National Business

HALIFAX — Postmedia Network Inc. has won court approval for its bid to buy Atlantic Canada's largest newspaper chain, but the company says the acquisition will lead to job cuts.

Experts say airfares may go up in the immediate aftermath of a hailstorm that tore through Calgary on Monday evening, damaging planes at WestJet and Flair Airlines and upending travel plans for thousands of passengers.

GUELPH, Ont. — Manufacturer Linamar Corp. says its earnings and revenue rose during the last quarter that longtime CEO Linda Hasenfratz will serve in the top role.

TORONTO — Canada's main stock index rose almost 350 points Thursday, powered by a broad-based rally on the Toronto market, while U.S. stocks also surged higher.

HALIFAX — Halifax Regional Municipality is developing a code of conduct for people sleeping rough at city-designated homeless encampments, many of which are growing far beyond their stated capacity.

Maple Leaf Foods Inc. reported a loss of $26.2 million in its latest quarter compared with a loss of $53.7 million a year earlier as it prepares to spin off its pork business. The Mississauga, Ont.

TORONTO — The head of Canadian Tire Corp. Ltd. says indebted shoppers are cutting back on spending even more — and he doesn't see that trend turning around quickly.

Ottawa Mayor Mark Sutcliffe says the city is facing a "financial crisis" that raises the spectre of tax hikes and service cuts, alleging the city has been treated unfairly on issues of taxes and transit by the federal and provincial governments.

SURREY, B.C. — A provincial court judge in Surrey, B.C., has thrown out a small claims case between a lumber company and a fence building firm over an "unlawful scheme" between the two to avoid paying GST and PST.

The world's largest potash producer warned its sales volumes for 2024 could take a hit if a possible strike by thousands of Canadian rail workers goes ahead this month. Nutrien Ltd.