National Business

OTTAWA — The country's labour tribunal says services provided by rail employees do not amount to essential work, opening the gate to a full-fledged strike in less than two weeks.

TORONTO — RioCan Real Estate Investment Trust chief executive Jonathan Gitlin says it will take more than just interest rates dipping lower for the company to start new major developments.

MONTREAL — AtkinsRéalis Group Inc.'s nuclear business drove big growth in profits and backlog last quarter, as the engineering firm continued to capitalize on the global energy transition.

TORONTO — Cineplex Inc. continued to feel the impacts of twin Hollywood strikes in its second quarter, but the end of the period marked a turning point.

TORONTO — Canada's main stock index moved higher in late-morning trading, helped by gains in base metal stocks, while U.S. stock markets also rose at the end of a volatile trading week. The S&P/TSX composite index was up 40.76 points at 22,266.

TORONTO — A four-part docuseries on The Tragically Hip and film shorts from Oscar-winner Torill Kove and actor Connor Jessup are among the homegrown additions to the Toronto International Film Festival.

SMITHS FALLS, Ont. — Canopy Growth Corp. posted a larger loss in its latest quarter compared with a year ago as its revenue declined. The cannabis producer says its loss attributable to the company amounted to $127.1 million or $1.

OTTAWA — Students are facing a particularly challenging summer job market while recent immigrants are disproportionately affected by weakening labour market conditions in the country, Statistics Canada’s latest employment figures show.

NEW YORK (AP) — U.S. stocks are holding relatively steady at the tail end of a wild, whipsaw week for Wall Street. The S&P 500 edged up 0.1% in early trading Friday, coming off its best day since 2022.

OAKVILLE, Ont. — Algonquin Power & Utilities Corp. says it has signed a deal to sell its renewable energy business to a subsidiary of LS Power for up to US$2.5 billion.