National Business

HALIFAX — The federal government is set to announce a new high frequency rail corridor to improve the connection between some of Ontario and Quebec’s major cities.

OTTAWA — Canada Mortgage and Housing Corp. is easing its underwriting criteria for mortgage loan insurance after changes it made last year were not effective and caused it to lose market share.

VANCOUVER — The real estate market in Metro Vancouver eased in June from its record-setting pace in March and April.

OTTAWA — Hiring intentions among businesses have hit an all-time high and workers' confidence in landing a job has rebounded nearly to pre-pandemic levels as the country looks to a summer rebound from the pandemic, the Bank of Canada says.

LONDON (AP) — British Prime Minister Boris Johnson confirmed Monday that his government plans to scrap laws requiring face masks and social distancing later this month, though he acknowledged that lifting the restrictions will drive surging coronavir

TORONTO — Porter Airlines is pushing back the date it plans to resume flying to Sept. 8, nearly 18 months after it suspended flights due to the pandemic. The airline has delayed the resumption of its flights several times.

WINNIPEG — Exchange Income Corp. says it has signed a deal to buy Carson Air Ltd. for $61 million in stock and cash. Under the deal for the Kelowna, B.C.

MONTREAL — Saputo Inc. has signed a deal to buy British cheesemaker Wensleydale Dairy Products Ltd. for $39 million.

TORONTO — Brookfield Business Partners LP has signed a deal to buy DexKo Global Inc., a maker of components for trailer, recreational vehicle and towable equipment providers, for US$3.4 billion. The company is buying DexKo from KPS Capital Partners.

BANGKOK (AP) — A massive explosion at a factory on the outskirts of Bangkok early Monday shook an airport terminal serving Thailand's capital, injured at least 11 people and prompted the evacuation of residents from the area, authorities said.