National Business

With inflation at a nearly 40-year high, Canadians are feeling the financial strain. In a six-part series this summer, The Canadian Press is speaking to people at different stages of life to see where they’re being hit the hardest.

DES MOINES, Iowa (AP) — A giant Mega Millions lottery jackpot ballooned to $1.02 billion after no one matched all six numbers Tuesday night and won the top prize. The new estimated jackpot will be the nation’s fourth-largest lottery prize.

MONTREAL — Despite recession hurdles on the horizon, Canadian National Railway Co.

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (18,972.68, down 131.80 points.) Athabasca Oil Corp. (TSX:ATH). Energy. Down five cents, or 2.23 per cent, to $2.19 on 10.

TORONTO — North American markets ended the trading day in the red, with a double-digit decline in Shopify Inc. weighing on the technology sector of Canada's main stock exchange and U.S.

WINDSOR, Ont.

HALIFAX — Nova Scotia’s premier has chosen two “personal friends” to help with the transition of five economic agencies with annual budgets totalling $100 million into two new Crown corporations.

HALIFAX — Nova Scotia’s Progressive Conservative government introduced legislation Tuesday that would rescind a recommended 12.6 per cent pay raise for members of the legislature.

Canadian tech giant Shopify Inc.'s share price fell by more than 14 per cent Tuesday after revealing it will lay off 10 per cent of its workforce because the company misjudged the growth of the e-commerce sector.

TORONTO — The Canadian National Exhibition is returning to Toronto next month after a two-year hiatus. CNE organizers say there will be several new attractions as well as familiar favourites.