National Business

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.

TORONTO — Bell Canada and several cable companies including Rogers Communications will be able to keep their wholesale internet rates as they are while the federal telecommunications regulator reviews its decision to cut them.

WASHINGTON — U.S. home prices rose at a faster pace in July as the housing market continued to show strength in the midst of the coronavirus outbreak. The S&P CoreLogic Case-Shiller 20-city home price index, released Tuesday, rose 3.

Pilots at United Airlines voted to approve an agreement that will avoid about 2,850 furloughs that were set to take effect later this week and another 1,000 early next year.