National Business

TORONTO — The gap between the highest earners and lowest income groups last year was at its widest since 2015 as the wealthiest households saw income grow much faster than lower-income Canadians.

TORONTO — First Nations are set to increasingly become equity partners in major projects, a shift that could lead to self-sustaining financial independence, said the chair of the First Nations Major Projects Coalition.

TORONTO — Honda Canada is set to build an electric vehicle battery plant near its auto manufacturing facility in Alliston, Ont., where it also plans to produce fully electric vehicles, The Canadian Press has learned.

TORONTO — Shares of Energy Fuels Inc. were down 10 per cent in late-morning trading after the company announced a deal to buy Base Resources Ltd.

EDMONTON — Alberta Investment Management Corp. says its balanced fund earned a net return of 8.0 per cent for 2023, short of its benchmark return of 9.3 per cent. The investment manager says its public equity investments earned 15.

WASHINGTON (AP) — The Supreme Court agreed on Monday to take up a Biden administration appeal over the regulation of difficult-to-trace ghost guns that had been struck down by lower courts.

NEW YORK (AP) — Wall Street is opening higher following a three-week losing streak. The S&P 500 was up 0.5% early Monday, coming off its longest weekly losing streak since September.

TORONTO — Descartes Systems Group said it has acquired Aerospace Software Developments in a deal worth about $83 million. Under the transaction, Descartes will pay a total of about 57 million euros for the Dublin-based company.

LETHBRIDGE, Alta.

MONTREAL — Jay Sorensen flies both business class and economy.