National Business

The Bank of Canada's strategy of rapidly increasing its key interest rate in an effort to tackle skyrocketing inflation will likely trigger a recession, says a new study released Tuesday

OTTAWA — A new report says Canada should replace its "haphazard and unpredictable" approach to minimum wages across the country with a clear formula based on average incomes.

The attorney general of Alberta will intervene in competition tribunal proceedings regarding the $26-billion merger between Rogers Communications Inc. and Shaw Communications Inc., according to a notice filed Monday.

REGINA — A group of Canadian ranchers is calling for an investigation into meat pricing.

TORONTO — Twenty-four-year-old Jason Francone has always been pretty good with his money. "Coupons are my middle name; sales are in my DNA," he says. It's not just the art of bargain-hunting that he's mastered, though.

VANCOUVER — Hecla Mining Co. has signed a deal to buy the shares in Alexco Resource Corp. it does not already hold in an all-stock agreement valued at about US$74 million.

BEIJING (AP) — Chinese authorities refused to let Canadian diplomats attend the trial of a Chinese-born Canadian tycoon who disappeared from Hong Kong five years ago, Canada’s government said Tuesday.

CALGARY — The $4.3-billion Heartland Petrochemical Complex, which has been under construction northeast of Edmonton since 2018, has produced its first plastic pellets. Owner and operator Inter Pipeline Ltd.

MONTREAL — A two-week strike at Canadian National Railway Co. is ending after the union representing 750 signals and communications workers agreed to binding arbitration.

TORONTO — DesRosiers Automotive Consultants says Canadian auto sales were down 11.5 per cent in June compared with a year earlier as supply challenges persist.