National Business

Canada's financial consumer watchdog is warning lenders not to take advantage of mortgage holders who are facing severe financial stress as interest rates and the cost of living rise.

RICHMOND HILL, Ont. — DesRosiers Automotive Consultants Inc. says June brought another strong month for auto sales. The consultancy firm says total light vehicle sales for the month were up 12.6 per cent from a year ago.

Media companies began pulling advertising from some social media platforms and telling readers and viewers how to access news directly as Google and Metamoved toward blocking Canadian news from their services.

VANCOUVER — The Real Estate Board of Greater Vancouver says last month's home prices ticked up from May as prospective homebuyers faced a dearth of supply in the region. The board says the composite benchmark sat at more than $1.

TORONTO — Brookfield Reinsurance has signed a deal to buy the part of American Equity Investment Life Holding Co. (AEL) that it does not already own in a cash-and-stock transaction that values the company at about US$4.3 billion.

DUBAI, United Arab Emirates (AP) — Iran tried to seize two oil tankers near the strategic Strait of Hormuz early Wednesday, firing shots at one of them, the U.S. Navy said. It said that in both cases, the Iranian naval vessels backed off after the U.

VANCOUVER — Kit and Ace Technical Apparel Inc. has been bought by a company co-owned by Canadian fashion designer and entrepreneur Joe Mimran. The price paid for the clothing retailer by Unity Brands Inc.

TORONTO — Early signs of wage growth slowing are an indicator the Bank of Canada’s fight against inflation is slowly gaining ground, economists said, but it’s too soon to tell whether Canadians will regain the purchasing power they lost amid sustaine

MONTREAL — Air Canada delayed or cancelled nearly 2,000 flights over the Canada Day long weekend in a potential taste of more trouble ahead for passengers.

TORONTO — Cineplex Inc. says a case launched by the Competition Bureau against the theatre chain over movie ticket fees should be dismissed because it's based on a "mischaracterization.