National Business

JAKARTA, Indonesia (AP) — Indonesia’s anti-graft court sentenced a former agriculture minister to 10 years in prison Thursday after finding him guilty of corruption-related extortion, abuse of power and bribery involving ministry contracts with priva

TORONTO — Despite expectations of lower interest rates prompting homebuyers to leave the sidelines, a new report says the Bank of Canada's quarter-point cut to its key interest rate last month did not lead to a rush in demand.

ISSAQUAH, WASH. — Costco is increasing its annual membership fees in Canada and the U.S. this fall. The company made the announcement as it reported its sales results for June. Costco says that effective Sept.

CALGARY — The Canada Growth Fund is partnering with Strathcona Resources Ltd. on a carbon capture and sequestration project, with each group contributing up to $1 billion in funding.

EDMONTON — The provincial government's management of Alberta's increasingly stressed water resources is all wet, says the province's auditor general.

NEW YORK (AP) — The founder of Archegos Capital Management, a hedge fund that collapsed in 2021, was convicted Wednesday of securities fraud in a scheme that prosecutors said cost global investment banks billions of dollars.

TORONTO — Canada's main stock index gained 1.4 per cent Wednesday in a broad-based rally led by energy, industrial and utilities stocks, while U.S. stock markets posted new records yet again. The S&P/TSX composite index closed up 307.

WINNIPEG — The Manitoba government is putting up $1.1 million to address a rise in retail theft and violent crime in some parts of Winnipeg.

TORONTO — Ontario will not budge on its plan to have ready-to-drink cocktails sold at convenience and grocery stores across the province, Premier Doug Ford said Wednesday on the issue that has become a sticking point in an ongoing strike by liquor st

NEW YORK (AP) — U.S. stocks rose again, continuing Wall Street’s record-setting run. The S&P 500 climbed 1% Wednesday, setting an all-time high for the 37th time this year and marking its first close above 5,600 points.