National Business

TORONTO — Hudson's Bay says Liz Rodbell will take over as president and CEO of the company, returning to the helm after serving as president from 2013 to 2017. The Canadian retail arm of Hudson's Bay Co.

PANAMA CITY (AP) — First Quantum Minerals Ltd. is suspending operations at its Cobre Panama mine as intense environmental protests block crucial accesses to the site.

MONTREAL — Porter Airlines and Air Transat have announced a joint venture, as the two carriers look to expand their range of destinations, tap each other's markets and gear up for a battle with Canada's biggest carrier.

NEW YORK — Stocks drifted to a mostly higher close following a strong report on consumer confidence and growing hopes that the Federal Reserve is finished with its aggressive interest rate hikes. The S&P 500 rose 0.1% Tuesday.

ISSY-LES-MOULINEAUX, France (AP) — Saudi Arabia’s capital Riyadh was chosen Tuesday to host the 2030 World Expo following its bid that focused on shaping a prosperous and sustainable future, beating out Rome and the South Korean port city of Busan fo

WASHINGTON (AP) — A key Federal Reserve official raised the possibility Tuesday that the Fed could decide to cut its benchmark interest rate as early as spring if inflation keeps declining steadily .

Online streaming giants should be forced to contribute two per cent of their annual Canadian revenue to support Canadian and Indigenous content and help level the playing field for local broadcasters, executives from Rogers Communications Inc.

TORONTO — Scotiabank's profits took a sizable hit last quarter as it felt the early effects of the slowing economy, and prepared for worse to come.

TORONTO — Government impersonation is one of the most common financial scams plaguing people across Canada, a new survey from payment processing company Interac Corp. has found.

THOMPSON, Man. — The Canada Infrastructure Bank has signed a deal to lend $52 million to help pay for the redevelopment of Manitoba's Thompson Regional Airport including the replacement of the terminal building which is sinking into the permafrost.