National Business

TORONTO — Sun Life Financial Inc. says its net income in the fourth quarter of 2022 was $951 million, down 12 per cent from a year earlier. Earnings per share were $1.62, down from $1.83 in the fourth quarter of 2021.

OTTAWA — The Canadian Ombudsperson for Responsible Enterprise says Canadian clothing companies have limited awareness about whether child labour could be being used in their global supply chains.

PARIS (AP) — Ukrainian President Volodymyr Zelenskyy sought Western support for his country in surprise visits to Britain and France on Wednesday, pushing for fighter jets to battle Russian invaders in a dramatic speech to the U.K.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,679.54, down 45.46): Enbridge Inc. (TSX:ENB). Energy. Down $1.47, or 2.69 per cent, to $53.16 on 13.7 million shares.

TORONTO — Best friends, siblings and cousins across Canada may soon find themselves locked out of a shared Netflix account as the streaming giant begins cracking down on password sharing.

TORONTO — Losses in tech, utilities and industrials weighed down gains in some of the other sectors on Canada's main stock index Wednesday, while U.S.

OTTAWA — The Bank of Canada contemplated not raising interest rates last month but with the economy outperforming expectations, its governing council ultimately decided in favour of one more rate hike before taking a pause.

NEW YORK (AP) — Wall Street gave back some of its recent gains as uncertainty about interest rates and inflation continued to reign. The S&P 500 fell 1.1% Wednesday, the Nasdaq fell 1.7% and the Dow Jones Industrial Average gave back 0.6%.

OTTAWA — In a first for the Bank of Canada, it has released a summary of deliberations by its governing council regarding its policy decision to raise its key interest rate target by a quarter of a percentage point to 4.5 per cent in January.

OTTAWA — A new Desjardins report suggests Canada's immigration target increase could spur economic growth, with the Prairies standing to benefit the most.