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Musk abandons deal to buy Twitter; company says it will sue

Musk abandons deal to buy Twitter; company says it will sue

Elon Musk announced Friday that he will abandon his tumultuous $44 billion offer to buy Twitter after the company failed to provide enough information about the number of fake accounts.
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Far-reaching implications of Rogers outage shows need for competition: Expert

Far-reaching implications of Rogers outage shows need for competition: Expert

TORONTO — A widespread Rogers Communications Inc. outage that caused trouble for 911 services, retailers and transit operators Friday had many warning the incident is a sign that oligopolistic telecommunications companies need more competition.
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Suncor Energy says president and CEO Mark Little has stepped down, resigns from board

Suncor Energy says president and CEO Mark Little has stepped down, resigns from board

CALGARY — Suncor Energy Inc.
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Most actively traded companies on the Toronto Stock Exchange

Most actively traded companies on the Toronto Stock Exchange

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (19,022.86, down 40.31 points.) Athabasca Oil Corp. (TSX:ATH). Energy. Down six cents, or 2.7 per cent, to $2.13 on 16 million shares.
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S&P/TSX composite slips but ends week higher even as jobs report supports rate hikes

S&P/TSX composite slips but ends week higher even as jobs report supports rate hikes

TORONTO — Canada's main stock index ended up for the week despite slipping Friday after a June jobs report reinforced expectations that the central bank will pursue another aggressive interest rate hike next week.
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Economy lost 43,000 jobs in June, unemployment rate falls to 4.9%

Economy lost 43,000 jobs in June, unemployment rate falls to 4.9%

OTTAWA — The Canadian economy recorded its first monthly loss of jobs since start of the year in June, but the labour market continued to be exceptionally tight as the unemployment rate fell again and wages moved higher.
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Canadian leakproof apparel maker Knix sells majority stake to Essity of Sweden

Canadian leakproof apparel maker Knix sells majority stake to Essity of Sweden

Canadian apparel brand Knix Wear Inc., maker of leakproof underwear for periods and incontinence, has a new majority shareholder.
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A robust June jobs report clouds outlook for US economy

A robust June jobs report clouds outlook for US economy

WASHINGTON (AP) — A strong hiring report for June has assuaged fears that the U.S. economy might be on the cusp of a recession — and highlighted the resilience of the nation's job market.
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MTY Food Group posts higher sales as it contends with labour shortage, inflation

MTY Food Group posts higher sales as it contends with labour shortage, inflation

MONTREAL — Canadian restaurant franchisor and operator MTY Food Group Inc. is seeing a rebound in sales and traffic even as it grapples with inflation, supply chain snags and ongoing labour shortages.
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Here's a quick glance at unemployment rates for June, by province

Here's a quick glance at unemployment rates for June, by province

OTTAWA — Canada's national unemployment rate was 4.9 per cent in June. Here are the jobless rates last month by province (numbers from the previous month in brackets): _ Newfoundland and Labrador 9.9 per cent (10.0) _ Prince Edward Island 4.
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