National Business

TORONTO — Shares in First Quantum Minerals Ltd. lost more than a quarter of their value on Monday after the president of Panama said over the weekend that he would hold a referendum on a law that cleared the way for the company's Cobre Panama mine.

TORONTO — Canada's main stock index gained more than 100 points Monday, helped by strength in financial, industrial, utilities and technology stocks, while U.S. markets also rose.

MONTREAL — Air Canada reported soaring profits in its latest quarter as consumers continued to spend big on travel, despite higher inflation and interest rates weighing on their wallets.

TORONTO — Cargo is moving again on the St.

TORONTO — Young Canadians are more anxious about their personal debt and more likely to have missed a bill payment this year, according to Equifax Canada.

Canadian businesses using Facebook or Instagram have a new way to mark their authenticity. The platforms' owner, Meta Platforms Inc.

WAYNE, Mich. (AP) — As Britney Johnson paced the picket line outside Ford's Wayne Assembly plant, she wasn't just carrying a sign demanding higher pay and other changes.

McDonald's said it's pumping the brakes on higher prices and focusing more on value meals after seeing a drop-off in visits by some customers. The burger giant reported better-than-expected sales in the third quarter Monday.

VANCOUVER — Teck Resources Ltd. says Harry (Red) Conger will retire as president and chief operating officer, effective Wednesday. He is also expected to step down from Teck’s board of directors at the same time.

As tougher lending requirements have more homeowners turning to the private mortgage market, brokers say having a strategy to eventually get out of the loan is crucial, or they risk falling into a debt trap that could eventually lead to a ‘For Sale’