National Business

TORONTO — Canada's largest condo market is facing its biggest test in decades as the number of investors losing money every month, and the amount they're losing, has ballooned, says a new report from CIBC and Urbanation.

HALIFAX — The devastating wildfires and deadly flooding that plagued Nova Scotia last year have resulted in $490 million in insured losses, the Insurance Bureau of Canada said in a report released Thursday.

CALGARY — With its recent buying spree behind it, Veren Inc. – formerly Crescent Point Energy Corp. – is turning its attention to paying down debt. The oil and gas producer said Thursday its net debt as of June 30, 2024 was $3.

NEW WESTMINSTER, B.C. — Metro Vancouver's transportation provider TransLink is warning of massive service cuts unless a $600-million funding gap is addressed.

Loblaw Cos. Ltd. and its parent company George Weston Ltd. say they have agreed to pay $500 million to settle a pair of class-action lawsuits regarding their involvement in an alleged bread price-fixing scheme.

Loblaw said a boycott of its stores during its latest quarter had a minimal impact, as the company attributed lower profits to a settlement over an alleged bread price-fixing scheme.

OTTAWA — Norad says Canadian and American fighter jets have intercepted a group of Russian and Chinese planes flying near Alaska. The North American Aerospace Defence Command says the planes were detected and tracked on Wednesday.

KANSAS CITY, Kan.

TORONTO — Losses in industrial and base metal stocks dragged Canada's main stock index lower Wednesday, while markets in the U.S. slid.

TORONTO — A body horror flick led by Demi Moore and a dark comedy starring Paul Rudd and Tim Robinson are among the films bound for Midnight Madness at the Toronto International Film Festival.