National Business

Insolvency statistics for May show a rise from April but are down from a year ago, when the Bank of Canada had yet to start lowering interest rates. The 12,395 insolvencies in May was up 2.3 per cent from April, while down 2.

Canada's housing agency says advertised rents in some major cities are easing due to factors such as increased supply and slower immigration, but renters are still not feeling relief.

VALCOURT — BRP Inc. has signed a deal to sell its Manitou pontoon boat business to the Marcott family, owners of Bentley Pontoons, as part of its plan to focus on its powersports operations. Financial terms of the deal were not immediately available.

The popularity of exchange-traded funds often triumphs over old-school mutual funds among social media-savvy investors. But experts say they both have their place in the financial system.

VICTORIA — The British Columbia government is boosting a tax credit to help developers of video games such as Electronic Arts hire additional staff and invest money locally.

DUBAI, United Arab Emirates (AP) — A Liberian-flagged cargo ship came under fire from Houthi rebels Monday in the Red Sea, with two on board reported to be hurt and two others missing in an assault a day after the Yemen-based rebels sunk another vess

TORONTO — Canada's main stock index finished lower, driven partly by weakness in real estate stocks, as U.S. markets fell. The S&P/TSX composite index was down 15.88 points at 27,020.28.

HALIFAX — Nova Scotia’s NDP says the provincial government's failure to address the cost of living has made affordability in Halifax comparable to that in Toronto, and the party is calling for urgent action.

FREDERICTON — The owner of a New Brunswick vodka distillery says he anticipates competition to get tougher as the provincial government pursues new rules to remove trade barriers with the rest of Canada.

CALGARY — Alberta plans to hold public consultations this fall on adding nuclear power to the province's energy mix, Premier Danielle Smith said Monday.