National Business

TORONTO — Experts say rising team valuations and the desire to forge a legacy are likely at the heart of what motivated Rogers Communications Inc. executive chair Edward Rogers to bolster the company's portfolio of Toronto professional sports teams.

NEW YORK (AP) — A record-setting week for Wall Street closed on a quieter note. U.S. stocks mostly pulled back from their highs hit during a worldwide rally the day before, even as the Dow Jones Industrial Average edged up to another record.

CN Rail's decision to pull operations out of the Rocky Mountain tourist town of Jasper, Alta., will have a devastating impact on local families, says mayor Richard Ireland.

CALGARY — China's ongoing ban on Canadian beef appears to have no end in sight, making it a textbook example of the uncertainty Canadian exporters continue to face in that market.

Retail sales edged up in July, but economists say it will take further interest rate cuts to really spark lasting activity.

A paid passenger on an expedition to the Titanic with the company that owned the Titan submersible testified before a U.S. Coast Guard investigatory panel Friday that the mission he took part in was aborted due to apparently mechanical failure.

OTTAWA — Bank of Canada governor Tiff Macklem says there is a lot of uncertainty around how artificial intelligence could affect the economy moving forward, including the labour market and price growth.

EDMONTON — Aurora Cannabis Inc. says chief executive Miguel Martin is adding the title of executive chairman.

TORONTO — In the middle of the small crowd — near the tents, the lineup of kids awaiting face painting, the snack table — stood a jubilant Chiara Padovani.

DEER PARK, Texas (AP) — A pipeline fire that burned in a Houston suburb for four days finally went out Thursday as authorities announced a criminal investigation into the blaze that had roared into a towering flame, forcing neighborhoods to evacuate