National Business

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.

Canada’s biggest grocers are investing money and space in discount stores such as No Frills, Food Basics and FreshCo as shoppers look for ways to save on food amid the higher cost of living.

ST. JOHN'S, N.L.

MONTREAL — The United Steelworkers union says it has reached a tentative deal with Canadian National Railway Co. for a new contract covering 3,000 workers in Canada.