National Business

TORONTO — Canadian consumers are increasingly "mindful" in their shopping, prioritizing essential purchases and reining in spending on more expensive goods as inflation continues to squeeze budgets, the head of Canadian Tire Corp. Ltd. said Thursday.

WASHINGTON (AP) — Tesla shouldn’t be calling its partially automated driving system Autopilot because the cars can’t drive themselves, the top U.S. transportation official says.

CALGARY — A Chinese ban on Canadian beef that industry officials expected would be short-lived remains in place 17 months later, and industry representatives say they remain in the dark about the reasons.

WINNIPEG — WestJet is to start new direct flights between Winnipeg and Atlanta in September with a financial backstop from the Manitoba government.

TORONTO — The chief executive of one of the country's most prominent commercial landlords says retail occupancy levels and rent rates are ticking up even as many storefronts across Canada sit empty.

TORONTO — Shareholders of Onex Corp. have approved a change to its multiple-voting shares that will allow Gerry Schwartz to retain voting control of the company for another three years even as he officially steps down as chief executive.

OTTAWA — The total number of insolvencies in Canada in March was up 28.3 per cent compared with the same month last year as both consumer and business insolvencies climbed higher.

The number of Americans filing for unemployment benefits last week rose to its highest level in a year-and-a-half, though jobs remain plentiful by historical standards even as companies cut costs as the economy slows.

Kelly Ho knows the importance of planning ahead — it's literally in her job description. But this year, as summer camp registration opened up, the financial planner and mom of two was travelling for work.

VANCOUVER — Absolute Software Corp. has signed a deal to be acquired by Crosspoint Capital Partners for US$657 million. Under the agreement, shareholders of the Vancouver-based security software company will receive US$11.50 per share in cash.