National Business

TORONTO — The brand-new board of directors at Dye & Durham Ltd. has named Hans T. Gieskes as chair of the board as well as interim CEO.

MONTREAL — Seized with a liquidity crisis, the Lion Electric Co. said Tuesday it expects to seek protection from creditors under the Companies' Creditors Arrangement Act.

ST. JOHN'S, N.L.

TORONTO — Ontario is investing $93 million to build a new base and buy new planes for Ornge, the province's air ambulance organization.

The Canada Mortgage and Housing Corp. says the pace of rent growth cooled significantly this year amid Canada's largest gain of purpose-built rental supply in more than three decades.

OTTAWA — Ottawa plans to boost penalties for anti-money-laundering oversight failures by 40 times as part of several measures it wants to roll out to crack down on the issue.

SAN FRANCISCO (AP) — A San Francisco jury on Tuesday found a tech consultant guilty of second-degree murder in the stabbing death of Cash App founder Bob Lee.

CALGARY — Parkland Corp. says its current chief financial officer Marcel Teunissen will assume the role of president for North America effective Jan. 1.

OTTAWA — The federal banking regulator says the amount of money Canada's big banks must keep on hand in case of economic shock will stay at its current level.

TORONTO — The last of your debt is finally paid off and that money set aside in your budget for loan repayments is now free to be used elsewhere.