National Business

Insolvency statistics for May show a rise from April but are down from a year ago, when the Bank of Canada had yet to start lowering interest rates. The 12,395 insolvencies in May was up 2.3 per cent from April, while down 2.

Higher turnover rents in several major rental markets have decreased tenant mobility, leading to longer average tenancy periods and "more substantial" rent increases when tenants do move, says CMHC.

VALCOURT — BRP Inc. has signed a deal to sell its Manitou pontoon boat business to the Marcott family, owners of Bentley Pontoons, as part of its plan to focus on its powersports operations. Financial terms of the deal were not immediately available.

The popularity of exchange-traded funds often triumphs over old-school mutual funds among social media-savvy investors. But experts say they both have their place in the financial system.

VICTORIA — The British Columbia government is boosting a tax credit to help developers of video games such as Electronic Arts hire additional staff and invest money locally.

DUBAI, United Arab Emirates (AP) — A Liberian-flagged cargo ship came under fire from Houthi rebels Monday in the Red Sea, with two on board reported to be hurt and two others missing in an assault a day after the Yemen-based rebels sunk another vess

A new report from a group of more than 30 experts says a population of endangered killer whales off the coast of British Columbia and Washington state is showing no sign of recovery under the current conditions.

OTTAWA — The House of Commons transport committee agreed on Monday to launch a study into the $1 billion loan BC Ferries received from the Canada Infrastructure Bank to finance the purchase of four new electric-diesel ships from a Chinese shipbuilder

OTTAWA — Foreign Affairs Minister Anita Anand is headed off to Japan and Malaysia as the Carney government shapes its diplomatic and trade approach to the Indo-Pacific region.

OTTAWA — A Chinese maker of surveillance camera systems is appealing a federal government directive ordering it to shutter its Canadian operations due to national security concerns.