National Business

VANCOUVER — Shares of Equinox Gold Corp. fell nearly 20 per cent in early trading Tuesday after the company announced a deal to raise US$150 million in an offering of convertible debt.

STELLARTON, N.S. — David Sobey, a former chief executive and chair of the Sobeys Inc. grocery store chain, has died. He was 92 years old. Empire Co. Ltd.

NEW YORK (AP) — Stocks are drifting again as Wall Street waits for the Federal Reserve’s latest decision on interest rates. The S&P 500 was off 0.2% early Tuesday. The Dow slipped 37 points and the Nasdaq composite was down 0.4%.

OTTAWA — Canada's annual inflation rate was 4.0 per cent in August, Statistics Canada says.

OTTAWA — Canada's national annual inflation rate was 4.0 per cent in August, Statistics Canada says. Here's what happened in the provinces (previous month in brackets): — Newfoundland and Labrador: 3.8 per cent (2.5) — Prince Edward Island: 3.

MONTREAL — The backlog of air passenger complaints at Canada’s transport regulator has hit a new high topping 57,000, as dissatisfaction over cancellations and compensation persist three and a half years after the outbreak of the COVID-19 pandemic.

TORONTO — Unifor says the likelihood of a strike at Ford Motor Co. is increasing as the expiry of the current contract approaches without a deal in place.

TORONTO — The woman who built Indigo Books & Music Inc. into a Canadian retail juggernaut is returning to the helm of the company just weeks after her retirement.

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (20,492.83, down 129.51 points): TC Energy Corp. (TSX:TRP). Energy. Down 41 cents, or 0.81 per cent, to $50.27 on 14.5 million shares.

TORONTO — Losses in technology and base metal stocks helped lead a broad-based decline as Canada's main stock index fell almost 130 points, while U.S. stock markets lost steam midway through the trading day to essentially end flat.