National Business

BURNABY, B.C. — Clio has raised a US$900-million round of funding that the legal tech firm says is the largest software raise in Canadian tech history. The Burnaby, B.C.-based company says the Series F investment is based on a US$3 billion valuation.

U.S.

LOS ANGELES (AP) — The nation's housing slump deepened in June as sales of previously occupied homes slowed to their slowest pace since December, hampered by elevated mortgage rates and record-high prices. Sales of previously occupied U.S.

Coca-Cola is raising is full-year sales guidance after a stronger-than-expected second quarter. The Atlanta beverage giant said Monday that it now expects organic sales to grow between 9% and 10% this year, up from 8% to 9% previously.

TORONTO — Doing business across provincial lines is starting to get easier but progress is slow, says the Canadian Federation of Independent Business.

CALGARY — Calgary's outdoor water restrictions will remain in place for now. The city has been cautiously testing the water system in recent days, and says there were issues at both water treatment plants, including pumps at water intakes.

MONTREAL — Air Canada has lowered its 2024 earnings forecast, saying its planes have not been flying as full as anticipated this summer in part due to tough competition in international markets.

VANCOUVER — Canfor Corp. says its president and CEO is retiring at the end of the year. The Vancouver-based company says Don Kayne has held the role since 2011, and has been with the company for 46 years.

TIMMINS, ONT. — Canadian National Railway Co. has been ordered to pay $8 million in fines for environmental offences related to two 2015 train derailments.

TORONTO — After fielding calls from private equity firms looking to buy Sleep Country Canada Holdings Inc. over the years, CEO Stewart Schaefer has chosen to sell to Fairfax Financial Holdings Ltd. for $1.