National Business

OTTAWA — The Bank of Canada is turning its attention to when it may be able to start cutting interest rates, governor Tiff Macklem said Wednesday as he announced the central bank's decision to hold its key rate at five per cent.

TORONTO — Ford says a recall of its Explorer SUVs will affect 93,000 Canadians.

The plane that crashed Tuesday near Fort Smith, N.W.T. was on its way to Rio Tinto's Diavik Diamond Mine. The mine is one of four operating diamond mines in Canada.

BOUCHERVILLE, Que. — Rona Inc. says it's cutting about 300 jobs and closing two distribution centres as part of a plan to adjust its operating model and eliminate inefficiencies.

When Nandini Gokhale took over a friend’s lease for a bedroom in an Ottawa home in 2020, she was happy she'd found an affordable space in the middle of the pandemic.

OTTAWA — The Bank of Canada kept its key interest rate target on hold at five per cent on Wednesday.

TORONTO — As competitors circle the market, Firehouse Subs is on a mission to lure in an uncommon set of restaurant owners to help it grow the brand in Canada.

MONTREAL — MTY Food Group Inc. says it is raising its quarterly dividend by 12 per cent. The restaurant franchisor and operator says it will now pay shareholders a quarterly dividend of 28 cents per share, up from 25 cents per share.

PORTLAND, Ore.

Doug MacDonald, CN's head of marketing, said the company expects operations to ramp up at the West Coast ports of Vancouver and Prince Rupert.