National Business

BOUCHERVILLE, Que. — Rona Inc. says it's cutting about 300 jobs and closing two distribution centres as part of a plan to adjust its operating model and eliminate inefficiencies.

When Nandini Gokhale took over a friend’s lease for a bedroom in an Ottawa home in 2020, she was happy she'd found an affordable space in the middle of the pandemic.

OTTAWA — The Bank of Canada kept its key interest rate target on hold at five per cent on Wednesday.

TORONTO — As competitors circle the market, Firehouse Subs is on a mission to lure in an uncommon set of restaurant owners to help it grow the brand in Canada.

MONTREAL — MTY Food Group Inc. says it is raising its quarterly dividend by 12 per cent. The restaurant franchisor and operator says it will now pay shareholders a quarterly dividend of 28 cents per share, up from 25 cents per share.

PORTLAND, Ore.

MONTREAL — Canadian National Railway Co. is girding itself for ripple effects from the conflict in the Red Sea, where attacks on cargo vessels have prompted a wholesale shift in global shipping.

TORONTO — Manulife Financial Corp. says it has reached a deal to offer Aeroplan loyalty points to group benefits members through its new digital platform.

ST. JOHN'S, N.L. — Just days after celebrating the issuing of the province's first ride-sharing licence, the Newfoundland and Labrador government has suspended it, citing possible "new information" about the successful company.

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (21,034.59, up 110.29 points): Royal Bank of Canada. (TSX:RY). Finance. Up 33 cents, or 0.25 per cent, to $133.74 on 8.8 million shares.