National Business

TORONTO — Consumer debt rose to a record $2.5 trillion in the third quarter as many Canadians continue to struggle with high living costs and rising unemployment, new surveys from two credit bureaus say.

TORONTO — Another Canadian company is going private after a sovereign wealth fund of the United Arab Emirates reached a $4.7-billion deal to buy CI Financial Corp.

OTTAWA — Bank of Canada deputy governor Rhys Mendes says allowing for a period of price declines may sound tempting, but it would ultimately be more painful for Canadians.

You see an affordable product with thousands of reviews and an average rating of at least four stars. Add to cart? Maybe, maybe not.

Groupe Dynamite Inc. says it has closed its initial public offering. The Montreal-based firm behind the Garage and Dynamite retailers says the offering wound up oversubscribed.

SMITHS FALLS, Ont. — Canopy Growth Corp. has named Luc Mongeau as the cannabis company's next chief executive officer.

Business and political leaders in Canada say there will be pain if Donald Trump follows through on his pledge to impose a 25-per cent tariff on all Canadian goods, but they note the hurt will happen in his country as well.

MONTREAL — Documents supporting Via Rail's ongoing attempt to secure better access to tracks owned by Canadian National Railway Co. shed new light on an increasingly strained relationship between the carriers.

OTTAWA — Canada Post says it's missed out on delivering an estimated 10 million parcels as a strike by more than 55,000 workers across the country continues ahead of Black Friday.

CROWSNEST PASS, Alta. — Heavy snow didn't stop a steady stream of voters in Crowsnest Pass from casting ballots Monday in favour of bringing King Coal back to this scenic rocky patch of Alberta’s southwest.