National Business

CALGARY — TransAlta Corp. says it will acquire a 50 per cent interest in an early-stage pumped hydro energy storage development project in southwest Alberta.

The companies involved in Rogers Communications Inc.'s $26-billion deal to buy telecommunications rival Shaw Communications Inc. have extended their deadline to complete the transaction. Rogers, Shaw, the Shaw Family Living Trust and Quebecor Inc.

Here's a look at some key moments leading up to this point: March 15, 2021: Rogers announces an agreement to buy Shaw in a deal valued at $26 billion. Rogers says it will purchase all outstanding Class A and B shares of Shaw for $40.

TORONTO — As a growing number of tech companies carry out successive rounds of layoffs, Shopify Inc.'s president says there are no more cuts in the works for the Ottawa-based e-commerce company.

Several employees at a Tesla factory in New York have been fired a day after launching union organizing efforts, according to Tesla Workers United, but the company says they're not related.

EDMONTON — Bank of Canada deputy governor Paul Beaudry says returning inflation to the central bank's two per cent target is critical because high and volatile inflation makes the economy inefficient and businesses less competitive.

MONTREAL — A prominent businessman and lawyer who believes the Montreal Gazette needs local ownership has offered to take a stake in the newspaper, but he said Thursday he hasn't heard back from its owner.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (20,606.42, down 113.97): Manulife Financial Corp. (TSX:MFC). Financials. Up 99 cents, or 3.79 per cent, to $27.12 on 26.

DETROIT (AP) — Tesla is recalling nearly 363,000 vehicles in the U.S.

TORONTO — Canada's main stock index lost just over half a per cent Thursday amid weakness in energy and technology, while U.S. markets fell further. The S&P/TSX composite index was down 113.97 points at 20,606.42.