National Business

NEW YORK (AP) — Stocks drifted higher on Wall Street ahead of a week with updates on where inflation and corporate profits are heading. The S&P 500 rose 0.2% Monday, coming off just its second losing week in the last eight. The Dow added 0.

TORONTO — Provincial and territorial governments need to remove internal trade barriers on labour, services and products like alcohol and meat, the Canadian Federation of Independent Business says.

CHARLOTTETOWN — The company operating the ferry between Prince Edward Island and Nova Scotia says service is set to resume today after the vessel was pulled from the water twice since mid-June.

MONTREAL — Transat AT Inc. says it has sold a piece of land in Mexico to resort company Finest Resorts for US$38 million.

CALGARY — More than half of Canadians say they are $200 away or less from not being able to pay all of their bills at the end of the month, a report by insolvency firm MNP Ltd.

TORONTO — Dye & Durham Ltd. has signed a deal to sell its TM Group business to Aurelius in an agreement worth up to 91 million pounds after a British competition regulator took issue with its acquisition of the business in 2021.

VANCOUVER — West Fraser Timber Co. Ltd. has signed a deal to sell its unbleached softwood kraft pulp mill in Hinton, Alta., to Mondi Group, an integrated packaging and paper company.

At the height of social distancing and other restrictions related to the COVID-19 pandemic, many Canadian cities rolled out temporary patio policies, loosening rules and waiving fees for bars and restaurants looking to seat more customers outdoors.

OTTAWA — The Bank of Canada is expected to raise interest rates again this week as forecasters say the economy has not softened enough for the central bank to back off.

TORONTO — Five things to watch for in the Canadian business world in the coming week: MTY earnings MTY Food Group Inc. will release its second-quarter results and hold a conference call with investors before financial markets open on Tuesday.