National Business

WASHINGTON (AP) — McKinsey & Company consulting firm has agreed to pay $650 million to settle a federal investigation into its work for opioids manufacturer Purdue Pharma, according to court papers filed in Virginia on Friday.

OTTAWA — Statistics Canada says wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, rose one per cent to $83.7 billion in October.

It's Day 29 of the Canada Post strike, with Christmas fast approaching and still no apparent movement at the bargaining table.

For the past few years, Julia Wilson and her mom have planned an annual weekend getaway to New York City for her November birthday that's typically packed with dinner reservations and shopping.

The British Columbia government is increasing tax incentives for both local and international film and TV projects in an effort to attract more major productions to the province.

WINNIPEG — Manitoba Premier Wab Kinew says his government is preparing a list of potential retaliatory measures if the United States government imposes new tariffs on Canadian goods.

CALGARY — Alberta Premier Danielle Smith says the province is putting $29 million toward creating a new sheriff patrol unit to shore up security at the Canada-United States border.

TORONTO — Canada's main stock index lost nearly 250 points Thursday, led by weakness in energy and base metals, while U.S. markets also fell. The S&P/TSX composite index closed down 246.99 points at 25,410.71.

Empire’s chief executive believes the grocery retailer has a leg up on the competition as consumer sentiment improves amid lower inflation and interest rates, and the gap between its discount and full-service stores shrinks.

MONTREAL — Quebec’s largest hotel will close over the holidays due to an ongoing labour dispute. The Fairmont Queen Elizabeth Hotel says it will close its doors temporarily, starting Dec.