National Business

CALGARY — TC Energy Corp. has applied for regulatory approval for a potential minority interest sale of its Nova Gas Transmission Ltd. (NGTL) system, one that could include possible participation from Indigenous groups.

Subway said Thursday it will be sold to Roark Capital, a private equity firm with expertise in restaurant management that could help the sandwich chain expand and improve its stores. Terms of the deal weren’t disclosed.

TORONTO — Royal Bank of Canada is ramping up job cuts as it works to reduce costs ahead of an expected economic slowdown.

Historic flooding in Nova Scotia last month caused more than $170 million in insured damages, an initial estimate from Catastrophe Indices and Quantification Inc. shows.

TORONTO — Savannah Dasilva was searching for a budgeting method she could stick to for years to come. The Toronto student dabbled with Excel spreadsheets, but they got confusing fast, and budgeting apps, which never seemed to do the trick.

ANKARA, Turkey (AP) — Turkey’s central bank raised its key interest rate by an aggressive 7.5 percentage points on Thursday, in a new sign of a return to more traditional economic policies under President Recep Tayyip Erdogan.

JOHANNESBURG (AP) — Iran and Saudi Arabia were among six countries set to join Brazil, Russia, India, China and South Africa in the BRICS economic bloc from next year, the bloc announced Thursday, a move that will likely throw more scrutiny on Beijin

OKUMA, Japan (AP) — The tsunami-wrecked Fukushima Daiichi nuclear power plant 's operator says it began releasing its first batch of treated radioactive water into the Pacific Ocean on Thursday — a controversial step that prompted China to ban seafoo

CALGARY — The Trans Mountain oil pipeline expansion project has run into another construction-related hurdle that could delay its completion.

TORONTO — Interac says mobile debit payments in stores jumped 53 per cent over the past 12 months, while e-commerce purchases rose 17 per cent.