National Business

CALGARY — Oilpatch companies are big spenders on Indigenous-affiliated businesses, according to a survey commissioned by the Canadian Association of Petroleum Producers released Thursday.

Canada Mortgage and Housing Corp. says up to 4.8 million new homes will need to be built over the next decade to restore affordability levels last seen in 2019 based on projected demand.

OTTAWA — The parliamentary budget officer said Thursday he expects the federal government's deficit will balloon this year thanks to ramped-up defence spending — but without a spring budget or more clarity from Ottawa, he can't say for sure.

MONTREAL — Montreal's public transit agency has reintroduced a no-loitering rule in the city's subway tunnels.

INGERSOLL — Bob Pulham recalls the optimism in the air when General Motors began producing electric vans in Ingersoll, Ont., in late 2022.

Toronto police say 11 people face more than 100 criminal charges after an investigation into a taxi scam targeting unsuspecting victims in the city.

TORONTO — Logistics software company Descartes Systems Group says it has acquired PackageRoute for about US$2 million.

What does it matter if I'm going to be dead anyway? It's a comment sometimes heard by Julia Chung, an advice-only financial planner at Spring Planning in Vancouver. Her retort: "It isn't about you. It's about the people that you leave behind.

TORONTO — BMO Financial Group has signed a deal to buy Burgundy Asset Management Ltd. for $625 million in shares. Burgundy provides discretionary investment management for private clients, foundations, endowments, pensions and family offices.

LONDON (AP) — The Bank of England kept its main interest rate at the two-year low of 4.25% on Thursday as fears grow that the conflict between Israel and Iran will escalate.