National Business

Canadian National Railway Co. warned Tuesday of rockier times ahead in 2023, even as it celebrated double-digit earnings gains for the fourth quarter of 2022.

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,629.55, down 2.03): Enbridge Inc. (TSX:ENB). Energy. Down 46 cents, or 0.82 per cent, to $55.55 on 12.7 million shares.

Hudson's Bay is laying off two per cent of its total workforce, estimated to be about 250 employees, largely within Canada.

TORONTO — Canada's main stock index was largely unchanged Tuesday as weakness in energy was offset by gains in telecom and industrials, while U.S. markets were mixed. The S&P/TSX composite index was down 2.03 points at 20,629.55.

TORONTO — Sources say newspaper publisher Postmedia Network Corp. is laying off 11 per cent of its editorial staff, less than a week after workers were told the company was grappling with "economic contraction."

New York City comptroller Brad Lander and three of the city's pension funds are offering shareholder proposals calling on several banks including Royal Bank of Canada to disclose absolute greenhouse gas emissions targets for 2030.

WASHINGTON (AP) — The Justice Department and eight states filed an antitrust suit against Google on Tuesday, seeking to shatter its alleged monopoly on the entire ecosystem of online advertising as a hurtful burden to advertisers, consumers and even the U.S. government

EDMONTON — Alphabet Inc. says it will close the Edmonton office owned by its artificial intelligence subsidiary DeepMind.

KAMPALA, Uganda (AP) — Oil drilling has begun in a Chinese-operated field in Uganda and the East African country expects to start production by 2025, an official said Tuesday.

Metro Inc., the first of Canada's big three grocers to release earnings this year, reported Tuesday a double-digit increase in profits and a 10 per cent dividend hike following a period that saw food prices rise at the fastest pace in decades.