National Business

Meta, the company that owns Facebook, Instagram and WhatsApp, saw its stock plunge after-hours Wednesday after unexpectedly heavy spending on its “metaverse” project led to a rare decline in its fourth-quarter profit.

MONTREAL — Two lenders have turned to a U.S. court to demand compensation from Bombardier Inc. after the business jet maker sold off key assets over the past few years.

TORONTO — Canada's main stock index closed higher for a fourth-straight day despite a big drop by Shopify Inc. and the tech sector. The S&P/TSX composite index closed up 42.44 points to 21,362.

OTTAWA — The country's top central banker is warning of uncertainty for how quickly three-decade-high inflation rates will come back down to the Bank of Canada's comfort zone.

NEW YORK (AP) — CNN President Jeff Zucker abruptly resigned Wednesday after acknowledging a consensual relationship with another network executive — an entanglement that came to light during an investigation of now-fired anchor Chris Cuomo.

MONTREAL — CGI Inc. beat expectations as it reported profit growth of seven per cent year over year in its first quarter, driven by ongoing demand for digital services amid the COVID-19 pandemic.

PRINCE RUPERT, B.C. — The Prince Rupert Port Authority and DP World are boosting capacity on B.C.'s north coast amid ongoing supply chain challenges that an analyst says could bode well for Canadian National Railway Co.

GENEVA — Late-night partying at clubs. Elbow-to-elbow seating in movie theaters.

TORONTO — DesRosiers Automotive Consultants says Canadian auto sales inched up 0.6 per cent in January from a year earlier as vehicle shortages caused by semiconductor supply issues continue to weigh on the industry.

VANCOUVER — The Real Estate Board of Greater Vancouver says January home sales slowed from a record-setting pace last year as the number of properties available dropped. The B.C.