National Business

"Despite our best efforts, we do not see a realistic path to profitability for the Canadian business."

Canada's main stock index got a lift from rising U.S. markets Thursday, closing higher in spite of weakness in the financials sector. The S&P/TSX composite index was up 77.43 points at 20,337.21.

Canada's biggest bookstore chain is warning employees that data stolen in a cyberattack may be posted on the so-called dark web after it refused to pay a ransom demand. Indigo Books & Music Inc.

CALGARY — Alberta's finance minister says he would like to see a panel formed within the next year and a half to address the province's often volatile revenue structure.

CALGARY — Crescent Point Energy Corp. says its $900-million acquisition of Shell Canada's Kaybob Duvernay assets in 2021 has performed so well that the assets will have paid for themselves by the end of the first quarter of 2023.

OTTAWA — The Parliamentary Budget Office has trimmed its forecast for economic growth this year. The PBO's latest economic and fiscal outlook predicts the economy will grow by 1.0 per cent this year followed by 1.6 per cent in 2024.

CALGARY — Canadian Natural Resources Ltd.'s profits took a hit in the fourth quarter of 2022 as extreme winter weather forced the oilsands giant to reduce production. The Calgary-based company reported Thursday that it earned $1.52 billion or $1.

TORONTO — An industry coalition is calling on Ottawa to broaden its trusted traveller pilot program and roll it out across the country.

TORONTO — DesRosiers Automotive Consultants Inc. says light vehicle sales in Canada were up 5.1 per cent in Februrary from a year earlier. The automotive industry research firm estimates 103,771 new light vehicles were sold in the month.

VANCOUVER — The Real Estate Board of Greater Vancouver says February's home sales were up 76.9 per cent from January, but down 47.2 per cent from the year before.