National Business

TORONTO — Despite expectations of lower interest rates prompting homebuyers to leave the sidelines, a new report says the Bank of Canada's quarter-point cut to its key interest rate last month did not lead to a rush in demand.

ISSAQUAH, WASH. — Costco is increasing its annual membership fees in Canada and the U.S. this fall. The company made the announcement as it reported its sales results for June. Costco says that effective Sept.

CALGARY — The Canada Growth Fund is partnering with Strathcona Resources Ltd. on a carbon capture and sequestration project, with each group contributing up to $1 billion in funding.

EDMONTON — The provincial government's management of Alberta's increasingly stressed water resources is all wet, says the province's auditor general.

IGNACE, ONTARIO — A northwestern Ontario town has formally decided it is willing to become the site of a deep geological repository for Canada's nuclear waste.

RICHMOND — It was not quite the 2006 film "Snakes on a Plane" at Vancouver International Airport, but there were real eels — dozens of them — writhing on the tarmac during a recent incident captured on video.

NEW YORK (AP) — The founder of Archegos Capital Management, a hedge fund that collapsed in 2021, was convicted Wednesday of securities fraud in a scheme that prosecutors said cost global investment banks billions of dollars.

ST. JOHN'S, N.L. — About a dozen fishers interrupted a news conference with the country's environment ministers in St. John's on Wednesday to demand the federal government reinstate a 32-year moratorium on commercial cod fishing in the province.

TORONTO — Canada's main stock index gained 1.4 per cent Wednesday in a broad-based rally led by energy, industrial and utilities stocks, while U.S. stock markets posted new records yet again. The S&P/TSX composite index closed up 307.

WINNIPEG — The Manitoba government is putting up $1.1 million to address a rise in retail theft and violent crime in some parts of Winnipeg.