National Business

ST. JOHN'S — Newfoundland and Labrador's only university is axing 20 permanent and contract positions as it seeks to cut spending by $20.85 million.

NEW YORK (AP) — Gains for several big tech companies helped nudge U.S. indexes to more records even as most stocks in the market fell. The S&P 500 edged up 0.1% Thursday to another all-time high. The Nasdaq composite gained 0.

OTTAWA — The Supreme Court of Canada has rejected a constitutional challenge of the criminal law on sex work, upholding the convictions of two men who argued its provisions are overly broad.

EDMONTON — This story is no longer available The Canadian Press

CALGARY — Whitecap Resources Inc. says it's made good progress toward integrating the people and assets it acquired through its combination with Veren Inc. this spring.

Algoma Steel Group Inc. is seeking $500 million in federal support as the company faces continued uncertainty from U.S. tariffs on Canadian steel. The Sault Ste. Marie, Ont.

TORONTO — The Canadian Federation of Independent Business is forecasting a recession in Canada this year. A new report from CFIB, released Thursday, shows it's forecasting that growth declined 0.

Statistics Canada says retail sales decreased 1.1 per cent to $69.2 billion in May, driven by sales declines at motor vehicle and parts dealers. However, the agency said its preliminary figures for June point to an increase of 1.

A slew of new discount stores helped push profit at Loblaw Cos. Ltd. higher in the second quarter, as shoppers continue to seek lower-priced products, a trend the company's CEO says will remain for the long term.

Teck Resources Ltd. says its board has given the green light to extending the life of Canada's biggest copper mine by almost two decades with an investment of up to $2.4 billion.