National Business

TORONTO — Bank of Montreal and National Bank have withdrawn from the UN-backed Net-Zero Banking Alliance that aims to accelerate climate action among financial institutions. The Friday departures follow withdrawals by the six largest banks in the U.

TORONTO — Canada's main stock index gained more than 200 points Friday, led by strength in utilities and base metals, while U.S. stock markets saw a steady rally on the last trading day before Donald Trump is inaugurated as president.

VANCOUVER — A residential market sales forecast by Greater Vancouver Realtors says the impact of possible tariffs from the United States would likely be short-lived.

NEW YORK (AP) — U.S. stock indexes rallied to close out their best week in two months. The S&P 500 rose 1% Friday. The Dow Jones Industrial Average climbed 0.8%, and the Nasdaq composite gained 1.5%.

TORONTO — TD Bank Group is speeding up its plan to install its new chief executive and overhauling its board as it continues to deal with the fallout of its anti-money laundering failures in the United States.

OTTAWA — Extraordinary measures taken by the Bank of Canada during the pandemic could have been communicated more clearly, an internal review has found, including an explanation of how the actions would be wound down after the crisis.

EDMONTON, ALBERTA, CANADA — The Alberta Energy Regulator has laid nine charges against Imperial Oil almost two years after an estimated 5.

FREDERICTON — New Brunswick's liquor and cannabis stores had to shut down their debit and credit card machines last week after detecting a cybersecurity threat, and the problem has yet to be fixed.

NEW YORK (AP) — Mozambique’s former finance minister has been sentenced to serve another two-and-a-half years in prison by a U.S. court for his role in the “ tuna bond ” scandal that triggered a financial crisis in the African nation.

TORONTO — Hudson's Bay says it has laid off 41 staff as it revamps the retailer's structure.