National Business

OTTAWA — The Bank of Canada kept its key interest rate target on hold at five per cent on Wednesday.

NEW YORK (AP) — Stocks are recovering much of their sharp losses from the day before, which was Wall Street’s worst in three weeks. The S&P 500 was 0.7% higher early Wednesday. The Dow rose 240 points, and the Nasdaq composite was 1% higher.

SASKATOON — The Canada Infrastructure Bank has signed a $100-million deal with the First Nations Bank of Canada to help Indigenous communities borrow money to build infrastructure.

LONDON (AP) — British Treasury chief Jeremy Hunt is seeking to bolster spirits within his Conservative Party ranks with a series of tax cuts that he hopes can turn the political dial ahead of a general election this year.

As a young girl, Shania Twain says she used to make her own dolls, modelled after Barbie. Her family couldn't afford to buy her the real deal, Twain says, so she took matters into her own hands.

VANCOUVER — Canfor Corp. says it lost $117.1 million in the fourth quarter of 2023, a smaller loss than $207.9 million a year earlier. The Vancouver-based company says sales totalled $1.28 billion, down from $1.

MONTREAL — Members of the comedy world say they're saddened by the cancellation of this year's Just for Laughs Montreal comedy festival, whose years of shows have highlighted some of the industry’s biggest names and launched the careers of many comed

OTTAWA — A proposed income tax change to crack down on cross-border tax avoidance could unintentionally hike power bills and natural gas rates for consumers, Electricity Canada is warning.

MONTREAL — Nuvei Corp. says it earned US$14.1 million in the fourth quarter, up from US$9.4 million a year earlier. The Montreal-based payment technology company, which reports in U.S. dollars, says revenue for the quarter ended Dec. 31 was US$321.

WINDSOR, Ont. — Stellantis says its electric Dodge Charger will be built at the Windsor, Ont. assembly plant. The automaker says the EV version marks the arrival of the next generation of Dodge muscle cars.