National Business

HAMILTON — Seven years after it climbed out of creditor protection and embarked on a major turnaround, Stelco Holdings Inc. said it will be acquired by Cleveland-Cliffs Inc. in a $3.4-billion deal. In a release Monday, the storied Hamilton, Ont.

The Bank of Canada says business and consumer sentiment remained subdued during the second quarter of the year even as the country saw its first interest rate cut in years.

TORONTO — Corus Entertainment Inc. says it expects to have slashed 25 per cent of its full-time workforce by the end of next month compared with the beginning of its 2023 fiscal year, as the company continues to "aggressively cut costs.

MONTREAL — Wildfires burning near Labrador City, N.L. have prompted mining companies in the area to temporarily halt operations. Over the weekend, Montreal-based Champion Iron Ltd. and Toronto-based Iron Ore Co.

OTTAWA — Statistics Canada says wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, fell 0.8 per cent to $82.2 billion in May.

EDMONTON — The Alberta government plans to relax a rule that requires energy companies seeking to buy viable wells from bankruptcy proceedings to first pay all the failed producer's outstanding taxes.

The industry representing Canadian telecommunications carriers and manufacturers is warning that new "anti-scab" legislation could leave Canadians in the dark if a network goes down during a labour stoppage.

At Okini Restaurant and Bar in Vancouver, co-owners Steph Wan and Kevin Lin craft gorgeous plates of AAA steak served with duck fat potatoes and broccolini, and golden eagle sablefish doused in a fuji apple broth and adorned with zucchini.

MONTREAL — Five Quebec municipalities located by a proposed site for a graphite mine with ties to the Pentagon have created an alliance to accelerate public consultations on the project and pressure the provincial government to listen to what locals

OTTAWA — The Federal Court of Canada is being asked to declare that only humans — and not artificial intelligence — can be considered authors under Canada’s copyright law.