National Business

TORONTO — An Ontario court has approved a sales process and stalking horse bid for Red Lobster Canada, which is operating under court protection from creditors. The move comes after a U.S.

NEW YORK (AP) — U.S. stocks edged up to more records following the latest signal that the economy’s growth may be slowing without cratering, while Nvidia continued its rocket ride upward to become Wall Street’s most valuable company.

Four First Nations have signed a deal with Ontario for new roads, other infrastructure projects and skills training as the province lays a foundation for plans to mine the mineral-rich Ring of Fire region.

TORONTO — The head of Canadian artificial intelligence darling Cohere says the technology is not bound to exceed human capabilities any time soon and if it does, he's skeptical any sci-fi like scenarios will arise.

CALGARY — Canadian oil and gas companies facing a federally imposed emissions cap will decide to cut their production rather than invest in too-expensive carbon capture and storage technology, a new report by Deloitte says.

MONTREAL — Nuvei Corp. shareholders have voted overwhelmingly in favour of a plan that will see the company bought by an American private equity firm and taken private at a US$6.3-billion valuation. The company says 99.

CALGARY — WestJet mechanics say they are poised to walk off the job early as Thursday night after serving the airline with a 72-hour strike notice yesterday.

DETROIT (AP) — Stellantis is recalling nearly 1.2 million vehicles in the U.S. and Canada to fix a software glitch that can disable the rearview cameras.

NEW YORK (AP) — Consumers barely increased spending in May from April as still high prices on groceries and other necessities and high interest rates curbed spending. Retail sales rose 0.

Dollar Tree failed to effectively recall lead-tainted applesauce pouches linked to reports of illness in more than 500 children, leaving the products on some stores shelves for two months, the Food and Drug Administration said Tuesday.