National Business

HALIFAX — The company planning to build Canada’s first spaceport in northeastern Nova Scotia says the war in Ukraine has not affected its plans to source rockets from the embattled European country.

Teck Resources Ltd. posted another record quarterly profit Wednesday, putting the company in strong financial position as it gears up for the completion of its massive new QB2 copper mine in Chile later this year.

TORONTO — As Elon Musk moves forward with his efforts to buy Twitter and potentially bring in a range of changes, social media experts say adding an edit feature is not as simple as it seems and could have negative consequences.

DETROIT (AP) — Elon Musk’s request to scrap a settlement with securities regulators over 2018 tweets claiming he had the funding to take Tesla private was denied by a federal judge in New York.

TORONTO — A report by RBC Economics says inflation and rising borrowing costs will affect all Canadian households, but low income Canadians will feel the sharpest sting.

MONTREAL — CGI Inc. reported a profit of $372 million in its latest quarter, up from $341.2 million a year earlier, as its revenue grew six per cent. The business technology and consulting firm says the profit amounted to $1.

WARSAW, Poland (AP) — Polish and Bulgarian officials said Tuesday that Moscow is cutting off natural gas deliveries to their countries due to their refusal to pay in Russian rubles , a demand made by President Vladimir Putin after sanctions were levi

MONTREAL — Canadian National Railway Co. on Tuesday lowered its earnings forecast for the year after profits sagged in its first quarter.

MONTREAL — Aldo Group Inc. says its North American creditors have voted in favour of its restructuring plan and settlement, almost two years after the footwear company filed for creditor protection.

WASHINGTON (AP) — The Senate on Tuesday confirmed the nomination of Lael Brainard to a four-year term as vice chair of the Federal Reserve, elevating her to the Fed's No.