National Business

Stocks closed lower on Wall Street, pulling the S&P 500 and the Nasdaq composite below the records they set a day earlier. The S&P 500 fell 0.3% Friday. The Dow Jones Industrial Average gave back 0.6%. The Nasdaq composite slipped 0.2%.

OTTAWA — The Bank of Canada is increasingly expected to keep its benchmark interest rate on hold later this month after the labour market delivered a surprise hiring surge in June.

HALIFAX — Ottawa has announced details of $16 million it's providing for energy projects in the Maritimes.

SURREY, B.C. — The British Columbia provincial court has handed a retired RCMP officer a suspended sentence, saying the man was "reckless" but not deceitful when he convinced a neighbour to invest in his failing cannabis company.

EDMONTON — Alberta and Ottawa have signed off on $203 million for new affordable housing projects across the province.

TORONTO — As a major funding shortfall looms over Pride Toronto, some prominent LGBTQ+ advocates say it's high time to rethink the organization's corporate partnerships and return to its political grassroots.

TORONTO — The latest tariff threat from U.S. President Donald Trump is drawing condemnation from business leaders, though more because of the added uncertainty than the potential direct impact that experts played down.

Restaurant conglomerate CEO Eric Lefebvre says Canadian fast-food diners are proving resilient in the face of tariffs and pricing pressures, but their counterparts in the U.S. are faring much worse. Lefebvre's Montreal-based MTY Food Group Inc.

MONTREAL — The trade war between Canada and the United States hasn't discouraged foreign companies from investing in Montreal, but recent changes to federal and provincial immigration policies are causing the business community some concern, says an

Canadian border officials say two brothers have pleaded guilty to several charges after attempting to smuggle large amounts of tobacco into the country.