National Business

SASKATOON — Nutrien Ltd. is indefinitely pausing its potash production ramp-up and suspending work on its Geismar clean ammonia project after a period of "unprecedented volatility" in fertilizer markets, said chief executive Ken Seitz on Thursday.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (20,120.74, down 97.47): Suncor Energy Inc. (TSX:SU). Energy. Up 25 cents, or 0.62 per cent, to $40.50 on 8.3 million shares.

TORONTO — Canada's main stock index closed down almost 100 points Thursday despite strength in energy stocks, while U.S. markets also moved lower a day after rating agency Fitch downgraded the U.S. government’s credit rating from AAA to AA+.

MONTREAL — Despite supply chain snarls, Bombardier boosted its second-quarter revenues amid ongoing demand for business jets as deliveries and aftermarket services ramped up, said CEO Éric Martel.

MONTREAL — Less than five years after it embarked on a program of streamlining, SNC-Lavalin Group Inc. aims to blaze a "methodical" trail of mergers and acquisitions starting as early as 2024, its CEO says.

Maple Leaf Foods Inc. said it lost $53.7 million in its most recent quarter as it grappled with inflation and other market headwinds.

NEW YORK (AP) — Stocks drifted to a lower close as Wall Street’s red-hot rally this year cooled a bit more. The S&P 500 slipped 0.3% Thursday, its third straight loss. The Dow fell 66 points, or 0.2%, and the Nasdaq composite lost 0.1%.

TORONTO — Ontario auto insurers have been involved in intentional, industry-wide violations of rules around fair access to coverage, the sector's regulator said Thursday.

REGINA — The Saskatchewan government has spent millions of dollars to shutter its remaining liquor stores, resulting in the retailers posting a financial loss this year.

DUBAI, United Arab Emirates (AP) — The U.S.