National Business

CALGARY — Against the backdrop of a global pilot shortage, hopefuls aspiring to a career in the skies say their Canadian licensing applications are taking far too long to process.

TORONTO — Canadian cryptocurrency company Hut 8 Mining Corp. says it has signed a deal to merge with U.S. Data Mining Group Inc., the company behind US Bitcoin Corp. Under the agreement, the combined company will be named Hut 8 Corp.

MONTREAL — The Caisse de dépôt et placement du Québec has signed an agreement with Transurban to acquire a 50 per cent stake in the A25 Concession, a toll road and bridge network in Montreal. The deal is valued at $355 million.

CALGARY — Canadians now believe they need $1.7 million in savings in order to retire, a 20 per cent increase from 2020, according to a new BMO survey.

BEIJING (AP) — Asian stock markets rebounded Tuesday after Wall Street sank under pressure from worries about higher interest rates and after Japan reported stronger wage gains than expected. Shanghai, Tokyo, Hong Kong and Seoul advanced.

TORONTO — TMX Group says its revenue and earnings rose in the fourth quarter of 2022 compared to the same period last year, and announced an increase to its dividend of five per cent to 87 cents per common share.

OTTAWA — The deputy minister of Public Services and Procurement Canada says the federal government's ethics rules do not disqualify consulting firm McKinsey & Company from doing business with the federal government despite scrutiny of the firm's

EAST PALESTINE, Ohio (AP) — Authorities have started releasing toxic chemicals into the air from five derailed tanker cars that had been in danger of exploding Monday near the Ohio-Pennsylvania state. Ohio Gov.

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (20,628.92, down 129.42): Suncor Energy Inc. (TSX:SU). Energy. Down 25 cents, or 0.57 per cent, to $43.88 on 15.3 million shares.

TORONTO — Canada's main stock index lost more than 100 points Monday on broad-based weakness while U.S. markets were also down, with the Nasdaq slipping one per cent. The S&P/TSX composite index was down 129.42 points at 20,628.92.