National Business

OTTAWA — Canada's annual inflation rate was 3.4 per cent in December, Statistics Canada says.

VANCOUVER — Teck Resources Ltd. says its copper production for 2023 fell short of its guidance for the year, while its zinc production also came in slightly below its expectations.

SURREY, B.C. — Black Press Ltd., the owner of dozens of community newspapers across Western Canada, said Monday it had entered creditor protection, secured a tentative sale of the company and that founder David Black is retiring. The Surrey, B.C.

TORONTO — First Quantum Minerals says the cost of preserving and managing its suspended Cobre Panamacopper mine is expected to range between $15 million and $20 million per month.

Edmonton's Capital Power Corp. and Ontario Power Generation are joining together to assess the feasibility of developing small modular nuclear reactors to help power Alberta's electricity grid.

BRAMPTON, Ont. — Loblaw Cos. Ltd. confirmed that it's no longer offering discounts of up to 50 per cent on items nearing expiry.

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (21,061.88, up 71.66 points): Toronto-Dominion Bank. (TSX:TD). Finance. Up 99 cents, or 1.23 per cent, to $81.48 on 5.8 million shares.

TORONTO — Gains in telecommunication and energy stocks helped Canada's main stock index creep higher to start the week. The S&P/TSX composite index closed up 71.66 points at 21,061.88, while U.S.

TORONTO — Mastermind Toys has terminated about 272 employees as the retailer is turned over to new ownership.

MONTREAL — Canadian shippers are starting to feel the strain of recent attacks on cargo vessels in the Red Sea, as container rates rise and boats roll in late on the East Coast.