National Business

MONTREAL — Despite recession hurdles on the horizon, Canadian National Railway Co.

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (18,972.68, down 131.80 points.) Athabasca Oil Corp. (TSX:ATH). Energy. Down five cents, or 2.23 per cent, to $2.19 on 10.

TORONTO — North American markets ended the trading day in the red, with a double-digit decline in Shopify Inc. weighing on the technology sector of Canada's main stock exchange and U.S.

WINDSOR, Ont.

HALIFAX — Nova Scotia’s premier has chosen two “personal friends” to help with the transition of five economic agencies with annual budgets totalling $100 million into two new Crown corporations.

HALIFAX — Nova Scotia’s Progressive Conservative government introduced legislation Tuesday that would rescind a recommended 12.6 per cent pay raise for members of the legislature.

Canadian tech giant Shopify Inc.'s share price fell by more than 14 per cent Tuesday after revealing it will lay off 10 per cent of its workforce because the company misjudged the growth of the e-commerce sector.

TORONTO — The Canadian National Exhibition is returning to Toronto next month after a two-year hiatus. CNE organizers say there will be several new attractions as well as familiar favourites.

BRUSSELS (AP) — European Union governments agreed Tuesday to reduce consumption of natural gas this winter to protect themselves against any further supply cuts by Russia amid its invasion of Ukraine, although the measure contains exemptions for some

OTTAWA — Statistics Canada says sales in the food service and drinking places subsector increased three per cent to $7.4 billion in May, the highest value since the beginning of the COVID-19 pandemic and of the series.