National Business

WASHINGTON (AP) — Wholesale costs in the United States picked up sharply last month, signaling that price pressures are still evident in the economy even though inflation has tumbled from the peak levels it hit more than two years ago.

TORONTO — Gold miner Agnico Eagle Mines Ltd. has signed an agreement to buy O3 Mining Inc. in a friendly deal valued at about $204 million.

Air Canada plans to offer free Wi-Fi to Aeroplan members aboard its flights starting next year, building on a partnership with telecom giant Bell that already gives passengers free text messaging capabilities.

TORONTO — The Body Shop Canada is due to be sold to a company led by the co-founder of frozen yogurt chain Yogen Früz. The cosmetics and skincare retailer says in court filings that an agreement it signed on Dec.

IRVING, Texas (AP) — Basketball Hall of Famers Vince Carter and Tracy McGrady are among 10 limited partners who have joined the Buffalo Bills’ ownership group.

The Superior Court of Quebec has approved a $2.5-million settlement in a class action targeting Dollarama Inc.'s use of eco fees.

TORONTO — Canada's main stock index gained more than 150 points Wednesday after the Bank of Canada cut interest rates, while U.S. stock markets were mixed, led by a 1.8 per cent gain on the Nasdaq after the latest inflation report.

TORONTO — Canadian financial institutions are lowering their prime lending rates to match the half percentage point decrease announced today by the Bank of Canada.

NEW YORK (AP) — Wall Street got back to climbing after the latest update on inflation appeared to clear the way for more help for the economy from the Federal Reserve. The S&P 500 gained 0.

WINNIPEG — Winnipeg is eyeing the largest property tax increase in decades and considering a cut to snow plowing in an attempt to address a fiscal squeeze. The city's preliminary budget for next year proposes a 5.