National Business

TORONTO — TD Bank Group revealed Thursday that it expects U.S. regulators to impose penalties related to its anti-money laundering compliance program.

TORONTO — Canada's main stock index declined by more than 100 points Thursday amid broad-based weakness, while U.S. markets also moved lower, with the Nasdaq leading losses at 1.87 per cent. The S&P/TSX composite index closed down 103.

TORONTO — The timeless designs of Silk Laundry and streetwear by Indigenous-owned brand Section 35 are among the nominees for the Canadian Arts & Fashion Awards this year.

NEW YORK (AP) — Wall Street closed lower, despite a blowout profit report from Nvidia, as bond yields rose ahead of a highly anticipated speech from Federal Reserve Chair Jerome Powell. The S&P 500 fell 1.

TORONTO — Hudson's Bay is reviving its outlet model with a discount store in Toronto's east end. The department store chain says it is converting an existing Hudson's Bay store at Eglinton Square in Scarborough to an outlet.

MONTREAL — For Jas Singh, the road to profit just keeps getting narrower. “It’s slow right now, not too many loads," said the owner of JK Transport, a Brampton-based trucking company Singh launched 15 years ago.

CALGARY — Crescent Point Energy Corp. has signed a deal to sell its North Dakota assets to a private operator for about $675 million in cash.

The seasonal drink that made pumpkin spice a star is turning 20. And unlike the autumn days it celebrates, there seems to be no chill in customer demand. Starbucks’ Pumpkin Spice Latte goes on sale Thursday in the U.S.

LAVAL, Que. — A Montreal-area company has come up with a novel — if extreme — way to boost employee happiness: buying them a private island.

CALGARY — TC Energy Corp. has applied for regulatory approval for a potential minority interest sale of its Nova Gas Transmission Ltd. (NGTL) system, one that could include possible participation from Indigenous groups.