National Business

OTTAWA — The Bank of Canada is turning its attention to when it may be able to start cutting interest rates, governor Tiff Macklem said Wednesday as he announced the central bank's decision to hold its key rate at five per cent.

TORONTO — Ford says a recall of its Explorer SUVs will affect 93,000 Canadians.

BOUCHERVILLE, Que. — Rona Inc. says it's cutting about 300 jobs and closing two distribution centres as part of a plan to adjust its operating model and eliminate inefficiencies.

When Nandini Gokhale took over a friend’s lease for a bedroom in an Ottawa home in 2020, she was happy she'd found an affordable space in the middle of the pandemic.

OTTAWA — The Bank of Canada kept its key interest rate target on hold at five per cent on Wednesday.

TORONTO — As competitors circle the market, Firehouse Subs is on a mission to lure in an uncommon set of restaurant owners to help it grow the brand in Canada.

MONTREAL — MTY Food Group Inc. says it is raising its quarterly dividend by 12 per cent. The restaurant franchisor and operator says it will now pay shareholders a quarterly dividend of 28 cents per share, up from 25 cents per share.

PORTLAND, Ore.

MONTREAL — Canadian National Railway Co. is girding itself for ripple effects from the conflict in the Red Sea, where attacks on cargo vessels have prompted a wholesale shift in global shipping.

TORONTO — Manulife Financial Corp. says it has reached a deal to offer Aeroplan loyalty points to group benefits members through its new digital platform.