National Business

NEW YORK (AP) — Wall Street fell for a third straight day as rising yields in the bond market keep cranking up the pressure. The S&P 500 lost 0.8% Thursday, with August on track to be its worst month of the year by far.

BÉCANCOUR, Que. — Ford Motor Co. and its South Korean partners said Thursday they're building a $1.2 billion manufacturing plant for electric vehicle battery material in Quebec with the help of government funding.

TORONTO — Investment in Canadian fintech companies plunged in the first half of the year as valuations fell to levels not seen since the beginning of the pandemic, says a report by KPMG in Canada.

OTTAWA — The Supreme Court of Canada agreed on Thursday to hear an appeal from a group of airlines looking to quash rules that boost compensation to passengers for delayed flights or damaged luggage. Air Canada, Porter Airlines Inc.

TORONTO — Metro Inc. has asked a conciliation officer to step in and help it find a resolution to a strike by grocery store workers in Toronto, the grocer said Thursday.

OTTAWA — NDP Leader Jagmeet Singh announced a plan to address student housing shortages on Thursday.

The average long-term U.S. mortgage rate climbed this week to its highest level in more than 20 years, pushing up borrowing costs for homebuyers already challenged by a housing market that remains competitive due to a dearth of homes for sale.

OTTAWA — If you live in Montreal or Vancouver and own an electric car, finding somewhere to charge it is likely as easy as a quick search of an app on your smartphone.

NEW YORK (AP) — Walmart racked up another strong quarterly sales gain as its low-prices continue to attract budget conscious consumers looking for deals in a tough economic environment.

The Hershey building in Smiths Falls, Ont., is headed back into the hands of the company that made the facility famous. Cannabis company Canopy Growth Corp.