National Business

House-hunting Canadians saw their buying power increase this week as the benchmark five-year mortgage rate reported by the Bank of Canada fell for the third time this year, easing a key stress test faced by borrowers.

CALGARY — The Alberta Energy Regulator says it has laid charges against Land Petroleum International Inc. and president Bill Fung for hindering AER inspections in 2018.

Chorus Aviation Inc. saw profits fall as passenger numbers plummeted during the height of COVID-19-related shutdowns last quarter.

DUBAI, United Arab Emirates — The Iranian navy boarded and briefly seized a Liberian-flagged oil tanker near the strategic Strait of Hormuz amid heightened tensions between Tehran and the U.S., the American military said Thursday. The U.S.

OAKLAND, Calif. — Beginning Thursday, U.S. Facebook users who post about voting may start seeing an addendum to their messages -- labels directing readers to authoritative information about the upcoming presidential election.

TORONTO — McDonald's Canada says it will return to sourcing only Canadian beef in September after having to import beef temporarily due to COVID-19.

TORONTO — The Chinese company trying to buy TMAC Resources Ltd. has appointed a Barrick Gold Corp. veteran as CEO of its Canadian operations even though the deal is still being reviewed by Ottawa. Hong Kong-traded Shandong Gold Mining Co. Ltd.

TORONTO — Hundreds of thousands of Canadians have been negotiating with lenders over the past few months, hoping to hold off paying debt amid the COVID-19 pandemic. Now, those payments are beginning to filter through the credit reporting system.

NEW YORK — AMC Theatres, the nation's largest movie theatre chain, will reopen in the U.S. on Aug. 20 with retro ticket prices of 15 cents per movie.

Five projects serving 51 communities in northern Canada have been awarded $72 million from the CRTC's Broadband Fund, a program that CRTC chairman Ian Scott says has become even more necessary due to the COVID-19 pandemic.