A large investor in Ritchie Bros. Auctioneers Inc. is backing the Canadian auction company’s proposed takeover of IAA Inc., giving a boost to a deal that has been opposed by other shareholders.

To understand why inflation is running so hot, look to Canada’s West Coast. Vancouver, the home of one of North America’s busiest ports, is bursting at the seams.

The head of one of Canada’s largest supermarket chains says the vaccine mandate for truckers crossing the U.S.-Canada border is raising the cost of shipping fresh food. But so far, it has had little impact on the retailer’s ability to stock shelves.

Canadian National Railway Co. said it plans to cut spending, streamline management and buy back C$5 billion (about $4 billion) of stock next year as its tries to ward off a shareholder revolt started by TCI Fund Management Ltd.