National Business

TORONTO — Environment Canada says two massive summer storms helped catapult Toronto's Pearson International Airport to its wettest year on record.

TORONTO — Canada's main stock index rose Friday, led by strength in technology and telecom stocks, while U.S. markets rallied, led by major tech names as the Nasdaq gained 1.8 per cent. The S&P/TSX composite index closed up 175.

NEW YORK (AP) — Wall Street rallied out of its holiday-season funk. The S&P 500 climbed 1.3% Friday, its best day in nearly two months and its first gain since Christmas. The Dow Jones Industrial Average rose 0.

MONTREAL — Lion Electric announced Friday it's temporarily laying off around 150 workers in Canada and the U.S., in the context of its ongoing proceedings under the Companies' Creditors Arrangement Act (CCAA).

Greater Vancouver home sales rose 31.2 per cent on a year-over-year basis in December, capping a "pivot year" for the market that saw the number of homes changing hands in the region tick higher.

The Biden administration released long-awaited final rules Friday for a tax credit that will send billions of dollars to producers of cleaner hydrogen.

TORONTO — The Canada Pension Plan Investment Board says it is selling its stake in a logistics investment partnership it established with Australia's Goodman Group. CPP Investments says it will realize about US$2.

Whether it's for a celebration, a gathering or an evening to unwind, Canadians increasingly favour non-alcoholic options over beer, wine and spirits.

WASHINGTON (AP) — President Joe Biden has rejected the nearly $15 billion proposed deal for Nippon Steel of Japan to purchase Pittsburgh-based U.S. Steel — affirming his vow in March to block the acquisition. “We need major U.S.

CHARLOTTETOWN — Anna Keenan likes to keep up with public transit trends. The City of Charlottetown's sustainable transportation officer said she learned on Instagram of a new way students are travelling to school: a bike bus.