National Business

VANCOUVER — Lululemon Athletica Inc. says it earned US$669.5 million in its fourth quarter, up from US$119.8 million a year earlier. The Vancouver-based clothing company's revenues for the fourth quarter were US$3.2 billion, up from US$2.

CALGARY — A consortium of Canada's largest oilsands companies will submit an application before the end of the week for approval of its proposed $16.5-billion carbon capture pipeline project.

TORONTO — The City of Toronto has given Rogers Communications Inc. the green light to set up cameras and sensors at five downtown intersections that will track the movement of vehicles, pedestrians and cyclists with the aim of alleviating gridlock.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (22,087.26, up 41.55 points): TC Energy Corp. (TSX:TRP). Energy. Up 62 cents, or 1.15 per cent, to $54.66 on 13.6 million shares.

The head of Alimentation Couche-Tard Inc. says lower-income consumers feeling "strained" by economic headwinds are cutting back on how often they visit the chain's convenience stores.

Canada's competition watchdog is urging Ottawa to adopt an open banking framework that would ease the barriers to switching institutions and boost competition in the financial sector.

NEW YORK (AP) — Reddit's stock soared in its Wall Street debut as investors pushed the value of the company close to $9 billion seconds after it began trading on the New York Stock Exchange.

TORONTO — Canada's main stock index rose Thursday to scrape out a new all-time closing high, while U.S. markets continued to set their own records. The S&P/TSX composite index closed up 41.55 points at 22,087.26. Its previous record was 22,087.

TORONTO — Royal Bank of Canada says it will be closing 25 HSBC Bank Canada branches and rebranding dozens more after its takeover deal closes next week.

SEATTLE (AP) — Every part of Barbara Peraza-Garcia and her family’s single-room apartment in Seattle has a double or even triple purpose.