National Business

AURORA, ONTARIO — Magna International Inc. says its second-quarter profit tumbled from a year ago to US$328 million. The Aurora, Ont.-based auto parts manufacturer, which keeps its books in U.S.

OTTAWA — Google says it will pass on the cost of the Liberal government’s digital services tax to advertisers. The company says it will implement a 2.5 per cent surcharge for ads displayed in Canada, starting in October.

WHITEHORSE — The Na-Cho Nyak Dun First Nation in Yukon wants the company that owns the gold mine where a massive ore slide and cyanide spill occurred in June to be removed from managing the cleanup, and it's calling for a public inquiry into the disa

NEW YORK (AP) — Just a day after rallying on hopes that the Federal Reserve is about to cut interest rates , U.S.

WATERLOO, ONT. — Open Text Corp. says it earned US$248.2 million in its fourth quarter, up from a loss of US$48.7 million a year earlier. The Waterloo, Ont.-based company says revenues for the quarter totalled US$1.4 billion, down from US$1.

TORONTO — Canada's main stock index more than wiped out its gains from the day before on Thursday, declining 1.7 per cent with most major sectors down, while U.S. markets also fell. The S&P/TSX composite index closed down 387.60 points at 22,723.

CALGARY — The Calgary Real Estate Board says July home sales dropped 10 per cent year-over-year as 2,380 properties were sold.

MONTREAL — Quebec's labour tribunal has directed Amazon to stop interfering in union affairs, and to pay the union a total of $30,000 in moral and punitive damages.

TORONTO — Fines for more than 100 parking offences in Toronto increased on Thursday, an initiative the city says is aimed at reducing congestion and promoting safer roads.

CALGARY — Fuel retailer and convenience store operator Parkland Corp. lowered its earnings forecast for the year Thursday due to what it said are" ongoing weaknesses" in consumer demand that could continue through the end of 2024.