National Business

MONTREAL — BMO Financial Group plans to close its indirect retail auto finance business in order to reroute resources, as borrowers dig deep to stay on top of recent interest rate hikes.

OTTAWA — Canada Mortgage and Housing Corp. says the annual pace of housing starts in Canada edged down one per cent in August compared with July.

MONTREAL — Métro Média will declare bankruptcy this week, permanently ending its coverage of local government in parts of the province's two largest cities, the head of the Quebec newspaper publisher said Sunday.

NEW YORK (AP) — It’s been a central argument for the United Auto Workers union: If Detroit's three automakers raised CEO pay by 40% over the past four years, workers should get similar raises.

TORONTO — Five things to watch for in the Canadian business world in the coming week: Auto talks The contracts between Unifor and the three big U.S. automakers are set to expire on Monday at 11:59 p.m. The union is negotiating with Ford Motor Co.

OTTAWA — Economists are forecasting inflation reaccelerated to around four per cent last month, reversing previous progress made as gasoline prices push inflation higher.

It was Samantha Henry’s first time on strike, and one that made headlines across the country. “Some people thought the strike would only last a week, a couple of days.

SMITHS FALLS, Ont. — A small eastern Ontario town that was once known as the province's chocolate capital is preparing for the sweet return of Hershey's.

The Canadian Food Inspection Agency has issued a recall for Golden Mushroom brand Enoki mushrooms due to a possible Listeria contamination. The product was sold in 200g packages in Ontario and may also have been distributed nationally.

DALLAS (AP) — Car shoppers are heading for a new round of sticker shock if the strike by the United Auto Workers doesn’t end soon, particularly for popular vehicles that are already in short supply.