National Business

TORONTO — As interest rates have risen, so has the popularity of guaranteed investment certificates.

WASHINGTON (AP) — The Treasury Department said Thursday that it has imposed its first set of sanctions on two companies that shipped Russian oil in violation of a multinational price cap .

OTTAWA — Rising interest rates have pushed up costs for borrowers and made mortgages, car loans and other debt more expensive, but the flip side for savers is the better rates for investments such as guaranteed investment certificates.

TORONTO — Barrick Gold Corp. says its preliminary third-quarter sales totalled 1.03 million ounces of gold and 101 million pounds of copper.

MONTREAL — Quebecor Inc. is extending coverage across Canada for customers of its Freedom Mobile, Videotron and Fizz brands following regulatory rulings that it says will promote competition.

WASHINGTON (AP) — Millions of Social Security recipients will get a 3.2% increase in their benefits in 2024, far less than this year's historic boost and reflecting moderating consumer prices .

MONTREAL — Laurentian Bank announced a series of changes to its senior executive ranks following a shakeup that saw the appointment of Éric Provost as president and chief executive earlier this month.

MONTREAL — Workers represented by Unifor at the St. Lawrence Seaway Corp. have voted 99 per cent in favour of a strike if they are not able to reach a new contract. The union has set a deadline of Oct. 21 to reach an agreement.

Real estate firm Royal LePage is forecasting the aggregate price of a home in Canada will increase seven per cent in the final quarter of 2023 compared with the same period last year, downgrading its previous outlook of 8.5 per cent.

CALGARY — An environmental group has lodged a formal complaint with the Alberta Securities Commission over Suncor Energy Inc.'s climate risk disclosures.