National Business

LONDON (AP) — The Bank of England raised its main interest rate Thursday to a fresh 15-year high as it tries to bring down persistently high inflation, poised to bring more pain to people who are seeing rents and mortgages rise during a cost-of-livin

Shopify Inc.'s president said a recent move to streamline operations with a significant layoff and bolster merchant offerings with technology like artificial intelligence has left the company well positioned for growth.

NEW YORK (AP) — There’s no shaking it. Your chances of winning the lottery are extremely slim . After no big winner Tuesday night, the Mega Millions jackpot climbed to an estimated $1.25 billion .

TORONTO — Spin Master Corp. says it earned US$28 million in the second quarter, down from US$88.1 million a year earlier. The Toronto-based toy and entertainment company says revenue was US$420.7 million, down from US$506.

SASKATOON — Nutrien Ltd. reported second-quarter net earnings of US$448 million, down from US$3.6 billion a year earlier. The Saskatoon-based company says sales were US$11.7 billion, down from US$14.5 billion during the same quarter last year.

TORONTO — Intact Financial Corp. says its net income for the second quarter was $260 million, down 79 per cent from $1.2 billion last year. The insurance company says earnings per share were $1.30, down from $6.93.

The federal government is trying to reclaim nearly $350 million in insurance paid to Suncor Energy Inc. in the wake of political unrest in Libya.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,218.21, down 314.72): Suncor Energy Inc. (TSX:SU). Energy. Down 95 cents, or 2.31 per cent, to $40.25 on 11.0 million shares.

TORONTO — Canada's main stock index fell more than 300 points Wednesday amid a broad-based decline, while U.S. markets also slid. Fitch Ratings cut the U.S.

Celebrity chef Gordon Ramsay is bringing his burger and steak outlets to a Vancouver casino and nearby resort.