National Business

OTTAWA — The national unemployment rate was 5.5 per cent in July. Statistics Canada also released seasonally adjusted, three-month moving average unemployment rates for major cities.

OTTAWA — A quick look at Canada's July employment (numbers from the previous month in brackets): Unemployment rate: 5.5 per cent (5.4) Employment rate: 62.0 per cent (62.2) Participation rate: 65.6 per cent (65.

Open Text Corp. reported a net loss of US$48.7 million in its fourth quarter, down from earnings of US$102.2 million during the same quarter last year. Revenues for the quarter ended June 30 were US$1.5 billion, up from US$902.5 million last year.

SASKATOON — Nutrien Ltd. is indefinitely pausing its potash production ramp-up and suspending work on its Geismar clean ammonia project after a period of "unprecedented volatility" in fertilizer markets, said chief executive Ken Seitz on Thursday.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (20,120.74, down 97.47): Suncor Energy Inc. (TSX:SU). Energy. Up 25 cents, or 0.62 per cent, to $40.50 on 8.3 million shares.

TORONTO — Canada's main stock index closed down almost 100 points Thursday despite strength in energy stocks, while U.S. markets also moved lower a day after rating agency Fitch downgraded the U.S. government’s credit rating from AAA to AA+.

MONTREAL — Despite supply chain snarls, Bombardier boosted its second-quarter revenues amid ongoing demand for business jets as deliveries and aftermarket services ramped up, said CEO Éric Martel.

MONTREAL — Less than five years after it embarked on a program of streamlining, SNC-Lavalin Group Inc. aims to blaze a "methodical" trail of mergers and acquisitions starting as early as 2024, its CEO says.

Maple Leaf Foods Inc. said it lost $53.7 million in its most recent quarter as it grappled with inflation and other market headwinds.

NEW YORK (AP) — Stocks drifted to a lower close as Wall Street’s red-hot rally this year cooled a bit more. The S&P 500 slipped 0.3% Thursday, its third straight loss. The Dow fell 66 points, or 0.2%, and the Nasdaq composite lost 0.1%.