National Business

MONTREAL — Lightspeed Commerce Inc. has appointed a new chief executive as the company's quarterly net loss widened and its share price collapsed months after the company was accused by a short seller of misleading investors.

CALGARY — Suncor Energy Inc. says it earned $1.53 billion in the fourth quarter and achieved record adjusted funds fromoperations against the backdrop of soaring oil prices.

CALGARY — Enerplus Corp. says it is looking to sell its Canadian assets later this year but will maintain its head office.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (21,362.36, up 42.44 points.) Enbridge Inc. (TSX:ENB). Energy. Up 60 cents, or 1.1 per cent, to $54.59 on 22.7 million shares.

Meta, the company that owns Facebook, Instagram and WhatsApp, saw its stock plunge after-hours Wednesday after unexpectedly heavy spending on its “metaverse” project led to a rare decline in its fourth-quarter profit.

MONTREAL — Two lenders have turned to a U.S. court to demand compensation from Bombardier Inc. after the business jet maker sold off key assets over the past few years.

TORONTO — Canada's main stock index closed higher for a fourth-straight day despite a big drop by Shopify Inc. and the tech sector. The S&P/TSX composite index closed up 42.44 points to 21,362.

OTTAWA — The country's top central banker is warning of uncertainty for how quickly three-decade-high inflation rates will come back down to the Bank of Canada's comfort zone.

NEW YORK (AP) — CNN President Jeff Zucker abruptly resigned Wednesday after acknowledging a consensual relationship with another network executive — an entanglement that came to light during an investigation of now-fired anchor Chris Cuomo.

MONTREAL — CGI Inc. beat expectations as it reported profit growth of seven per cent year over year in its first quarter, driven by ongoing demand for digital services amid the COVID-19 pandemic.