National Business

MONTREAL — Laurentian Bank of Canada is cutting in half its office space in downtown Montreal, Toronto and Burlington, Ont., as part of its strategic plan that it will unveil in a couple of weeks.

TORONTO — Canada's main stock index snapped a four-day skid as financials rose on higher bond yields and increasing crude oil prices lifted the energy sector. The S&P/TSX composite index closed up 33 points to 21,453.77.

CALGARY — After seven years of layoffs and hard times, employers in Alberta's oilpatch are once again flush with cash and out to lure workers from the Maritimes and other parts of Eastern Canada.

TORONTO — Younger Canadians are checking their credit reports more often than their older counterparts, but still have many misconceptions as to how they work, according to a recent survey.

A Telus Corp. executive told a CRTC hearing Tuesday that Rogers Communications Inc.'s proposed takeover of Shaw Communications Inc. is dangerous for the same reason that Rogers is pursuing it — scale.

OTTAWA — A senior official at the Bank of Canada says the number of highly indebted households appears to be back on the rise as pandemic aid from governments winds down.

CLEVELAND (AP) — Three retail pharmacy chains recklessly distributed massive amounts of pain pills in two Ohio counties, a federal jury said Tuesday in a verdict that could set the tone for U.S.

Interfor Corp. will become the only lumber company with operations in all four producing regions of North America with its purchase of Eacom Timber Corp. for $490 million. The Burnaby, B.C.

CALGARY — Parkland Corp. is moving to pause its refinery processing operations in Burnaby, B.C., due to a lack of crude oil supply from the Trans Mountain pipeline, which has been shut down as a precaution due to the flooding in B.C.

MONTREAL — Canadian National Railway Co. says it plans to restore "limited" service on washed-out tracks in southern British Columbia tomorrow after flooding and mudslides cut vital supply links.