National Business

TORONTO — Home prices posted the second-highest increase ever recorded in a single month after the one observed in July 2006, according to the latest Teranet-National Bank composite index. The index for July was up 2.

In the face of a North American pilot shortage, Canadian discount carrier Flair Airlines is launching a unique training program that will fast-track candidates into the cockpits of the company's jets.

TORONTO — Canadian LinkedIn users wanting to ensure the public that they're the real deal now have another method of verifying their online/digital identity: government identification.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (19,812.23, down 86.84): Suncor Energy Inc. (TSX:SU). Energy. Up $1.08, or 2.51 per cent, to $44.18 on 10.5 million shares.

TORONTO — Strength in energy stocks Thursday wasn't enough to keep Canada's main stock index from posting a loss amid weakness in tech and other sectors, while U.S. markets also declined.

NEW YORK (AP) — Wall Street fell for a third straight day as rising yields in the bond market keep cranking up the pressure. The S&P 500 lost 0.8% Thursday, with August on track to be its worst month of the year by far.

BÉCANCOUR, Que. — Ford Motor Co. and its South Korean partners said Thursday they're building a $1.2 billion manufacturing plant for electric vehicle battery material in Quebec with the help of government funding.

TORONTO — Investment in Canadian fintech companies plunged in the first half of the year as valuations fell to levels not seen since the beginning of the pandemic, says a report by KPMG in Canada.

TORONTO — Metro Inc. has asked a conciliation officer to step in and help it find a resolution to a strike by grocery store workers in Toronto, the grocer said Thursday.

The average long-term U.S. mortgage rate climbed this week to its highest level in more than 20 years, pushing up borrowing costs for homebuyers already challenged by a housing market that remains competitive due to a dearth of homes for sale.