National Business

TORONTO — Canadian pension funds are falling short in responding to the climate crisis despite recent progress by some, said a report by an advocacy group out Wednesday.

These are the 10 most expensive natural disasters in Canada as measured by insurance payouts, adjusted for inflation in 2021. This data is from the Insurance Bureau of Canada. 1. Fort McMurray wildfires (2016): $4 billion 2.

TORONTO — Hudson's Bay Company has unveiled a list of the first 25 Zellers locations to open inside select Hudson's Bay department stores across Canada.

TORONTO — BMO Financial Group has secured the all-clear from U.S. regulators to close its US$16.3-billion takeover of California-based Bank of the West from BNP Paribas. The deal, expected to close on Feb.

TORONTO — Postmedia is moving a dozen of its Alberta community newspapers to digital-only formats, eyeing more outsourcing deals for printing and laying off workers.

MONTREAL — MTY Food Group Inc. has raised its quarterly dividend as the operator and franchisor of restaurants like Cold Stone Creamery, Manchu Wok and Thai Express continues its post-pandemic rebound.

SASKATOON — The Greater Saskatoon Chamber of Commerce is asking the federal competition regulator to investigate Air Canada's decision to end its flights between Saskatoon and Calgary and between Regina and Calgary.

WASHINGTON (AP) — Federal Reserve Chair Jerome Powell tested positive Wednesday for COVID-19 and is experiencing “mild symptoms," the Federal Reserve announced.

TORONTO — When Marissa McNeelands was hiring a senior artificial intelligence product manager last year, she asked recruiters to suggest an equal number of male and female candidates.

WASHINGTON (AP) — Wholesale prices in the United States rose 6.2% in December from a year earlier, a sixth straight slowdown and a hopeful sign that inflation pressures will continue to cool. The latest year-over-year figure was down from 7.