National Business

MONTREAL — CAE Inc. says its net profit attributable to shareholders soared last quarter as revenues increased even excluding ventilators sold to the Canadian government last year for people suffering from COVID-19.

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,729.34, down 190.06 points.) Arc Resources Ltd. (TSX:ATX). Energy. Down 51 cents, or 2.6 per cent, to $19.05 on 54.7 million shares.

TORONTO — Canada's main stock index snapped a seven-day winning streak to close a volatile month slightly lower a day before an expected Bank of Canada interest rate hike.

NEW YORK (AP) — Stocks ended lower after another wobbly day on Wall Street Tuesday, closing out a rocky month. The S&P 500 fell 0.6%, having recouped about half of its loss from earlier.

OTTAWA — Economists say the Bank of Canada is still on track for another oversized rate hike on Wednesday after the latest Statistics Canada data showed the pace of economic growth slowed in the first quarter.

TORONTO — Gold Fields Ltd. has signed a deal to buy Yamana Gold Inc. in an deal valued at US$6.7 billion. The companies say the deal will bring together two complementary gold portfolios. Under the agreement, Yamana shareholders will receive 0.

Bob Lai, a 39-year-old product manager and blogger in Vancouver, has an investment portfolio comprised of 51 dividend stocks and one ETF. Lai started investing in his early 20s when ETFs weren’t widely available or popular.

ST. JOHN'S, N.L. — Cenovus Energy will restart work on the West White Rose offshore oil project in Newfoundland, ending nearly two years of uncertainty in the local energy sector, the company announced Tuesday.

SILVER SPRING, Md. (AP) — U.S. consumer confidence edged lower for the second consecutive month as Americans' view of their present and future prospects dimmed in the midst of persistent inflation.

Alberta’s cannabis regulator sent a warning to pot retailers and suppliers after receiving complaints about agreements requiring marijuana producers to purchase sales data in exchange for shops carrying their products.