National Business

OTTAWA — Canada's unemployment rate continues to trend higher as the Bank of Canada's steep interest rate hikes weigh down the economy leaves workers with fewer options in the job market.

Walmart Canada says it will invest nearly $1 billion this fiscal year on a slew of projects meant to modernize the retail giant's Canadian footprint. The spending will include more than $300 million for store remodels and renovations.

TORONTO — BMO Financial Group said Friday it expects higher cost savings from its US$16.3 billion Bank of the West acquisition as part of a wider focus on efficiencies to weather the economic slowdown.

When consumers think about ways to reduce their carbon footprint, lowering their car usage, eating fewer animal products and reducing their waste likely come to mind. But there’s another, perhaps easier, way to cut your emissions: delete old emails.

SMITHS FALLS, Ont. — Canopy Growth Corp. says the aggregate gross proceeds from selling off its sports drink business total $30.4 million. The Smiths Falls, Ont.

TORONTO — First Quantum Minerals Ltd. says it has started arbitration proceedings to protect its rights at its Cobre Panama mine which has been the subject of environmental protests.

NICOSIA, Cyprus (AP) — The Cyprus government and U.S. energy company Chevron have reached a deal on how to develop the Aphrodite gas field, the first to be discovered under the seafloor off Cyprus, an official Friday.

OTTAWA — The national unemployment rate was 5.8 per cent in November. Statistics Canada also released seasonally adjusted, three-month moving average unemployment rates for major cities.

OTTAWA — Canada's national unemployment rate was 5.8 per cent in November. Here are the jobless rates last month by province (numbers from the previous month in brackets): _ Newfoundland and Labrador 10.0 per cent (10.0) _ Prince Edward Island 8.

OTTAWA — A quick look at Canada's November employment (numbers from the previous month in brackets): Unemployment rate: 5.8 per cent (5.7) Employment rate: 61.8 per cent (61.9) Participation rate: 65.6 per cent (65.