National Business

TORONTO — The owner of Canada's most recognizable fast-food chain managed to grow its profit in its most recent quarter, even as a pullback in consumer spending that's long been roiling retailers cropped up in the quick-serve market.

The average rate on a 30-year mortgage fell this week to its lowest level in more than a year, a welcome affordability boost for prospective homebuyers and homeowners looking to refinance their home loan to a lower rate. The rate fell to 6.

The number of Americans filing for jobless benefits fell last week but remain at slightly elevated though not troubling levels. Jobless claims for the week of Aug. 3 fell by 17,000 to 233,000 last week, the Labor Department reported Thursday.

TORONTO — CIBC is adding TC Energy Corp. chief executive François Poirier to its board of directors. The major Canadian bank says Poirier will join its board effective Sept. 1.

It’s always good to buy insurance before you need it, as some investors might be realizing these days.

HALIFAX — Residents of small communities across Canada are finding creative ways of getting around Facebook's news blackout to share updates about dangerous weather events, but they say it's still tough to get information to people quickly on the pla

KINGSEY FALLS, Que. — Cascades Inc. reported its second-quarter profit fell compared with a year ago as its sales edged higher.

BARCELONA, Spain (AP) — Police launched a manhunt in Barcelona on Thursday for ex-Catalonia leader and fugitive Carles Puigdemont , a celebrated campaigner for Catalan independence who made a sensational return to Spain and an equally sensational get

TORONTO — Documentaries about the rise and fall of Vice Media and efforts to return cultural artifacts to Indigenous nations are among the projects heading to the Toronto International Film Festival.

BRAMPTON, Ont. — MDA Space Ltd. reported $11.0 million in net income for its latest quarter compared with $9.9 million in the same quarter last year.