National Business

TORONTO — Echelon Wealth Partners Inc. and PI Financial Corp. say they are merging to create an investment advisory, wealth management and capital markets firm with more than $12 billion in client assets.

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,275.54, down 239.26): Suncor Energy Inc. (TSX:SU). Energy. Down 77 cents, or 1.61 per cent, to $47.06 on 15.7 million shares.

TORONTO — Canada's main stock index fell more than one per cent Tuesday with losses in energy, metals and financials leading the way down, while U.S. markets fell further. The S&P/TSX composite index was down 239.26 points at 20,275.54.

Canadian pet food and supplies retailer Pet Valu Holdings Ltd. offered an ambitious outlook for 2023 on Tuesday, saying it expects to grow revenue, increase sales and expand its share of the lucrative pet industry market this year.

The Biden administration sued to block JetBlue Airways' $3.8 billion purchase of Spirit Airlines, saying Tuesday that the deal would reduce competition and drive up air fares for consumers.

Canada's bank regulator has issued a framework to guide banks and insurance companies in protecting themselves against climate-related risks.

VANCOUVER — British Columbia is dedicating $200 million toward boosting both the province's food bank system and overall agricultural production and resiliency.

WASHINGTON (AP) — The Federal Reserve could increase the size of its interest rate hikes and raise borrowing costs to higher levels than previously projected if evidence continues to point to a robust economy and persistently high inflation, Chair Je

TORONTO — Shares in BlackBerry Ltd. were down more than 10 per cent in early trading after the company lowered its fourth-quarter and full-year revenue expectations for its cybersecurity business.

TORONTO — Television and radio company Corus Entertainment Inc. is cutting its quarterly dividend. Corus executive chair Heather Shaw says the money that would have gone to dividends is expected to be directed to debt repayment.