National Business

TORONTO — CIBC has signed a deal to acquire the Canadian Costco credit card portfolio and become the exclusive issuer of Costco Mastercards in Canada as part of a push to diversify its card portfolio.

TORONTO — Canadian auto sales continued to struggle last month, falling 11.4 per cent from the prior year, driven by vehicle shortages caused by semiconductor supply issues.

OTTAWA — Canada's merchandise trade surplus fell to $778 million in July as imports rose more than exports for the month, Statistics Canada said Thursday. The result compared with a revised trade surplus of $2.

OTTAWA — As kids head back to school this fall, household budgets will be tested as the cost of school supplies, new clothes and after-school activities pile up.

NEW YORK (AP) — The remnants of Hurricane Ida caused “multiple fatalities” in Montgomery County outside Philadelphia, according to county spokesperson Kelly Cofrancisco, in addition to at least nine other fatalities in New York and New Jersey.

VANCOUVER — The Real Estate Board of Greater Vancouver says the city's home sales have slowed from a frenzied pace earlier this year, but supply has dwindled all summer and prices are continuing to rise.

As increasing commodity prices, higher shipping fees and labour shortages drive up costs for food manufacturers, experts say reducing the amount of food in a package is a subtle way to adjust for inflation without raising prices.

SOUTH LAKE TAHOE, Calif.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,689.58, up 106.64 points.) Bombardier Inc. (TSX:BBD.B). Industrials. Up 11 cents, or 5.98 per cent, to $1.95 on 12.

TORONTO — Canada's main stock index started September in record territory as the country's two largest railways pushed the industrials sector to an all-time high. Shares of Canadian Pacific Railways Ltd. and Canadian National Railway Co. rose 5.