National Business

LONDON (AP) — Amazon is disputing its status as a big online platform that needs to face stricter scrutiny under European Union digital rules taking effect next month, the first Silicon Valley tech giant to push back on the pioneering new standards.

OTTAWA — The federal government is giving more time for Canadians to submit their thoughts on the Royal Bank of Canada's deal to buy HSBC Bank Canada.

NEW YORK (AP) — Amazon Prime Day is here. And, once again, experts are warning consumers of scams. Scams targeting online shoppers — often by impersonating companies like Amazon and other major retailers — are nothing new.

Bank of America must pay more than $100 million to customers for doubling up on some fees, withholding reward bonuses and opening accounts without customer consent.

MONTREAL — MTY Food Group Inc. reported its second-quarter profit rose compared with a year ago as acquisitions helped boost revenue. The restaurant franchisor and operator says its net income attributable to owners totalled $30.4 million or $1.

CALGARY — TransAlta Corp. says it has signed an agreement to acquire the minority stake in TransAlta Renewables Inc. that it does not already own in a deal it says will help simplify its structure and improve its strategic position.

OTTAWA — Gordon Reid, the Canadian businessman who founded discount store chain Giant Tiger, has died at 89. The company says in a statement that Reid died at his home after a brief illness.

TORONTO — Cineplex says box office revenues in June were $56 million, amounting to 98 per cent of box office revenues from the similar period in 2019.

TORONTO — Canadian media companies Postmedia Network Canada Corp. and Nordstar Capital LP, the company that owns the Toronto Star, have ended discussions about a potential merger, saying they were unable to come to an agreement.

TORONTO — Intact Financial Corp. estimates its catastrophe losses for the second quarter were around $421 million on a pre-tax basis. The property and casualty insurer says in a news release the loss amounted to $1.79 per share after tax.