National Business

ST. JOHN'S, N.L. — Newfoundland and Labrador forecast a $351-million deficit in its budget tabled on Thursday, projecting a significant drop in oil royalties for the 2022-23 fiscal year at a time when oil prices are skyrocketing.

TORONTO — Canada's main stock index reversed early losses to edge higher Thursday as the materials and energy sectors strengthened ahead of the afternoon release of the federal budget. The S&P/TSX composite index closed up 46.29 points to 21,834.

TORONTO — Royal Bank of Canada's chief executive officer said Thursday that an "orderly transition" to a net-zero economy is crucial, as he faced questions about the bank's climate strategy and ongoing financing of fossil fuels during its annual shar

Lynx Air made its inaugural flight Thursday, marking the latest entrant into Canada's increasingly crowded budget airline market.

NEW YORK (AP) — Refuting suggestions that he’s lost interest in going after Donald Trump, Manhattan District Attorney Alvin Bragg said Thursday a criminal investigation into the former president and his business practices is continuing “without fear

WASHINGTON (AP) — Congress voted overwhelmingly Thursday to suspend normal trade relations with Russia and ban the importation of its oil, ratcheting up the U.S. response to Russia's invasion of Ukraine amid reports of atrocities.

TORONTO — Canadian media company Corus Entertainment Inc. has landed its largest U.S. distribution deal ever with subscription streaming service Hulu.

TORONTO — Roots Corp. beat expectations as it capped a strong 2021 with net profits increasing 47 per cent in the fourth quarter. The Toronto-based clothing retailer says it earned $18.

TORONTO — Talk of an upcoming recession is raising angst after a closely watched indicator flashed a warning sign, but experts say it could be a needed spark for investors to take a more active look at their portfolios.

MONTREAL — Richelieu Hardware Ltd. posted a higher profit in its latest quarter amid a sharp rise in sales as the company added three new acquisitions to its network.