National Business

A potential strike looms as contract talks carry on between Air Canada and the union representing 10,000 of its flight attendants. The outcome of negotiations this week could be critical for summer travellers worried about their upcoming flights.

NEW YORK (AP) — U.S. stocks slipped below their record heights as Wall Street waits for an upcoming update on inflation. The S&P 500 fell 0.2% Monday and is just below its all-time high set two weeks ago.

OTTAWA — The Ottawa Senators are one step closer to having a new arena in the city's downtown core. The Senators and the National Capital Commission have agreed on the sale of 4.5 hectares (11 acres) of land at LeBreton Flats for the project.

Explosions at a U.S. Steel plant near Pittsburgh left one dead and dozens injured or trapped under the rubble Monday, with emergency workers on site trying to rescue victims, officials said.

TORONTO — The real estate investment arm of one of the country's largest pension funds is worried about the value of its assets if a B.C. billionaire is able to buy Hudson's Bay leases at its properties.

TORONTO — Barrick Mining Corp. took a US$1.04-billion charge in its second quarter related to its loss of control of a gold mine in Mali, but still reported a rise in profit thanks to higher gold prices and an asset sale.

CALGARY — WestJet says some personal data including information about travel documents such as passports was stolen in a cyberattack earlier this year, but credit and debit card numbers as well as user passwords were not compromised.

NEW YORK (AP) — Paramount will become the new home to Ultimate Fighting Championship events across the U.S. next year, through a seven-year agreement announced with TKO Group on Monday.

EDMONTON — ATB Financial has signed a deal to acquire Cormark Securities Inc., an independent investment bank with offices in Toronto and Calgary. Financial terms of the deal were not immediately available.

TORONTO — Software company Open Text Corp. has named veteran company executive James McGourlay as interim chief executive, effective immediately.