National Business

WASHINGTON (AP) — The global economy has shown “remarkable resilience’’ but still bears deep scars from the coronavirus pandemic, the war in Ukraine and rising interest rates , the head of the International Monetary Fund said Thursday.

WINNIPEG — Exchange Income Corp. says it has acquired DryAir Manufacturing Corp. for $60 million in cash and shares. Under the deal, EIC paid $15 million in shares and $45 million in cash.

TORONTO — Younger Canadians don't want to be their own bosses, intensifying the slowdown in entrepreneurship in Canada, according to a new RBC report.

WINNIPEG — NFI Group Inc. says it has signed a deal with the Houston Metropolitan Transit Authority for up to 210 buses. Financial terms of the deal were not immediately available.

OTTAWA — Canada's merchandise trade balance shifted to a surplus in August, helped by strong growth in exports of unwrought gold and crude oil, Statistics Canada said.

OTTAWA — The Canada Mortgage and Housing Corp. says construction of new homes increased slightly across several of Canada's major cities in the first half of 2023, as the pace of apartment starts helped offset declines in other dwelling types.

Finding themselves "at the edge of retirement," Jen Gibson and her wife Christy Ganshorn found it hard to fathom dipping into their savings already.

MONTREAL — The Quebec Professional Association of Real Estate Brokers says Montreal home sales in September rose nine per cent compared with a year ago, but remained below the historic average for the time of year.

TOKYO (AP) — Japan's wrecked Fukushima nuclear power plant said it began releasing a second batch of treated radioactive wastewater into the sea on Thursday after the first round of discharges ended smoothly.

TORONTO — Months after artificial intelligence luminaries began ringing alarm bells about the technology’s risks, one of the field's pioneers says he feels like people are listening.