National Business

BÉCANCOUR, Que. — Ford Motor Co. and its South Korean partners said Thursday they're building a $1.2 billion manufacturing plant for electric vehicle battery material in Quebec with the help of government funding.

TORONTO — Investment in Canadian fintech companies plunged in the first half of the year as valuations fell to levels not seen since the beginning of the pandemic, says a report by KPMG in Canada.

TORONTO — Metro Inc. has asked a conciliation officer to step in and help it find a resolution to a strike by grocery store workers in Toronto, the grocer said Thursday.

The average long-term U.S. mortgage rate climbed this week to its highest level in more than 20 years, pushing up borrowing costs for homebuyers already challenged by a housing market that remains competitive due to a dearth of homes for sale.

NEW YORK (AP) — Walmart racked up another strong quarterly sales gain as its low-prices continue to attract budget conscious consumers looking for deals in a tough economic environment.

The Hershey building in Smiths Falls, Ont., is headed back into the hands of the company that made the facility famous. Cannabis company Canopy Growth Corp.

OTTAWA — Parents across the country are getting ready to tap into registered education savings plans to help pay for their children's post-secondary schooling this fall. After years of saving, the time has come to start spending those nest eggs.

The U.S. labor market continues to flex its muscle as applications for jobless claims fell again last week and remain at healthy levels in the face of high interest rates and inflation.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,899.07, down 0.72 points): Enbridge Inc. (TSX:ENB). Energy. Down two cents, or 0.04 per cent, to $46.84 on 15.5 million shares.

TORONTO — Strength in the energy sector helped buoy Canada's main stock index to close flat on Wednesday while U.S. markets moved lower. The S&P/TSX composite index closed down less than one point at 19,899.07.