Love & Thunder” dropped a hefty 68% in its second weekend of release but still held the top spot at the box office, according to studio estimates Sunday, while the bestseller adaptation “Where the Crawdads

HONG KONG (AP) — Action-packed police thriller “Raging Fire” won best film and three other awards at the Hong Kong Film Awards Sunday, beating out a crowd favorite film about late Cantopop singer Anita Mui.

A Missouri man says in a class-action lawsuit against Bass Pro that the outdoor outfitter is refusing to honor its lifetime warranty on socks

TORONTO — Five things to watch for in the Canadian business world in the coming week: Stock markets Stock markets have been on a wild ride in recent weeks with Canada's main stock index falling to its lowest level in more than a year.

CALGARY — The pressing global need to slash emissions in the face of a growing climate crisis is driving renewed interest in nuclear power — and few places more sothan in Canada's oilsands.

Economists are predicting an even higher reading of inflation for June as energy and food prices crept higher and the economy reopened further. The consumer price index in Canada hit a nearly 40-year high of 7.7 per cent in May