National Business

MONTREAL — Seized with a liquidity crisis, the Lion Electric Co. said Tuesday it expects to seek protection from creditors under the Companies' Creditors Arrangement Act.

ST. JOHN'S, N.L.

Canada's annual inflation rate remained stable in November, coming in a touch below the Bank of Canada's two per cent target, though economists anticipate some volatility in the months ahead.

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.