National Business

MONTREAL — Telecom giant BCE Inc. is starting to wind down a surge of infrastructure spending as it readies to flex both its improved network and increased capital room to attract more customers.

LONDON (AP) — Global energy giant Shell said Thursday that its annual profits doubled to a record high last year as oil and natural gas prices soared after Russia's invasion of Ukraine . London-based Shell Plc posted adjusted earnings of $39.

FRANKFURT, Germany (AP) — The European Central Bank chugged ahead with another outsized interest rate hike Thursday and vowed more will follow, underlining its drive to subdue inflation even as the economy slows and the U.S.

TORONTO — DesRosiers Automotive Consultants Inc. (DAC) says light vehicle sales in Canada in January were up 7.5 per cent compared with the first month of 2022.

Fletcher Gailey-Snell likes to draw t-rexes and triceratops, hammerhead sharks and belugas. He doesn't particularly enjoy thinking about taxes.

TORONTO — Rogers Communications Inc.

MONTREAL — BCE Inc. reported its fourth-quarter profit fell compared with a year ago and in its outlook for 2023 said it expected its adjusted earnings per share for the full year will be down compared with 2022.

CANBERRA, Australia (AP) — Australia is removing the British monarchy from its bank notes. The nation's central bank said Thursday its new $5 bill would feature an Indigenous design rather than an image of King Charles III.

The Canadian Food Inspection Agency has issued a recall for Falooda Drink with Almond Flavour because the product contains milk that is not listed on the label.

WASHINGTON (AP) — The Federal Reserve extended its fight against high inflation Wednesday by raising its key interest rate a quarter-point, its eighth hike since March .