National Business

As Canadians increasingly look to drink less or not at all, non-alcoholic beverage companies are working hard to meet the rising demand and are sometimes struggling to keep up.

TORONTO — CIBC says it has entered into an agreement to settle a lawsuit filed against it by private equity firm Cerberus Capital Management LP.

TORONTO — Some of the most active companies traded Friday on the Toronto Stock Exchange: Toronto Stock Exchange (20,515.24, down 91.18): Air Canada (TSX:AC). Industrials. Down $1.95, or 8.42 per cent, to $21.20 on 9.8 million shares.

TORONTO — Losses in the energy sector weighed Canada's main stock index down Friday, while U.S. markets were mixed, pulled lower by tech. The S&P/TSX composite index closed down 91.18 points at 20,515.24.

NEW YORK (AP) — Stocks ended mixed on Wall Street after paring losses from the morning. The S&P 500 still posted its first back-to-back weekly declines since the turn of the year. The index lost 0.3% Friday.

OTTAWA — High household savings in Canada and the U.S. may help both countries avoid a severe downturn as high interest rates ripple through the economy.

MONTREAL — Air Canada's comeback from pandemic shutdowns appears to be gaining momentum after the airline posted a profit in its latest quarter, offering hope the industry has turned a corner even as the country's largest airline posted a $1.

TORONTO — Indigo Books & Music Inc. has created a temporary website for its customers to browse for books and gifts after a cyberattack halted the company's online operations last week.

OTTAWA — Canada's annual inflation rate has been slowing since the summer, but economists are predicting that higher fuel prices in January may have hindered that trend.

NEW DELHI (AP) — India’s Finance Ministry accused the BBC of tax evasion on Friday, saying that it had not fully declared its income and profits from its operations in the country.