National Business

CALGARY — Crude oil prices plunged below US$70 and Canadian energy stocks took a beating Wednesday as market chaos continued amid concerns about a spreading bank crisis.

LAVAL, Que. — Alimentation Couche-Tard Inc. says it earned US$737.4 million in its third quarter ended Jan. 29, down 1.2 per cent from a year earlier. The Laval, Que.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,378.84, down 315.32): Suncor Energy Inc. (TSX:SU). Energy. Down $2.80, or 6.50 per cent, to $40.27 on 15.4 million shares.

TORONTO — Canada's main stock index sank Wednesday, pulled down by the energy and financial sectors as mounting apprehensions over the global banking sector spread, while U.S. markets were mixed as the tech sector held its own.

MONTREAL — Flair Airlines has filed a $50-million lawsuit against several plane-leasing companies over the "unlawful" seizure of four of its aircraft last weekend

NEW YORK (AP) — Stocks fell amid fresh worries about the banking sector, although Wall Street more than halved its losses by the closing bell. The S&P 500 closed with a decline of 0.7%.

February's home sales plummeted 40 per cent from a year ago to levels not seen since before the pandemic as new listings and prices also dropped in what one economist called "hints of a bottoming process.

Investors are getting conflicting advice from independent proxy advisors on whether the takeover price for cybersecurity firm Magnet Forensics Inc. is fair. Glass Lewis & Co.

CALGARY — The U.S. rail regulator is giving a green light to Canadian Pacific Railway Ltd. to take control of Kansas City Southern Railway Co. as early as April 14.

OTTAWA — Canada's banking regulator says the Canadian branch of Silicon Valley Bank is being restructured in a way that will allow it to continue operations in the country.