National Business

The Bank of Canada expects to see a clear pullback in inflation by the spring, but it isn't taking any chances in its efforts to get the inflation rate back to two per cent, said governor Tiff Macklem on Monday.

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (20,019.70, up 72.63): Suncor Energy Inc. (TSX:SU). Energy. Up 97 cents, or 2.40 per cent, to $41.35 on 16 million shares.

TORONTO — Canada's main stock index was up slightly Monday, with gains in energy, industrials, technology and utilities, while U.S. markets posted stronger gains. The S&P/TSX composite index was up 72.63 points at 20,019.70. U.S.

NEW YORK — Stocks are closing higher on Wall Street at the start of a busy week where central banks are likely to unload the year’s final barrage of interest rate hikes. The S&P 500 rallied 1.4% Monday.

WASHINGTON (AP) — The Supreme Court on Monday refused a request from tobacco companies to stop California from enforcing a ban on flavored tobacco products that was overwhelmingly approved by voters in November. R.J.

CALGARY — Spills from TC Energy Corp.'s Keystone pipeline have been increasing in severity in recent years, to the point that the pipeline's safety record is now worse than the U.S. average, U.S. government data shows.

TORONTO — Constellation Software Inc. says it will buy U.S. tech company WideOrbit Inc., merge the firm with its subsidiary Lumine Group and then spin them off into a separate business.

OTTAWA — Canadian households' debt-to-income ratio rose in the third quarter as rising interest rates affected the cost of borrowing. There was $1.

Microsoft is taking a roughly 4% stake in the operator of the London Stock Exchange, which has agreed to spend at least $2.8 billion in cloud-computing services from the technology giant.

Amgen is spending more than $26 billion to dive deeper into rare disease treatments with a deal for drugmaker Horizon Therapeutics. The biotech drug developer said Monday that it will pay $116.