National Business

BRUSSELS — Britain entered a crucial week of post-Brexit talks with the European Union on Monday by rejecting the EU’s demand that it drop plans to breach the legally binding agreement it signed on its departure from the bloc.

TORONTO — Canada's main stock index posted a triple-digit advance in late-morning trading, helped by gains in the financial and industrial sectors, while U.S. stock markets also surged higher. The S&P/TSX composite index was up 194.

TORONTO — Canadian miner Lundin Mining Corp. says it will hold safety stand-downs at all of its operations over the coming days to allow staff to reflect on a fatal accident Friday at its Neves-Corvo Mine in Portugal.

OTTAWA — Statistics Canada recorded 56,296 business closures in June, an improvement from May but still 44 per cent more than in February before the COVID-19 pandemic struck in force in Canada. The number of business closures in June was down 5.

TORONTO — An Ontario Superior Court judge has granted an order adding Brooks Brothers Canada Ltd. to its parent company’s U.S. bankruptcy proceedings, paving the way for the sale of the luxury clothing retailer’s Canadian assets.

TORONTO — A new report suggests a large majority of Canadians are reluctant to do business with companies that suffer a data breach.

CALGARY — Inter Pipeline Ltd.

Amazon.com Inc. will hire 3,500 Canadians to work in spaces it is opening and expanding in British Columbia and Ontario.

President Donald Trump paid just $750 in federal income taxes the year he ran for president and in his first year in the White House, according to a report Sunday in The New York Times.

Lumber prices across North America have nearly tripled since 2019 as a result of “once-in-a-lifetime phenomena”