National Business

NEW YORK (AP) — The Securities and Exchange Commission said Tuesday that a post sent from the agency's account on the social platform X announcing the approval of a long-awaited bitcoin exchange-traded fund was “unauthorized,” and that the agency's a

VANCOUVER — West Fraser Timber Co. says it's closing one U.S. sawmill and indefinitely curtailing another because of high fibre costs and soft lumber markets.

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,970.98, down 103.93 points): Toronto-Dominion Bank. (TSX:TD). Finance. Down $3.82, or 4.40 per cent, to $83.07 on 19.

Stantec Inc. has snapped up engineering firm Morrison Hershfield, the latest in a string of acquisitions and broader growth that have boosted the company's presence in Canada and across the globe — as well as its stock.

TORONTO — Weakness in financial stocks Tuesday weighed on Canada's main stock index, which lost more than 100 points, while U.S. markets were mixed. The S&P/TSX composite index closed down 103.93 points at 20,970.98.

MONTREAL — U.S. investment firm Browning West has requested a special meeting of Gildan Activewear Inc. shareholders to replace a majority of the company's directors and reinstate Glenn Chamandy as chief executive.

The head of Tilray Brands Inc. says he's aiming to make the pot company a top beverage firm, in part by pouring resources into revitalizing a number of alcohol brands his business recently bought from Anheuser-Busch Cos.

OTTAWA — Canada Post Corp. has signed a deal to sell SCI Group Inc., its third-party logistics business, to Metro Supply Chain Inc. Financial terms of the agreement were not immediately available.

CAPE CANAVERAL, Fla. (AP) — Astronauts will have to wait until next year before flying to the moon and another few years before landing on it, under the latest round of delays announced by NASA on Tuesday.

TORONTO — Canadian bank CEOs say high interest rates are delaying business andconsumer spending decisions and will likely lead to more provisions for bad loans this year, but that borrowers overall should manage well.