National Business

CALGARY — Strathcona Resources Ltd. has formally launched its takeover bid for fellow oilsands producer MEG Energy. Its offer, open until Sept. 15, comprises 0.62 of a common share of Strathcona and $4.

TORONTO — Canada Pension Plan Investment Board says it and Encino Energy are selling their holdings in an Ohio oil and gas producer for US$5.6 billion including debt.

TORONTO — RioCan Real Estate Investment Trust is pushing to put a joint venture it owns with Hudson's Bay into receivership. A motion filed late Thursday from the real estate firm asks the Ontario Superior Court to appoint FTI Consulting Canada Inc.

OTTAWA — The federal government says it ran a budgetary deficit of $43.2 billion between April 2024 and this past March. The deficit compared with $50.9 billion for the same stretch in the 2023-2024 fiscal year.

WASHINGTON (AP) — A key U.S. inflation gauge slowed last month as President Donald Trump’s tariffs have yet to noticeably push up prices .

TORONTO — Hudbay Minerals Inc. says its non-essential staff in the Flin Flon, Man., area are evacuating because of wildfires in the region.

TORONTO — Very few Ontario grocery stores that are required to accept empty alcohol containers are doing so, leaving the future of the deposit return program in question as The Beer Store closes locations across the province.

Tony Hawk and Mark McMorris wanted their presence at the Smithers Skate Park expansion unveiling to amplify skateboarding's importance in the remote, northern B.C. community.

TORONTO — Toronto landlords are trying to lure in tenants with rent-free months, complimentary Wi-Fi and $500 gift cards amid an unprecedented supply of condos and lower rents.

TOKYO (AP) — China will resume Japanese seafood imports that it banned in 2023 over worries about Japan's discharge of wastewater from the damaged Fukushima Daiichi nuclear power plant into the sea, a Japanese official said Friday.