National Business

TORONTO — Ontario ended the last fiscal year with a $2.1-billion surplus – a far cry from the $33-billion deficit projected in the budget – thanks to inflation and stronger economic growth, officials said Friday.

OTTAWA — Retail sales fell 2.5 per cent to $61.3 billion in July, the first drop in seven months as sales at gasoline stations and clothing and clothing accessories stores decreased, Statistics Canada said Friday. The drop was deeper than the 2.

OTTAWA — Statistics Canada says the number of Canada's international arrivals increased in July but has yet to recover to pre-pandemic levels. The agency says the number of trips by U.S. residents in July was 2.

OTTAWA — The federal government posted a surplus of $6.3 billion for the first four months of its 2022-23 fiscal year. The Finance Department says the result for the April-to-July period compared with deficit of $47.

TORONTO — Glencore International AG is increasing its stake in Yamana Gold Inc.'s Mara project with a deal to buy Newmont Corp.'s 18.75 per cent interest. Yamana will remain the Mara joint venture operator with a 56.

TORONTO — Dye & Durham Ltd. says it has called off its proposed acquisition of Australian company Link Administration Holdings Ltd.

LONDON (AP) — Britain’s new government on Friday announced a sweeping plan of tax cuts it said would be funded by borrowing and revenues generated by anticipated growth, as part of contentious moves to combat the cost-of-living crisis and bolster a f

HONG KONG (AP) — Hong Kong’s leader announced the city would no longer require incoming travelers to quarantine in designated hotels as the city seeks to open up globally after nearly two years.

MIAMI (AP) — Executive directors of the Inter-American Development Bank voted unanimously Thursday to recommend firing a former Trump official as president of the Washington-based institution, a person familiar with the vote said.

Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (19,002.68, down 181.86 points) TC Energy Corp. (TSX:TRP). Energy. Down 15 cents, or 0.24 per cent, to $62.51 on 8.8 million shares.