National Business

TORONTO — George Weston Ltd. says its second-quarter profit available to common shareholders amounted to $258 million, down from $400 million in the same quarter last year. The company, which holds large interests in Loblaw Cos. Ltd.

OMAHA, Neb. (AP) — Union Pacific is seeking to buy Norfolk Southern in a deal valued at $85 billion in a merger that could trigger the final wave of railroad mergers across the country.

MONTREAL — Air Canada says it had a net income of $186 million in the second quarter, down from $410 million in the same quarter last year, in what it characterized as a "challenging environment.

UnitedHealth missed Wall Street’s second-quarter earnings expectations and offered a new and conservative take on the rest of 2025.

Business leaders and academics say they hope to see Canada and the U.S. maintain free trade protections for most goods once an agreement is reached, even if the negotiations can't stave off certain sectoral tariffs.

VANCOUVER — Environment Canada has issued heat warnings for a swath of British Columbia's Interior stretching from Grand Forks near the U.S. border to areas north of Prince George.

HALIFAX — There's been a surge in the number of Nova Scotians with complex disabilities stuck in temporary housing, according to recent figures released by the province.

MONTREAL — TFI International Inc. has reported a drop in second-quarter profit as weak demand took a toll on the volume of goods it hauls. Canada's largest trucking firm reported net income of US$98.

TORONTO — Canada's main stock index fell to open the week as gains in energy were offset by losses in metals, industrials and utilities, while U.S. markets were mixed. The S&P/TSX composite index closed down 88.93 points at 27,405.42.

NEW YORK (AP) — U.S. stocks coasted to a quiet finish to begin a week full of potentially market-moving events. The S&P 500 edged up by less than 0.1% on Monday to set an all-time high for the sixth straight day.