National Business

TORONTO — Several Canadian tech organizations are forming a group to advance the country's semiconductor industry. The group is called the Semiconductor Industry Leadership and Innovation Canada Action Network.

Retail sales growth in Canada is continuing to outperform much of the world so far this year, a sign of the ongoing resiliency of Canadian shoppers despite higher inflation and recession predictions, a new report has found.

OTTAWA — Conservative Leader Pierre Poilievre's attempt to block the federal government's budget bill from passing earlier this month is the latest example of government spending coming under scrutiny amid high inflation.

Marty Walsh wasn't a man in a hurry to leave the Biden administration. Less than halfway through the president's term, Walsh was in a comfortable spot in the Cabinet as labor secretary.

TORONTO — For as long as she has worked, Marie Chevrier Schwartz has paid into Canada's Employment Insurance program. Yet when she eventually needed to collect the benefit, she was denied support.

TORONTO — Five things to watch for in the Canadian business world in the coming week: OSFI domestic stability buffer The Office of the Superintendent of Financial Institutions will make its semi-annual announcement Tuesday regarding the domestic stab

WestJet will wind down Sunwing Airlines and integrate the low-cost carrier into its mainline business within two years as part of a strategy to streamline operations amid fierce competition.

WASHINGTON — Calgary-based Enbridge Inc. must pay an Indigenous band in Wisconsin more than US$5 million in Line 5 profits and relocate the controversial cross-border pipeline within the next three years, a U.S. judge says.

TD Bank says it has fixed the technical problems that kept some account holders from getting paid on Friday.

MONTREAL — One of downtown Montreal's most famous nightlife streets has been turned over to pedestrians this weekend, but it's not part of Mayor Valérie Plante's much-publicized campaign to calm traffic in the city.