National Business

LOCKEPORT, N.S. — Halifax-based Clearwater Seafoods announced Thursday plans to change its lobster operations, which will result in permanent and temporary job losses in Nova Scotia.

Quebecor Inc. raised its quarterly dividend as it reported its fourth-quarter profit rose compared with a year ago, as the company continued to boost the number of wireless phone customers it serves.

TORONTO — RBC reported a surge in impaired loans in its first quarter but says overall results were boosted by better-than-expected economic and banking conditions. Canada's largest bank reported gross impaired loans of $7.

MONTREAL — The Japanese owner of 7-Eleven says it's in talks with Alimentation Couche-Tard Inc. after a management buyout proposal from a member of the family that helped found the company was unable to secure financing. Seven & i Holdings Co.

TORONTO — When Harpreet Singh decided to convert his basement into a rental suite, funding the renovation essentially came down to two options: using his own savings or borrowing money.

WASHINGTON (AP) — President Donald Trump says he plans to impose tariffs on Canada and Mexico starting next Tuesday, in addition to doubling the 10% universal tariff charged on imports from China.

WASHINGTON (AP) — The American economy grew at a solid 2.3% annual rate the last three months of 2024, supported by a burst of year-end consumer spending, the government said, leaving unchanged its initial estimate of fourth-quarter growth.

Applications for U.S. jobless benefits rose to a three-month high last week but remained within the same healthy range of the past three years. The number of Americans filing for jobless benefits rose by 22,000 to 242,000 for the week ending Feb.

EDMONTON — The looming threat of U.S. tariffs along with a potential tax cut are expected to dominate Alberta's budget today.

WINNIPEG — Manitoba's latest plan to reduce homelessness has seen the project's first person moved from an encampment into housing, says an adviser.