National Business

Higher grocery prices are expected to hit stores across Canada as a blackout on price increases over the holiday season comes to an end

TORONTO — BMO Financial Group says it has closed its US$16.3 billion acquisition of Bank of the West more than 13 months after initially announcing the deal. The bank says the closing of the deal adds nearly 1.

CALGARY — The Calgary Real Estate Board says January's new listings fell to a level not seen since the last 90s as home sales declined 40 per cent from the year before.

CALGARY — The estimated cost of the Coastal GasLink pipeline has increased by 29 per cent to $14.5 billion, as the company behind the project continues to be dogged by unexpected construction issues and rising labour costs.

OTTAWA — Terrie Meehan sometimes eats just one meal a day so she can stretch her food supply. The $1,100 a month she receives from the Ontario Disability Support Program just doesn't go that far.

BUCHAREST, Romania (AP) — A Romanian court on Wednesday upheld a second 30-day detention for the divisive influencer and former professional kickboxer Andrew Tate who is held on suspicion of organized crime and human trafficking, an official said.

WASHINGTON (AP) — U.S. job openings rose to 11 million in December, delivering a setback to the Federal Reserve's effort to cool a hot job market. Openings were up from 10.

Experts say Canada’s plan to increase immigration may ease some pressures in the labour market, but bigger changes are needed to ensure new permanent residents are matched with the jobs that most need filling.

TORONTO — Canaccord Genuity Group Inc. has signed a deal to acquire the Canadian private wealth business of Mercer Global Investments Canada Ltd. Financial terms of the agreement were not immediately available.

MONTREAL — CGI Inc. reported a first-quarter profit of $382.4 million, up from $367.4 million a year earlier, as its revenue rose more than 10 per cent. The technology and business consulting firm says the profit amounted to $1.