National Business

TORONTO — Red Lobster Canada will ask an Ontario court next week to recognize a stalking horse bid from its lenders and approve a sales process for its assets.

WASHINGTON (AP) — U.S. consumer sentiment fell in June for the third straight month as Americans took a dimmer view of their own finances and worried about persistent inflation.

OTTAWA — Statistics Canada says wholesale sales, excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain, rose 2.4 per cent to $83.3 billion in April.

OTTAWA — Statistics Canada says manufacturing sales rose 1.1 per cent to $70.8 billion in April, helped by gains in sales of transportation equipment, primary metals and chemical products. The increase followed a decline of 1.8 per cent in March.

BARI, Italy (AP) — Pope Francis became the first pontiff to address the Group of Seven nations on Friday, raising the promise and perils of artificial intelligence to the leaders of the world’s leading industrialized nations.

DETROIT (AP) — Tesla shareholders voted Thursday to restore CEO Elon Musk's record $44.

TORONTO — Ontario awarded nearly $1 million in contracts to various companies to write a business case on moving the Ontario Science Centre to Ontario Place on Toronto's waterfront, The Canadian Press has learned.

VANCOUVER — A group of local politicians from B.C.'s Lower Mainland are asking the provincial auditor general to investigate how the cost of a wastewater treatment plant could balloon to $3.86 billion.

The CEOs of Canada's five biggest banks stuck to the message that they're committed to help in the energy transition as they were questioned by a parliamentary committee Thursday about their impacts on climate change.

NEW YORK (AP) — President Joe Biden will nominate Christy Goldsmith Romero to replace Martin Gruenberg as head of the Federal Deposit Insurance Corporation.