National Business

TORONTO — CIBC's strategy of investing in its own growthhas led to increased revenue and earnings from loans, fees and capital markets in the first quarter that outpaced rising expenses, chief executive Victor Dodig said Friday.

FRANKFURT, Germany (AP) — Even as gunfire sounded in Ukraine's capital, natural gas kept flowing normally Friday through the major pipelines from Russia to Europe.

WASHINGTON (AP) — An inflation gauge that is closely monitored by the Federal Reserve jumped 6.

HALIFAX — In less than 24 months, Hannah Kovacs temporarily closed her gym Move East three times.

OTTAWA — The federal government posted a budgetary deficit of $70.1 billion for the April-to-December period of its 2021-22 fiscal year. In its monthly fiscal monitor report, the Finance Department says the result compared with a deficit of $248.

TORONTO — Hydro One Ltd. reported a fourth-quarter profit attributable to common shareholders of $159 million, down from $161 million a year earlier. The utility says the profit amounted to 27 cents per share for the quarter ended Dec.

CAMDEN, N.J.

EDMONTON — CWB Financial Group reported its first-quarter profit rose compared with a year ago and beat expectations. The Edmonton-based bank says the profit attributable to common shareholders amounted to $87.

TORONTO — Hudson's Bay is closing one of its two stores in downtown Toronto after 48 years. The department store retailer says its Bloor Street location will close May 31, joining stores in Edmonton, Winnipeg and Dorval, Que.

VANCOUVER — Canfor Corp. has signed a letter of intent to sell its forest tenure in the Mackenzie region of British Columbia to two First Nations.