National Business

MONTREAL — Power Corporation of Canada says it earned record profits last year as net income was flat in the fourth quarter. The Montreal-based holding company said its earnings attributable to shareholders reached $2.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (21,771.22, up 302.39 points.) Cenovus Energy Inc. (TSX:CVE). Energy. Up 57 cents or three per cent, to $19.50 on 8.5 million shares.

TORONTO — Canada's main stock index hit a record close as investors welcomed the U.S. Federal Reserve's interest rate guidance and commodities resumed their upward trajectory as part of a broad-based rally. The S&P/TSX composite index gained 302.

A number of Canadian companies have suspended or moved to withdrawal from Russia following its unprovoked invasion of Ukraine. Here is a partial list of those firms: Alberta Investment Management Corp .

TORONTO — Restaurant Brands International wants to sell its ownership stake in Burger King Russia after the business' main operator refused to suspend operations in the country.

TORONTO — Canadian Pacific Railway Ltd. said Thursday it has received strike notice from the union representing its engineers, conductors and other train employees.

TORONTO — The Ontario Securities Commission says cryptocurrency exchange Binance has agreed to stop facilitating trades for Ontario account holders, after making similar promises last year but continuing to operate in the country.

TORONTO — Shaking hands. Drinking coffee with colleagues. Wining and dining a client.

TORONTO — Lynx Air says it will begin flying out of Hamilton later this summer in an effort to expand its service in the Toronto region.

SASKATOON — Nutrien Ltd. is raising its potash production this year in response to the uncertainty of supply from eastern Europe as Russia's invasion of Ukraine continues.