National Business

VANCOUVER — Teck Resources Ltd. says it's taking on a new business structure as it shifts to a pure-play energy transition metals company. The company says it now has two regional business units, one for North America and one for Latin America.

ATLANTIC CITY, N.J.

ATLANTIC CITY, N.J.

HALIFAX — Layoffs at Atlantic Canada’s largest newspaper chain are necessary because the properties were facing bankruptcy, according to the CEO of Postmedia Network Inc.

TORONTO — Canada's main stock index rose on Friday, as strength in financial and technology stocks helped outweigh weakness in energy, while U.S. markets rose to a solid finish after a day of mixed trading.

WASHINGTON — The federal government says it's in close contact with its American partners as the Biden administration escalates efforts to halt Canada’s tax on large foreign digital services companies.

THIS IS A BREAKING NEWS UPDATE. AP’s earlier story follows below. Stocks on Wall Street bounced back from a midafternoon fade Friday, leaving the market on pace to close out its fourth-straight winning month with more gains. The S&P 500 was up 0.

MONTREAL — The governments of Canada, Quebec and the City of Montreal are crediting a new fast-track housing program for plans to build 1,001 affordable homes in Montreal and Rimouski, Que.

The president of the union representing thousands of railroaders says the government's actions set a "dangerous precedent" that threatens workers' constitutional right to collective bargaining.

OTTAWA — Economists say the Bank of Canada is still on track to cut interest rates next week, despite economic growth coming in stronger than expected in the second quarter.