National Business

NEW YORK (AP) — Another rout hit Wall Street Friday, with formerly high-flying technology stocks again taking the brunt, after a highly anticipated update on the U.S. job market came in weak enough to add to worries about the economy.

VALCOURT, Que. — BRP Inc. reported its second-quarter profit and revenue fell compared with a year ago and cut its forecasts as it faces a challenging retail environment. The maker of Ski-Doo snowmobiles and Sea-Doo watercraft says it earned $7.

TORONTO — Canada's main stock index fell more than 200 points on Friday, while U.S. markets also fell, after the latest reports on the labour market showed continued softening on both sides of the border.

CALGARY — Canadian drivers are enjoying cheaper gas prices heading into fall, a trend experts say could persist through the remainder of the year. As of Friday morning, the average gasoline price in Canada was 152.

MONTREAL — Shareholders of Héroux-Devtek Inc. have voted to approve a deal that will see the company acquired by a U.S. private equity firm. The maker of aircraft landing gear says shareholders voted 99.

HALIFAX — The Nova Scotia government wants to extend its five per cent cap on rent increases another two years, but the province won't create an enforcement unit to bolster its tenancy rules and regulations.

MONTREAL — The Quebec Professional Association of Real Estate Brokers says Montreal-area home sales rose 9.3 per cent in August compared with the same month last year, with levels slightly higher than the historical average for this time of year.

MONTREAL — The Japanese owner of 7-Eleven has rejected a takeover offer from Quebec-based Alimentation Couche-Tard Inc. Seven & i Holdings Co. Ltd. said the proposal by the Canadian convenience store operator "grossly undervalues" the company.

Four months out from an unprecedented split between the regulators for accountants in Ontario and Quebec and their national counterpart, CPA Canada is pitching a new, separate membership to accountants in the departing provinces. On Sept.

Alimentation Couche-Tard Inc.'s incoming CEO says the retailer is convinced it can close on a blockbuster bid to take over 7-Eleven-owner Seven & i Holdings Co. Ltd, even as the target company says the offer is too low to seriously consider.