National Business

TORONTO — Losses in basic materials and consumer cyclicals helped drive Canada's main stock index lower on Thursday, while U.S. markets were mixed.

ST. JOHN'S — A sailor was rescued at sea on Wednesday after he set out from Quebec on a solo journey to Greenland and then went missing off the southeast coast of Labrador.

SACRAMENTO, Calif. (AP) — A voter-backed California law requiring background checks for people who buy bullets is unconstitutional, a federal appeals court ruled Thursday.

ST. JOHN'S — Newfoundland and Labrador's only university is axing 20 permanent and contract positions as it seeks to cut spending by $20.85 million.

NEW YORK (AP) — Gains for several big tech companies helped nudge U.S. indexes to more records even as most stocks in the market fell. The S&P 500 edged up 0.1% Thursday to another all-time high. The Nasdaq composite gained 0.

EDMONTON — This story is no longer available The Canadian Press

CALGARY — Whitecap Resources Inc. says it's made good progress toward integrating the people and assets it acquired through its combination with Veren Inc. this spring.

Algoma Steel Group Inc. is seeking $500 million in federal support as the company faces continued uncertainty from U.S. tariffs on Canadian steel. The Sault Ste. Marie, Ont.

TORONTO — The Canadian Federation of Independent Business is forecasting a recession in Canada this year. A new report from CFIB, released Thursday, shows it's forecasting that growth declined 0.

A slew of new discount stores helped push profit at Loblaw Cos. Ltd. higher in the second quarter, as shoppers continue to seek lower-priced products, a trend the company's CEO says will remain for the long term.