National Business

NEW YORK (AP) — Stocks ended mixed on Wall Street after paring losses from the morning. The S&P 500 still posted its first back-to-back weekly declines since the turn of the year. The index lost 0.3% Friday.

OTTAWA — High household savings in Canada and the U.S. may help both countries avoid a severe downturn as high interest rates ripple through the economy.

MONTREAL — Air Canada's comeback from pandemic shutdowns appears to be gaining momentum after the airline posted a profit in its latest quarter, offering hope the industry has turned a corner even as the country's largest airline posted a $1.

TORONTO — Indigo Books & Music Inc. has created a temporary website for its customers to browse for books and gifts after a cyberattack halted the company's online operations last week.

OTTAWA — Canada's annual inflation rate has been slowing since the summer, but economists are predicting that higher fuel prices in January may have hindered that trend.

NEW DELHI (AP) — India’s Finance Ministry accused the BBC of tax evasion on Friday, saying that it had not fully declared its income and profits from its operations in the country.

CALGARY — TransAlta Corp. says it will acquire a 50 per cent interest in an early-stage pumped hydro energy storage development project in southwest Alberta.

The companies involved in Rogers Communications Inc.'s $26-billion deal to buy telecommunications rival Shaw Communications Inc. have extended their deadline to complete the transaction. Rogers, Shaw, the Shaw Family Living Trust and Quebecor Inc.

Here's a look at some key moments leading up to this point: March 15, 2021: Rogers announces an agreement to buy Shaw in a deal valued at $26 billion. Rogers says it will purchase all outstanding Class A and B shares of Shaw for $40.

TORONTO — As a growing number of tech companies carry out successive rounds of layoffs, Shopify Inc.'s president says there are no more cuts in the works for the Ottawa-based e-commerce company.