National Business

As more and more homeowners face mortgage renewals at surprisingly higher interest rates, some are facing the dreaded prospect of having to sell a home they can no longer afford.

WASHINGTON (AP) — President Joe Biden postponed a trip to Colorado on Monday to stay in Washington and focus on the growing conflict in the Middle East , setting aside an opportunity to pitch his economic accomplishments as he runs for reelection .

MONTREAL — A private equity firm has signed an agreement to buy Logistec Corp. in an acquisition that values the Quebec-based company at about $1.2 billion.

QUITO, Ecuador (AP) — Daniel Noboa, an inexperienced politician and an heir to a fortune built on the banana trade, won Ecuador’s presidential runoff election Sunday held amid unprecedented violence that even claimed the life of a candidate.

TORONTO — Sean Kady spent most of his 20s toting around a teal tackle box that once belonged to his roommate's grandfather. Occasionally, people would spot the box and ask to borrow a wrench, but it didn't contain tools or bait.

WARSAW, Poland (AP) — Polish opposition leader Donald Tusk declared the beginning of a new era for his country after opposition parties appeared to have won enough votes in Sunday's parliamentary election to oust the governing nationalist conservativ

Canada's largest private-sector union says workers at General Motors Co. have a new three-year collective agreement, with 80.5 per cent of them ratifying it in a vote held online and in person.

TORONTO — Five things to watch for in the Canadian business world in the coming week: Suncor Suncor Energy CEO Rich Kruger is slated to appear before the Natural Resources parliamentary committee Monday.

MANCHESTER, England (AP) — Qatar's Sheikh Jassim bin Hamad Al Thani is withdrawing his offer to buy Manchester United, a person with knowledge of the process told The Associated Press on Saturday.

SACRAMENTO, Calif. (AP) — California will raise the minimum wage for health care workers to $25 per hour over the next decade under a new law Democratic Gov. Gavin Newsom signed Friday.