National Business

CHARLOTTETOWN — Potato farmers on Prince Edward Island are preparing to ship potatoes to Puerto Rico after the United States announced earlier this week it would allow exports to resume to the territory.

The governor of the Bank of Canada made clear Wednesday that higher interest rates are coming to tamp down on inflation, but said businesses also need to do their part by boosting productivity and easing the supply constrains that are helping to push

A Canopy Growth Corp. warned Wednesday that market headwinds could hamper the cannabis company's ability to be profitable in Canada, even after it spent months uncovering $85 million in cost savings.

HALIFAX — Workers at a Sobeys distribution centre in Quebec have gone on strike after negotiations between the company and the union broke down, a situation that could strain an already delicate food supply chain.

TORONTO — DesRosiers Automotive Consultants say used car sales increased five per cent last year amid semiconductor shortages that hampered the new car market and drove buyers to used car lots.

LONGUEUIL, Que. — Héroux-Devtek Inc. is reporting a major drop in profit and revenue last quarter due to supply chain disruptions brought on by the Omicron variant of COVID-19. The landing-gear manufacturer says delayed deliveries and snags at its U.

CALGARY — In Canada's largest oil and gas producing province, investors who have been made wealthy by the energy sector are starting to open their pockets to a budding local tech industry.

VANCOUVER — Boston Pizza International Inc. reported fourth-quarter profit fell to $12.6 million compared with $19.6 million a year ago as the company continues to navigate the COVID-19 pandemic and restrictions on the restaurant industry.

SASKATOON — Cameco Corp. raised its annual dividend as it reported its fourth-quarter profit and revenue fell compared with a year ago. The uranium miner says it will now pay an annual dividend of 12 cents per share, up from eight cents per share.

BEIJING (AP) — Asian stocks rose Wednesday after Wall Street rebounded as investors waited for U.S. inflation data that might influence the pace of Federal Reserve interest rate hikes. Shanghai, Tokyo, Hong Kong and Sydney advanced.