National Business

TORONTO — Toronto Raptors team president Masai Ujiri tried to lay to rest rumours that he has friction with Edward Rogers, the executive chair of Rogers Communications, Inc.

MONTREAL — Dockworkers kicked off a three-day strike at the Port of Montreal on Monday, shutting down two terminals that handle more than 40 per cent of the container traffic at Canada's second-largest port.

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell signaled Monday that more interest rate cuts are in the pipeline, though their size and speed will depend on the evolution of the economy.

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell signaled Monday that more interest rate cuts are in the pipeline, though their size and speed would depend on the evolution of the economy.

MILAN (AP) — Carmaker Stellantis, the world’s fourth largest carmaker , slashed its earnings forecast on Monday, citing investments to turn around its U.S. operations amid a wider industry slump and increased Chinese competition.

TORONTO — Canada is poised to see significant growth in Indigenous-related project financing, international credit rating agency Morningstar DBRS said Monday.

The owner of Bauer Hockey says affiliates of Fairfax Financial Holdings Ltd. will acquire controlling interest in its overall business. Peak Achievement Athletics Inc.

MONTREAL — The Caisse de dépôt et placement du Québec has increased its stake in dairy company Saputo Inc. The Quebec investment manager says it has acquired 13.5 million shares at a price of $27.96 per share for a total of about $378 million.

DirecTV is buying Dish and Sling as the company, a deal it has sought to complete for years, as seeks to better compete against streaming services that have become dominant.

AT&T is selling its majority stake in DirecTV to private equity firm TPG Partners for $7.6 billion, ending the communication giant's remaining ties to the entertainment industry.