National Business

Fewer Americans applied for unemployment benefits last week as layoffs remain at historically low levels even as other signs that the labor market is cooling have surfaced.

CAMBRIDGE, Ont. — ATS Corp. reported a fourth-quarter profit of $48.5 million, up from $29.6 million a year earlier, as its revenue rose 8.3 per cent.

KINGSEY FALLS, Que. — Cascades Inc. has named Resolute Forest Products executive Hugues Simon as its next president and CEO. The paper and packaging company says Simon will takeover the new job no later than July 1.

VICTORIA — A British Columbia First Nation says it has lost faith in federal plans to remove open net-pens from the province’s ocean salmon farms and is reluctantly relaunching legal action it had on hold that challenges Fisheries Department aquacult

OTTAWA — Canada's tourism industry is trying to put on its Sunday best this week, showcasing itself to more than 500 international travel agents and tour operators at the largest annual tourism convention in Canada.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (22,284.76, up 41.42 points): Enbridge Inc. (TSX:ENB). Energy. Down 17 cents, or 0.34 per cent, to $50.33 on 14.4 million shares.

MONTREAL — The authority that runs Montreal's international airport is going to court to stop an up-and-coming suburban airport from rebranding with the city's name, arguing it will sow confusion among travellers.

TORONTO — Ontario will revamp how it compensates seasonal agricultural workers who are injured on the job, but critics say thousands of other migrant workers are being left out of the changes.

Police in the Greater Toronto Area say they've arrested and charged a man who called himself the "crypto king" after an investigation into an alleged investment fraud involving millions of dollars.

TORONTO — Strength in technology and utility stocks helped Canada's main stock index inch higher Wednesday, while U.S. stock markets rallied to new record highs after a pair of reports on inflation and retail sales.