National Business

TORONTO — North American stock markets are heading toward their first monthly losses since March's sharp correction after drifting lower on the penultimate day of trading in September.

NEW YORK — JPMorgan Chase admitted Tuesday to manipulating the markets for precious metals and U.S. Treasuries, agreeing to pay $920 million in fines and penalties for the illegal behaviour . U.S.

PARIS — Christian Dior on Tuesday was the first major fashion house to stage a traditional ready-to-wear runway show in Paris since the coronavirus pandemic hit in March. The show headlined the first full day of a hybrid-style Paris Fashion Week.

CALGARY — Limited and slow access to capital is a major barrier to First Nations' ability to take ownership roles in the resource megaprojects being built across their lands, a panel of Indigenous business leaders said Tuesday.

NEW YORK — Luxury conglomerate LVMH Moët Hennessy Louis Vuitton SE has filed a countersuit against Tiffany over their ruined merger deal, noting conditions necessary to close the $14.5 billion acquisition of the jewelry chain have not been met.

CALGARY — Pieridae Energy Ltd. says it has hired a new engineering firm to replace one that left its East Coast liquefied natural gas export project in July. The Calgary-based company says international engineering firm Bechtel Corp.

VANCOUVER — Beleaguered outdoor recreation retailer Mountain Equipment Co-op is opposing a proposed delay of the company’s sale to a U.S. private investment firm, saying there is “significant urgency” to closing the deal.

Figures from the Canada Border Services Agency show international air travel remains severely depressed due to fallout from the COVID-19 pandemic.

OTTAWA — Shopify Inc. says it is shuffling its executives and saying goodbye to a member of its leadership team.

WASHINGTON — U.S. consumer confidence rebounded more quickly in September than most economists had expected though they remain far from levels that were the norm before the pandemic struck.