National Business

A lawyer representing Red Lobster's Canadian operations says he will ask an Ontario court to recognize and enforce the restaurant chain's Chapter 11 bankruptcy in the U.S.

AUSTIN, Texas (AP) — The families of a group of victims from the Uvalde school shooting announced new lawsuits Friday against Instagram parent company Meta Platforms, the maker of the video game “Call of Duty” and the gun company that made the assaul

MONTREAL — Glenn Chamandy is officially back as the chief executive of Gildan after a months-long public battle over leadership of the Montreal-based clothing company he co-founded.

TORONTO — KPMG says it has named Benjie Thomas as the new CEO of its Canadian division. The accounting giant says he will step into the role Oct. 1, replacing Elio Luongo who is wrapping two consecutive terms.

CALGARY — After a three-year hiatus, the University of Calgary is bringing back its suspended oil and gas engineering program to help address the hiring challenges being faced by Canadian energy companies.

TORONTO — A broad-based rally helped Canada's main stock index close up more than 100 points Friday to largely recover from losses a day earlier, while U.S. stock markets also climbed. The S&P/TSX composite index ended up 120.08 points at 22,320.

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (22,320.87, up 120.08 points): Suncor Energy Inc. (TSX:SU). Energy. Down nine cents, or 0.16 per cent, to $55.06 on 10.0 million shares.

NEW YORK (AP) — U.S. stocks rose in a bounce back from Wall Street’s worst day since April. The S&P 500 gained 0.7% to win back all its losses from earlier in the week.

Canada Post needs drastic measures to staunch the fiscal bleeding and revamp its operations after a tough decade, experts say.

TORONTO — Ontario is speeding up its expansion of alcohol sales in the province, and the move comes with up to $225 million in public money for The Beer Store.