National Business

TORONTO — The Ontario Securities Commission says it is taking action against a Seychelles-based cryptocurrency company that has yet to enter discussions about bringing its platform into compliance with provincial laws.

MONTREAL — Global dairy giant Saputo Inc. is beefing up its non-dairy cheese and value-added ingredients holdings with two new acquisitions.

TORONTO — Canada's technology sector is worried small businesses will take longer than foreign giants to rebound from a global shortage of semiconductor chips — and say consumers might pay the price.

CALGARY — A decade-old corruption case involving a Canadian junior oil company that bribed officials in Chad to try to gain access to oil plays in the north-central African nation is making news again. The U.S.

CALGARY — A move by the U.S.

WASHINGTON (AP) — Sales of new homes fell a bigger-than-expected 5.9% in April, a drop that analysts blamed in part on rising home prices.

TORONTO — An Australian company says it plans to make a takeover offer for Ring of Fire developer Noront Resources Ltd. that values the Canadian company at about $133 million. Wyloo Metals Pty Ltd. says it will offer 31.

SILVER SPRING, Md. (AP) — Consumer confidence ticked down slightly in May but remains nearly as high as its been since the pandemic began. The Conference Board reported Tuesday that its consumer confidence index fell to 117.2 from April's 117.

MILAN (AP) — Milan Fashion Week will remain mostly digital for menswear previews in June, with just three fashion houses opting to host guests in their showrooms as international travel just begins to resume amid the lifting of coronavirus restrictio

SAULT STE. MARIE, Ont. — The Canadian parent company of privately held Algoma Steel Inc. has signed a deal to be acquired by a U.S. special purpose acquisition company in a move that will see the Ontario steelmaker become a publicly listed company.