National Business

CALGARY — The coming startup of the Trans Mountain pipeline will help boost Canadian oil production to an all-time high within the next two years, according to a new report.

WATERLOO, ONT. — BlackBerry Ltd. says it will carve its cybersecurity and Internet of Things business units into two independently operated entities. The Waterloo, Ont.

CALGARY — TC Energy Corp. says it has closed its previously announced sale of a 40 per cent stake in its Columbia Gas Transmission and Columbia Gulf Transmission systems to New York City-based Global Infrastructure Partners for $5.3 billion.

MONTREAL — The massive outage on Canadian National Railway Co. lines that delayed thousands of Toronto-area commuters during the evening rush hour Tuesday can be traced to a routine software upgrade, the company says.

CALGARY — Birchcliff Energy Ltd. has announced the retirement of chief executive officer Jeff Tonken.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,034.81, up 13.89 points): Toronto-Dominion Bank. (TSX:TD). Finance. Down 21 cents, or 0.26 per cent, to $79.44 on 11.

CALGARY — French company TotalEnergies says it has finalized its sale of its 50 per cent stake in the Surmont oilsands project to U.S. oil company ConocoPhillipsin a deal worth up to $4.4 billion. Canadian oil producer Suncor Energy Inc.

TORONTO — The largest shareholder of Aimia Inc. says it has become disillusioned and frustrated by the company's board and management team, so it plans to make a bid to take Aimia private in a deal that would value the company at about $308 million.

TORONTO — Canada's main stock index eked out a small gain Wednesday as broad-based gains led by utility and technology stocks outweighed losses in energy and battery metals, while U.S. markets rose, led by technology.

NEW YORK (AP) — Wall Street closed higher as the bond market loosened its vise on the stock market. The S&P 500 rose 0.8% Wednesday, coming off a 1.4% tumble that sent it to its lowest level in four months.