National Business

TORONTO — Magna International Inc. says its margins for 2022 are expected to come in lower than it forecast. The auto parts company says its adjusted earnings before interest and taxes (EBIT) margin is expected to be about 4.3 per cent for 2022.

TORONTO — Element Fleet Management Corp. says president and chief executive Jay Forbes will retire this year and will be replaced by CIBC executive Laura Dottori-Attanasio.

BANGKOK (AP) — Stocks were higher in Asia on Tuesday after a tech-led rally on Wall Street as investors bet the Federal Reserve will trim its rate hikes to tamp down inflation. Many markets in the region were closed for Lunar New Year holidays.

LORETTE, Man.

VANCOUVER — Telus Communications Inc. says it has merged its mobility and home service divisions to create a combined business unit called Telus Consumer Solutions.

WASHINGTON — The State Department is setting up a new program aimed at giving ordinary Americans the chance to help resettle refugees in the United States — and it's borrowing a page from Canada's immigration playbook to do it.

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (20,631.58, up 128.37): Royal Bank of Canada (TSX:RY). Financials. Up two cents, or 0.02 per cent, to $134.73 on 12.5 million shares.

TORONTO — Canada's main stock index posted a modest gain Monday while U.S. stock markets saw bigger growth, continuing Friday's rally amid strength in the technology sector. The S&P/TSX composite index was up 128.37 points at 20,631.58.

HALIFAX — The man behind Canada’s first commercial spaceport says the facility in northeastern Nova Scotia could see its first suborbital test launch sometime early this summer.

WARSAW, Poland (AP) — Poland said Monday it would ask Berlin for permission to send German-built Leopard tanks to Ukraine as its Western allies move to supply Kyiv with more powerful military hardware to thwart Russia’s invasion .