National Business

OTTAWA — The top executive at Sobeys asserted on Monday that Canada has one of the most competitive grocery retail sectors on the planet — even as Canadians continue to feel the bite of higher prices.

OTTAWA — Canada's financial intelligence agency says it anticipates that criminals will increase their use of cryptocurrency to raise, move and hide funds outside the traditional banking system.

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (20,410.21, down 42.66 points): Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Down $1.31, or 1.43 per cent, to $90.32 on 30.

MONTREAL — Quebec's prosecution service says it has abandoned criminal charges against Vincenzo Guzzo, CEO of a large independent movie theatre chain and investor on CBC Television's "Dragons' Den.

TORONTO — Canada's main stock index moved lower on Monday, dragged down by losses in energy and base metals, while U.S. markets also ended the day in the red, led by weakness on the Nasdaq.

TORONTO — A new Desjardins report suggests short-term rentals likely contributed to the housing affordability crisis in Canada and around the world.

A wave of layoffs last year, which left thousands of Canadian workers jobless, is continuing this year as recession predictions loom and the tech sector downturn deepens.

NEW YORK — Stocks slipped on Wall Street ahead of some key reports this week on the job market that might provide more insight into the Federal Reserve’s thinking about interest rates. The S&P 500 fell 0.5% Monday.

TORONTO — Ailing toy retailer Mastermind GP Inc. says it has reached a deal to sell the bulk of its business to a company representing three big names in the Canadian retail world.

GATINEAU, Que. — The Competition Bureau has been granted an order by the Federal Court of Canada requiring Rogers Communications Inc. to produce records related to an investigation into the company's Infinite wireless phone plans.