National Business

TORONTO — One of the owners of Torstar Corp. is seeking a court order to wind up the media company, citing "irreparable" damage to the relationship with his business partner. Paul Rivett, one of the owners of Nordstar Capital Inc.

TORONTO — Gas prices jumped overnight in some cities across Canada, in many cases by around ten cents a litre, and by almost 20 cents in one city. The price of gas on Thursday was up nationally by just over three cents on average at $1.

NEW YORK (AP) — Stocks are back to falling on Wall Street as worries about a possible recession and rising bond yields put the squeeze back on markets. The S&P 500 fell 2.1% Thursday, reaching its lowest level since late 2020.

WASHINGTON (AP) — The Senate passed a short-term spending bill on Thursday that would avert a partial government shutdown when the current fiscal year ends at midnight Friday and provide another infusion of military and economic aid to Ukraine as it

OTTAWA — Buying a home has become more unaffordable for Canadians even as housing prices fall, according to new reports from the parliamentary budget officer and RBC.

TORONTO — CIBC says it aims to cut the emissions intensity of its power generation portfolio by 32 per cent by 2030 in the latest climate target released by a Canadian bank.

OTTAWA — Statistics Canada says the number of job vacancies in the country moved lower to slip below one million in July, but remained well above where they were a year earlier.

OTTAWA — The parliamentary budget officer estimates the Liberal bill proposing to temporarily double the GST rebate will cost $2.6 billion.

TORONTO — Mo Hameed started a TikTok account showcasing everyday Canadians sharing what they do and how much they make just a few months ago.

COPENHAGEN, Denmark (AP) — The NATO military alliance warned Thursday it would retaliate for any attacks on the critical infrastructure of its 30 member countries and joined other Western officials in citing sabotage as the likely cause of damage to