National Business

HALIFAX — An expert who tracks Canada's mainstream media industry says Postmedia's pending purchase of Atlantic Canada's largest newspaper chain is almost certain to result in job cuts and a reduction in local content.

TORONTO — George Weston Ltd. says a recent settlement it reached in the bread price-fixing class actions it faced had a $253 million impact on its second-quarter net earnings. The company, which holds a majority interest in grocer Loblaw Cos. Ltd.

VANCOUVER — BHP and Lundin Mining Corp. have signed a $4.5 billion deal to acquire all of the shares they don't already own in exploration company Filo Corp.

Canadian organizations embroiled in data breaches wind up paying an average $6.32 million to resolve the incidents, a new study from IBM says. That total is down from 2023, when Canadian organizations were paying an average $6.

FRANKFURT, Germany (AP) — Europe’s economy enjoyed modest growth in the April-June quarter even as the U.S.

MERRITT, BRITISH COLUMBIA — Police say two people are dead after an amateur-built plane crashed north of the Merritt, B.C. airport, about 270 kilometres northeast of Vancouver.

CALGARY — Trans Mountain Corp. says CEO Dawn Farrell will become chair of the company's board Sept. 1.

LEAMINGTON, ONT. — Cannabis and beverage company Tilray Brands, Inc. says it lost US$15.4 million in its fiscal fourth quarter, a US$104.4-million improvement from a year earlier when it lost US$119.8 million in the same period.

WHITEHORSE, YUKON — WestJet and Whitehorse-based Air North have announced a new agreement that will allow single-ticket travel across both airlines' networks.

Canada's main stock index dipped on Monday, dragged down by losses in the energy and tech sectors while U.S. markets were mixed. The S&P/TSX composite index was down 35.24 points at 22,779.57.