National Business

TORONTO — Aimia Inc. says it has signed a deal to buy rope and net maker Tufropes for $249.6 million. Under the deal, Paladin Private Equity LLC will be Aimia's partner. It will have an option to acquire up to a 19.

WASHINGTON (AP) — The outlook for the global economy is growing slightly brighter as China eases its zero-COVID policies and the world shows surprising resilience in the face of high inflation, elevated interest rates and Russia's ongoing war against

WINDSOR, Ont. — Postmedia Network Corp. has cut more than 75 jobs by outsourcing the printing and insertingof the Windsor Star, according to Unifor and CWA Canada.

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (20,572.11, down 142.37): Manulife Financial Corp. (TSX:MFC). Financials. Down four cents, or 0.15 per cent, to $26.11 on 14.

TORONTO — Canada's main stock index was down almost 150 points Monday with broad-based losses, while U.S. stock markets retreated further from last week's gains. The S&P/TSX composite index was down 142.37 points at 20,572.11.

WASHINGTON — A New York congressman wants to add some Zoom to the sluggish effort to clear a bilateral backlog of Nexus trusted-traveller applications. Rep. Brian Higgins (D-N.Y.

NEW YORK (AP) — Stocks closed lower on Wall Street ahead of a week full of potentially market-moving events. The S&P 500 fell 1.3% Monday as markets prepare for decisions on interest rates around the world and a slew of earnings reports.

VANCOUVER — A second investment manager is voicing its opposition to a plan by Ritchie Bros. Auctioneers Inc. to buy vehicle auction company IAA Inc. In a letter to the Ritchie Bros.

TORONTO — New guidance for drinking alcohol could speed up changing consumer drinking habits as younger generations drink less and non-alcoholic beverages become more popular, advocates and business owners in the beverage industry say.

DETROIT (AP) — Ford is cutting prices on its Mustang Mach-E electric SUV by as much as $6,000 just weeks after market leader Tesla took similar steps .