National Business

TORONTO — The Ontario judge who ruled in Cineplex Inc.'s favour in a case against its former suitor Cineworld Group PLC found testimony from the U.K. theatre giant's executives was contradicted by their text messages and other internal documents.

TORONTO — North American stock markets reversed early losses after the U.S. Federal Reserve removed uncertainty by confirming it would accelerate the shrinking of monthly bond purchases and raise interest rates three times next year.

CALGARY — A program that helps farmers in Eastern Canada ship hay to drought-affected farmers on the Prairies has saved 17,000 head of cattle, but a national farm organization said even its best efforts won't be enough to mitigate all the losses from

TORONTO — National Bank is the latest financial institution to delay its plans to have more employees return to the office as concerns increase about the highly transmissible Omicron variant of COVID-19.

The Canadian Real Estate Association says housing sales will moderate next year, but prices aren't expected to ease any time soon.

LONDON, Ont. — The organization that oversees the St. Lawrence Seaway says general cargo shipments have surged 71 per cent so far this operating season, helping to offset a weakened grain crop. The St. Lawrence Seaway Management Corp.

EDMONTON — Flair Airlines plans to expand its fleet to 30 aircraft by mid-2023, more than double the current size as it strives for a 50-plane fleet within five years.

BRUSSELS (AP) — Omicron is expected to be the dominant coronavirus variant in the European Union's 27 nations by mid-January, the bloc's top official said Wednesday amid concerns that a dramatic rise in infections will leave Europe shrouded in gloom

CALGARY — Parkland Corp. says it is ramping up processing at its B.C. refinery following the restart of the Trans Mountain pipeline. Calgary-based Parkland paused processing operations at its Burnaby refinery from Nov. 22 to Dec.

OTTAWA — Canada's national annual inflation rate was 4.7 per cent in November, Statistics Canada says.