Business

Here are five things you need to know this morning.

The Northwest Territories government says PricewaterhouseCoopers has been appointed receiver to oversee the winding down of the Ekati diamond mine as that once-vital sector to the local economy continues to diminish.

Loblaw Cos. Ltd. has announced it has entered into an automatic share purchase plan to acquire common shares of EQB Inc.

Gas prices are ticking upwards across much of Canada on Wednesday, anywhere from 5 to 10 cents per litre depending on where you’re located across the country, according to gas price analysts.

The federal government has gone from a C student to top of the class in its work to advance internal trade between provinces, says the Canadian Federation of Independent Business.

China’s economy slowed sharply to a 4.3 per cent annualized pace of growth in the April-June quarter, the government said Wednesday, the weakest in over three years.

The U.S. reimposed a naval blockade on Iran and intensified its airstrike campaign early Wednesday in retaliation for Tehran’s attacks on ships trying to pass through the Strait of Hormuz.

The Canadian Real Estate Association has downgraded its forecast for home sales activity in 2026 again, despite a small uptick in the number of homes that changed hands in June.

The Bank of Canada is set to deliver its fifth interest rate decision of the year this morning.

The Northwood Pulp Mill in Prince George is shut down permanently, Canfor announced Monday, affecting approximately 300 employees.

The U.S. military early Wednesday reimposed a blockade on Iranian ports over Tehran’s attacks on ships trying to pass through the Strait of Hormuz, sparking new strikes on nations hosting American forces as an interim deal to end the war further unraveled.

Canada wants to close a trade deal with Mercosur this year in a bid to diversify away from the United States, its foreign minister said while visiting Brazil on Tuesday.

Health Canada is warning consumers to immediately stop using a BABESIDE Doll and Stroller Set sold on Amazon.ca because parts may detach and pose a choking hazard. The department says 24 units were sold in Canada, while a similar U.S. recall affected about 2,200 units.

Apple avoided responsibility for the alleged circulation of child sexual abuse material on iCloud after a judge dismissed a lawsuit against the company on Tuesday. The onus should be on lawmakers to protect children instead, the judge said.

First Nations leaders and an opposition MP are denouncing the Carney government’s new proposed clean water legislation, which drops wording in a previous version that would have explicitly recognized First Nations’ right to clean drinking water.