National Business

MONTREAL — MTY Food Group Inc. reported its second-quarter profit rose compared with a year ago as acquisitions helped boost revenue. The restaurant franchisor and operator says its net income attributable to owners totalled $30.4 million or $1.

CALGARY — TransAlta Corp. says it has signed an agreement to acquire the minority stake in TransAlta Renewables Inc. that it does not already own in a deal it says will help simplify its structure and improve its strategic position.

OTTAWA — Gordon Reid, the Canadian businessman who founded discount store chain Giant Tiger, has died at 89. The company says in a statement that Reid died at his home after a brief illness.

TORONTO — Cineplex says box office revenues in June were $56 million, amounting to 98 per cent of box office revenues from the similar period in 2019.

TORONTO — Canadian media companies Postmedia Network Canada Corp. and Nordstar Capital LP, the company that owns the Toronto Star, have ended discussions about a potential merger, saying they were unable to come to an agreement.

TORONTO — Intact Financial Corp. estimates its catastrophe losses for the second quarter were around $421 million on a pre-tax basis. The property and casualty insurer says in a news release the loss amounted to $1.79 per share after tax.

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (19,822.45, down $8.59): Canadian Natural Resources Ltd. (TSX:CNQ). Energy. Up 22 cents, or 0.30 per cent, to $74.39 on 9.

MONTREAL — Dollarama Inc.'s chief financial officer will be stepping down from his position in the coming months to pursue another career opportunity. The company says J.P.

TORONTO — Canada's main stock index ticked lower Monday, weighed down by losses in telecom and utility stocks, while U.S. stock markets rose. It was a generally quiet day on the markets as investors gear up for a big Wednesday that will see U.S.

MONTREAL — The patrol planes Bombardier Inc. hopes could replace aging Canadian military aircraft will have a price "competitive" with that of jets from rival Boeing Inc., the Montreal-based company says.