National Business

OTTAWA — Rising interest rates might be bad news for Canadians with mortgages, but it also means higher rates on savings vehicles such as guaranteed investment certificates (GICs), prompting renewed interest in the investments.

WASHINGTON (AP) — The number of Americans who signed up for unemployment benefits rose last week to the highest level since November, though the U.S. job market continues to show signs of strength.

CHICAGO (AP) — McDonald's will start reopening some of its restaurants in Ukraine in the coming months, a symbol of the war-torn country's return to some sense of normalcy and a show of support after the American fast-food chain pulled out of Russia

Brookfield Asset Management Inc. reported second-quarter net income attributable to common shareholders that was lower than the previous year, as revenue rose. The alternative asset manager, which keeps its books in U.S.

OTTAWA — Desjardins is forecasting the average home price in Canada will decline by nearly 25 per cent by the end of 2023 from the peak reached in February of this year.

Gasoline prices dipped to just under the $4 mark for the first time in more than five months — good news for consumers who are struggling with high prices for many other essentials. AAA said the national average for a gallon of regular was $3.

ATLANTA (AP) — Tens of thousands of Music Midtown festivalgoers are no longer going to descend on Atlanta’s massive Piedmont Park next month to cheer on hip-hop star Future or watch beloved rock band My Chemical Romance take the stage.

NEW YORK (AP) — Metallica, Mariah Carey and The Jonas Brothers will headline a free concert in New York’s Central Park next month marking the 10th anniversary of the Global Citizen Festival organized by the international nonprofit fighting extreme po

TORONTO — Indigo Books and Music Inc. says it lost $25.4 million in the 13-week period ended July 2 in spite of double-digit sales growth in both its print and general merchandise categories.

HAMILTON — Stelco Holdings Inc. says its year-over-year earnings increased 53 per cent in the second quarter of 2022 to $554 million, or $7.67 per diluted share.