National Business

TORONTO — It will take more than just interest rates dipping lower for RioCan Real Estate Investment Trust to start new major developments, said chief executive Jonathan Gitlin.

OTTAWA — Students who have been hunting for a summer job and recent immigrants looking for work have felt the brunt of the country's weakening labour market, Statistics Canada's latest employment report shows.

MONTREAL — AtkinsRéalis Group Inc.'s nuclear business drove big growth in profits and backlog last quarter, as the engineering firm continued to capitalize on the global energy transition.

TORONTO — A four-part docuseries on The Tragically Hip and film shorts from Oscar-winner Torill Kove and actor Connor Jessup are among the homegrown additions to the Toronto International Film Festival.

SMITHS FALLS, Ont. — Canopy Growth Corp. posted a larger loss in its latest quarter compared with a year ago as its revenue declined. The cannabis producer says its loss attributable to the company amounted to $127.1 million or $1.

OAKVILLE, Ont. — Algonquin Power & Utilities Corp. says it has signed a deal to sell its renewable energy business to a subsidiary of LS Power for up to US$2.5 billion.

MONTREAL — Saputo Inc. reported a profit of $142 million in its latest quarter as its revenue rose nearly 10 per cent compared with a year ago.

TORONTO — Bell Canada made more than $64 million in gross revenues from calls made by inmates at Ontario jails — at "exorbitant" rates, lawyers allege in a lawsuit — and gave nearly $39 million of that to the province as commission, according to new

NEW YORK (AP) — Former Mozambican Finance Minister Manuel Chang was convicted Thursday in a financial conspiracy case that welled up from from his country's “ tuna bond ” scandal and swept into a U.S. court.

VANCOUVER — The owner of a commercial halibut vessel in British Columbia has received more than $33,000 in fines for fishing in a marine protected area containing glass sponge reefs unique to the waters of the Pacific Northwest.