National Business

TORONTO — Ontario is investing $93 million to build a new base and buy new planes for Ornge, the province's air ambulance organization.

The Canada Mortgage and Housing Corp. says the pace of rent growth cooled significantly this year amid Canada's largest gain of purpose-built rental supply in more than three decades.

OTTAWA — Canada's housing shortage, widely recognized as a national crisis and the catalyst of significant immigration cuts, is The Canadian Press News Story of the Year.

OTTAWA — Ottawa plans to boost penalties for anti-money-laundering oversight failures by 40 times as part of several measures it wants to roll out to crack down on the issue.

SAN FRANCISCO (AP) — A San Francisco jury on Tuesday found a tech consultant guilty of second-degree murder in the stabbing death of Cash App founder Bob Lee.

QUÉBEC — The Quebec government has adopted regulations banning the sale of most new gasoline-powered vehicles as of 2035.

CALGARY — Parkland Corp. says its current chief financial officer Marcel Teunissen will assume the role of president for North America effective Jan. 1.

OTTAWA — The federal banking regulator says the amount of money Canada's big banks must keep on hand in case of economic shock will stay at its current level.

TORONTO — The last of your debt is finally paid off and that money set aside in your budget for loan repayments is now free to be used elsewhere.

NEW YORK (AP) — “Bluey” is heading to the big screen. The Walt Disney Co. and BBC Studios announced Tuesday that a film based on the hit Australian animated series will arrive in theaters in 2027.