National Business

COLOMBO, Sri Lanka (AP) — Sri Lanka's prime minister was sworn in Friday as interim president until Parliament elects a successor to Gotabaya Rajapaksa , who fled abroad and resigned after mass protests over the country’s economic collapse.

TORONTO — Canada's main stock index broke a five-day losing streak but still ended the week off 3.3 per cent as crude oil and gold prices struggled over the past five trading sessions. The S&P/TSX composite index closed up 65.39 points to 18,394.

Federal Industry Minister François-Philippe Champagne says last week's massive outage at Rogers Communications Inc. will be on his mind as he weighs the telecom provider's proposed $26-billion takeover of Shaw Communications Inc.

The company that makes some of the world's most iconic board games including Scrabble, Monopoly, and Clue is developing a new one based on Wordle, the obsessively popular digital word-guessing game. Hasbro Inc.

NEW YORK (AP) — Consumers picked up their spending from May to June, underscoring their resilience despite painfully higher prices at the gas pump and in grocery aisles and allaying fears that the economy might be on the verge of a recession. U.S.

Xplore Mobile Inc. will be shutting down at the end of August. The wireless carrier, which provides service to customers in Manitoba, will cease operations on Aug. 31, according to a company statement.

TORONTO — Royal Unibrew says it's buying Toronto-based Amsterdam Brewery Co. Ltd. for about $44 million.

The national real estate market's cooling continued with home sales falling again in June, but the Canadian Real Estate Association said the decreases are smaller than those seen in previous months.

OTTAWA — Statistics Canada says wholesale sales rose 1.6 per cent in May to $81.1 billion, boosted by higher sales in the food, beverage and tobacco subsector and the machinery, equipment and supplies group.

TORONTO — It used to be said that a penny saved was a penny earned, but rising prices helped push out the penny years ago, and with inflation now running at well over seven per cent, it’s eating into every nickel and dime.