National Business

Rogers Communications' plan to buy out Bell's ownership share of Maple Leaf Sports & Entertainment could become a big victory for an emerging power player on the sports media scene.

MONTREAL — Bakery company Bimbo Canada says it's closing its bakery in Quebec City by the end of the year, affecting about 141 workers.

NEW YORK (AP) — Wall Street romped to records Thursday as a delayed jubilation swept markets worldwide following the Federal Reserve’s big cut to interest rates . The S&P 500 jumped 1.

TORONTO — Canada's main stock index gained more than one per cent on Thursday, while U.S. stock markets rallied to new records a day after the U.S. Federal Reserve cut its key interest rate.

Almost seven years since news broke of an alleged conspiracy to fix the price of packaged bread across Canada, the saga isn’t over: the Competition Bureau continues to investigate the companies that may have been involved, and two class-action lawsui

TORONTO — Maple Leaf Foods asserted its innocence in an alleged bread price-fixing scheme ahead of a hearing to determine whether it will be added to an ongoing class-action lawsuit.

TORONTO — Cannabis retailer Tokyo Smoke says it has begun a stalking horse sales process. The sales process allowed by parent company TS Investments Corp. has priced the beleaguered business at $77 million.

TORONTO — The beleaguered Hot Docs Film Festival says it will reopen its flagship Toronto theatre on a limited basis as it embarks on a search for a new leader this fall.

WINNIPEG — Manitoba's ethics commissioner has found an NDP cabinet minister was in the wrong for failing to disclose a business contract with the government but is not recommending a penalty.

VANCOUVER — An agreement between First Nations and the British Columbia government will see thousands of homes made available in Vancouver at 40-per-cent below cost.