National Business

TORONTO — Canada's main stock index gained more than 100 points Thursday, boosted by gains in energy stocks, while U.S. markets also rose. The gains south of the border closed out February with more all-time highs for U.S.

NEW YORK (AP) — Wall Street closed out its fourth winning month in a row with more record highs. The S&P 500 rose 0.5% Thursday, beating the all-time high it set last week. The Nasdaq composite climbed 0.9%, besting its record set in 2021.

TORONTO — CIBC and TD Bank wrapped a round of quarterly bank results Thursday that, like the Canadian economy itself, largely beat what were fairly low expectations.

SAINT-JÉRÔME, Que. — The Lion Electric Co. says it is laying off 100 more employees or about seven per cent of its total workforce in a move to reduce costs.

MONTREAL — WSP Global beat earnings expectations last quarter, boosting profits by nearly nine per cent year-over-year and forecasting a similar jump in adjusted earnings for 2024. Organic growth at the engineering company drove $130.

Canadian Natural Resources Ltd. drew on its abundant reserves to set a slew of production records last quarter, boosting its bottom line by 72 per cent. The country's largest oil and gas producer by market capitalization churned out 1.

HALIFAX — Nova Scotia has tabled a $16.5-billion budget that indexes provincial income tax rates to inflation — a move the government said Thursday will provide relief from the province's rising cost of living.

MPs have voted unanimously to summon the chief executives of Canada's three largest telecommunications companies to testify at a federal committee as it studies the accessibility and affordability of wireless and broadband services.

OTTAWA — The Canadian economy continues to beat recession fears, posting modest growth in the fourth quarter even as high interest rates weighed on consumers and businesses.

TORONTO — TD Bank Group has identified where its deficiencies in anti-money laundering oversight are and is working to address them, said chief executive Bharat Masrani.