National Business

TORONTO — Toronto city council is granting the island airport a lease extension that would keep the hub open for at least another two decades.

WASHINGTON (AP) — Millions of Social Security recipients will get a 2.5% cost-of-living increase to their monthly checks beginning in January, the Social Security Administration announced Thursday.

The number of Americans filing for for unemployment benefits last week jumped to their highest level in a year, a possible sign of softness in the labor market.

LEAMINGTON, Ont. — Cannabis company Tilray Brands Inc. reported a loss of US$34.7 million in its first quarter, compared with a loss of US$55.9 million in the same quarter last year, as its net revenue rose 13 per cent.

Third-quarter earnings fell 26% at Delta Air Lines, which struggled to overcome a global technology outage that led to thousands of flight cancellations, and indications that growth in air travel is beginning to slow.

NEW DELHI (AP) — Ratan Tata, a former chairman of Indian conglomerate Tata Sons hailed as a visionary business leader, died at a Mumbai hospital on Wednesday night. He was 86.

VANCOUVER — B.C. Conservative Leader John Rustad has changed his story about seeing a man die of a drug overdose on his way to a televised election debate, after the BC Coroners Service said it had no record of such a death where he said it occurred.

WINNIPEG — A Winnipeg landlord has been assessed $9,000 in penalties after dozens of tenants were evicted on short notice from an apartment block.

TORONTO — Finance Minister Chrystia Freeland said Wednesday that the federal government is moving ahead with guidelines around sustainable investing and corporate climate disclosures, but details on the plans are scarce.

TORONTO — Canaccord Genuity Group Inc. says it has named former RBC executive Nadine Ahn as deputy chief financial officer, with the expectation that she'll step into the top CFO role next year.