National Business

OTTAWA — Home sales in February fell to their lowest level in more than a year as homebuyers stayed on the sidelines amid the uncertainty created by the trade war with the United States, the Canadian Real Estate Association said on Monday.

TORONTO — A liquidation plan at Canada's oldest company could begin at all of its locations as soon as Tuesday and last for up to 12 weeks, but Hudson’s Bay is still holding out hope that it will find a lifeline.

Toronto Mayor Olivia Chow says the city's response to steep U.S. tariffs on Canada will include barring American companies from bidding on some city contracts and a tax deferral program for industrial properties impacted by the tariffs.

CALGARY — A shareholder in Parkland Corp. is demanding a board shakeup as the Calgary-based fuel refiner and retailer looks into putting itself up for sale. Engine Capital LP, the New York activist hedge fund that owns 2.

MONTREAL — Mayors of Quebec aluminum towns say they are confident their regions can withstand the 25 per cent tariffs imposed on the metal by U.S. President Donald Trump, with many saying it's business as usual.

TORONTO — Strength in the energy sector helped Canada's main stock index gain more than 100 points in late-morning trading, while U.S. stock markets were mixed. The S&P/TSX composite index was up 127.03 points at 24,680.43.

CALGARY — Canadian Pacific Kansas City says about 600 workers represented by the United Steelworkers union have ratified a new four-year collective agreement. The union represents clerical and intermodal employees at the railway in Canada.

WASHINGTON (AP) — U.S. shoppers stepped up their spending just a bit in February after a sharp pullback the previous month , signaling that Americans are shopping more cautiously as concerns about the direction of the economy mount.

NEW YORK (AP) — U.S.

Forever 21 has filed for bankruptcy protection for a second time as traffic in U.S. shopping malls fades and competition from online retailers like Amazon, Temu and Shein intensifies.