National Business

TORONTO — Power Corp. of Canada has hired veteran Scotiabank executive Jake Lawrence as its next chief financial officer.

NEW YORK (AP) — Stocks are clawing back some of their sharp losses from the day before, as conditions calm a bit on Wall Street. The S&P 500 was 0.6 % higher in early trading Wednesday. It had tumbled 1.

VANCOUVER — Boston Pizza Royalties Income Fund raised its monthly payment to unitholders as it reported a fourth-quarter profit of $5.2 million. The fund says it will now pay a monthly distribution of 11.3 cents per unit, up from 10.7 cents per unit.

ISTANBUL (AP) — A huge landslide hit a gold mine in eastern Turkey on Tuesday, trapping at least nine workers underground, officials said. The landslide at the Copler mine happened at 2:30 p.m.

A flurry of holiday sales saw Shopify Inc. end 2023 with strong revenue growth and profits even as consumers continued to grapple with inflation.

VANCOUVER — The BC Real Estate Association says there was a nearly 30 per cent increase in home sales last month compared with January 2023, while prices were also up.

A Federal Court ruling Tuesday has thrown out a decision from federal Environmental Minister Steven Guilbeault denying a permit for an open-pit coal mine in the Alberta Rockies.

TORONTO — Intact Financial Corp. says it earned $531 million in the fourth quarter of 2023, a 50 per cent increase from earnings of $353 million during the same quarter a year earlier. The Toronto-based company says earnings of $1.

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,584.97, down 482.33 points): Suncor Energy Inc. (TSX:SU). Energy. Down 69 cents, or 1.58 per cent, to $42.86 on 11.4 million shares.

TORONTO — Canada's main stock index lost more than two per cent on Tuesday on a broad-based decline, following U.S. markets as they slid on news that inflation in January was hotter than expected. U.S. prices rose 3.