National Business

TORONTO — Several North American department stores are joining forces under a deal that will see Hudson's Bay Co. buy Neiman Marcus and spin it out into a larger business along with some of its other prestige retailers. HBC's US$2.

TORONTO — Canada's main stock market eked out a gain on Thursday, helped by strength in the telecom, utility and energy sectors. The S&P/TSX composite index closed up 20.35 points at 22,244.02. The increase came as U.S.

CALGARY — A wildfire burning out of control in northern Alberta on Thursday prompted Suncor Energy Inc. to withdraw all non-essential workers from its Firebag oilsands site.

ST. JOHN'S, N.L. — Newfoundland and Labrador's Liberal premier has once again penned a letter to the federal government opposing one of its decisions — this time about the reopening of the province's commercial northern cod fishery.

MONTREAL — The Quebec Professional Association of Real Estate Brokers says Montreal-area home sales rose 6.4 per cent in June compared with the same month last year.

CALGARY — Shell Canada's decision last week to greenlight its Polaris carbon capture project is likely just the start of a wave of positive investment decisions by proponents of the emissions-reducing technology, said federal Natural Resources Minist

TORONTO — An arbitrator has reinstated the CFL's indefinite suspension of Montreal Alouettes defensive lineman Shawn Lemon for gambling on sports.

NEW YORK (AP) — The parent company of Saks Fifth Avenue has signed a deal to buy upscale rival Neiman Marcus for $2.65 billion.

MISSISSAUGA, Ont. — Non-prime lender Goeasy Ltd. says its CEO Jason Mullins will step down from the role at the end of the year.

TORONTO — The Toronto Regional Real Estate Board says home sales in June declined 16.4 per cent from last year, with many potential buyers staying on the sidelines despite the highly anticipated Bank of Canada interest rate cut.