National Business

Between inflation, housing costs and interest rates, debt is ballooning for many younger Canadians. Scott Terrio sees it all the time.

A new report suggests an increasing number of Canadians are seeing their credit card balances balloon as the cost-of-living crisis and higher interest rates eat into household budgets.

T-Mobile is buying U.S. Cellular's wireless operations and certain spectrum assets in a deal valued at $4.4 billion, and further consolidating the industry. As part of the agreement, T-Mobile will get U.S.

BURNABY — The British Columbia government says a new online "hub" will speed up building permit processes across jurisdictions.

CALGARY — A new report commissioned by an industry lobby group on the federal government's proposed emissions cap stirred up strong reactions from both oil and gas supporters and environmental groups on Monday.

Market concentration, higher prices and a mounting tally of customer complaints are fuelling a Competition Bureau study into Canada's airline industry.

TORONTO — Postmedia Network Canada Corp. says it has signed a deal to sell the Winnipeg Sun, the Graphic Leader, and Kenora Miner & News newspapers to the Klein Group Ltd.

MONTREAL — CAE Inc. says it lost $484.3 million in its fourth quarter, compared with profits of $101.9 million a year earlier. The Montreal-based flight simulator maker says revenues for the quarter ended March 31 were $1.1 billion, down from $1.

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (22,373.38, up 52.51 points): Fortune Minerals Ltd. (TSX:FT). Mining. Up three cents, or 33.33 per cent, to 12 cents on 10.

TORONTO — Canada's main stock index posted a small gain Monday, helped by strength in energy and industrial stocks. The S&P/TSX composite index closed up 52.51 points at 22,373.38. With U.S.