National Business

NEW YORK (AP) — Stocks closed lower on Wall Street, pulling the S&P 500 down 10% from the peak it reached in July. That puts the benchmark index into what’s called a ‘correction.

TORONTO — Losses in the financial and utilities sectors helped lead Canada's main stock index lower on Friday, while U.S. stock markets were mixed. The S&P/TSX composite index closed down 137.92 points at 18,737.39.

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (18,737.39, down 137.92 points): Corus Entertainment Inc. (TSX:CJR.B). Media. Down 23 cents, or 25.28 per cent, to 68 cents on 7.

TORONTO — Unifor is heading into the final weekend of its negotiations with Stellantis before a strike deadline, as the United Auto Workers in the U.S. also move into a new stage of talks. Unifor has set Oct. 29 at 11:59 p.m.

OTTAWA — Federal Housing Minister Sean Fraser says a search is underway for a new CEO of Canada's housing agency after current leader Romy Bowers has said she's stepping down.

As interest in non-alcoholic drinks grows, major alcohol brands are making moves with sober versions of well-known products like Guinness and Tanqueray gin. Experts say it’s a sign there’s still plenty of room for growth in the industry.

VANCOUVER — Retailers across Canada are concerned about an uptick in violence as a "tsunami" of retail theft plagues businesses that threatens the safety of employees and customers, says the general manager for loss prevention at London Drugs.

CALGARY — Imperial Oil Ltd. expects its recently completed transition to self-driving trucks at its Kearl oilsands mine will help boost bitumen production from that site to all-time record levels in the coming years.

HALIFAX — Nova Scotia’s premier cast doubt Friday on a corporate tax rebate that was a key promise in his party’s 2021 election platform.

Growing up on the North Shore near Vancouver, Peter Hlynsky recalls riding his 1990s mountain bike with deep sea fishing lights strapped to his handlebars in the dead of night, while wearing hockey padding.