National Business

TORONTO — The Body Shop Canada Ltd. is seeking creditor protection and closing a third of its stores because its parent company stripped the Canadian arm of cash and pushed it into debt, according to court documents.

LONDON (AP) — The European Union leveled its first antitrust penalty against Apple on Monday, fining the U.S.

TORONTO — February auto sales hit an all-time high for the month after jumping 24.4 per cent from last year, DesRosiers Automotive Consultants Inc. said Monday.

DUBAI, United Arab Emirates (AP) — Three Red Sea underwater cables providing internet and telecommunications around the world have been cut as the waterway remains a target of Yemen’s Houthi rebels , officials said Monday.

CALGARY — TC Energy Corp.'s plan to shore up its balance sheet with $3 billion or more in asset sales took a step forward Monday after a deal to sell a U.S. pipeline.

BOSTON (AP) — Regina Lawless hit a professional high at 40, becoming the first director of diversity and inclusion for Instagram.

CALGARY — Simpson Oil Ltd. says it will evaluate its options to protect its shareholder rights once restrictions under an agreement that limits its ability to nominate and vote for board members at Parkland Corp. expire on March 31.

Canadians are continuing to be laid off as part of a wave of job cuts that began in 2023 as companies assessed their operations after the height of the COVID-19 pandemic passed.

OTTAWA — The Bank of Canada is expected to preach patience at its interest rate announcement this week as economists say weakening economic conditions are setting the stage for rate cuts in the coming months.

TORONTO — Five things to watch for in the Canadian business world in the coming week: Home sales Some of Canada's biggest cities are reporting their February home sales this week.