National Business

VANCOUVER — The Canadian men's team will be part of the Vancouver Sevens, competing in an invitational event in conjunction with the HSBC SVNS stop in February.

TORONTO — BlackBerry Ltd. has signed a deal to sell its Cylance security business to Arctic Wolf.

LONDON (AP) — Britain's government gave the go-ahead Monday for the sale of Royal Mail's parent company to a Czech billionaire, paving the way for the postal service to pass into foreign ownership for the first time in its 500-year history.

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in November rose eight per cent compared with October, helped by strength in multi-unit starts in Quebec, Alberta and B.C.

OTTAWA — Housing Minister Sean Fraser says he will not be running in the next federal election, citing a need to spend more time with his family.

MONTREAL — The Quebec government has made payments in less than 10 per cent of the nearly 10,000 claims it has received since the remnants of Hurricane Debby hit the province in August, causing severe flooding and damage.

It was a busy 2024 for Canadian business: the Bank of Canada began cutting interest rates as inflation moderated and labour unions looked to make gains.

TORONTO — Five things to watch for in the Canadian business world in the coming week:

VANCOUVER — British Columbia business owner Joe Chaput will spend $5,500 a month on security guards during the holiday season and plans on upgrading his store's video camera system for around $5,000 more.

OTTAWA — The Liberals' fall economic statement Monday is expected to show a larger-than-promised deficit and offer details on how the government will tackle the threat of U.S. tariffs ahead of Donald Trump's inauguration in the new year.