National Business

OTTAWA — Finance Minister Chrystia Freeland’s fall economic update creates two new federal tax credits for clean technology and low-emitting hydrogen production, with the caveat that companies that pay fair wages and train apprentices will get a bigg

OTTAWA — The federal Liberals unveiled their fall economic update Thursday — a 92-page mini-budget setting out Canada’s fiscal situation and outlining new policies to tackle cost-of-living woes.

TORONTO — Fairfax Financial Holdings Ltd. says it recorded a net loss of US$75.1 million in the third quarter, down from earnings of $462.4 million in the third quarter of last year. The Toronto-based holding company, which reports in U.S.

TORONTO — The move by the federal government to force Chinese companies to sell their investments in three critical mineral companies is being called a meaningful and necessary escalation of Canada's defensive posturing on strategic assets.

MOORESVILLE, N.C. — Lowe's Companies, Inc. is selling its Canadian retail business to New York-based private equity firm Sycamore Partners for US$400 million plus a performance-based deferred consideration.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (19,241.22, down 35.79 points): Barrick Gold Corp. (TSX:ABX). Materials. Down $1.62, or 8.27 per cent, to $17.98 on 19.1 million shares.

WATERLOO, ONTARIO — OpenText Corp. reported a net loss of US$116.9 million in its latest financial quarter, compared with net income of $131.9 million in the same quarter last year. The Waterloo, Ont.-based tech company, which reports in U.S.

Ottawa plans to make permanent its pandemic-era pause on student loan interest in an effort to reduce some of the current financial pressures on young Canadians as the cost of living rises.

TORONTO — Canada's main stock index crept lower Thursday with mixed results across the indexes, buoyed by energy stocks, industrials and base metals, while U.S. stock markets were also down. The S&P/TSX composite index was down 35.

CALGARY — Canadian Natural Resources Ltd.'s president Tim McKay added his voice Thursday to the chorus of oilsands executives who in recent days have been pushing back against critics by touting their industry's contributions to the overall economy.