National Business

MONTREAL — The head of Bombardier Inc. said it will steer clear of business with sanctioned Russian individuals, companies and institutions, as Moscow launched an invasion of Ukraine Thursday.

CHARLOTTETOWN — Prince Edward Island's Progressive Conservative government tabled a budget Thursday with $2.7 billion in spending and a forecast deficit of about $92 million for the 2022-23 fiscal year.

TORONTO — Canadians can expect to pay more at the pump as Russia's attack on Ukraine puts even greater pressure on an already surging oil price environment. Roger McKnight, chief petroleum analyst at En-Pro International Inc.

Canadian consumers are increasingly shopping at discount grocery chains, buying store-branded food and choosing less pricey pork or chicken rather than beef in an effort to save money amid soaring inflation, Loblaw Companies Ltd. said Thursday.

MONTREAL — The Caisse de dépôt et placement du Québec posted a 13.5 per cent return last year, its best performance since 2010, with its real estate portfolio showing signs of recovery despite COVID-19 closures.

Teck Resources Ltd. says it remains committed to rebalancing its portfolio toward less carbon-intensive resources even though soaring prices for steelmaking coal helped push the miner to a record fourth-quarter profit.

MONTREAL — Quebecor Inc. raised its quarterly dividend nine per cent after reporting steady results in the fourth quarter with net income attributable to shareholders rising slightly to $160.5 million.

OTTAWA — The secure perimeter around downtown Ottawa, guarded by police checkpoints, will remain through the weekend as the local force tries to maintain peace and order in Canada's capital city without the extra powers they were granted through the

MONTREAL — Family time on sun-kissed beaches may feel farther away than ever — and not due to COVID-19. As worries around inflation, home prices and savings rise, Canadians are losing confidence they’ll have enough cash to retire as planned.

TORONTO — The head of RBC says market volatility caused by geopolitical risks shouldn't be enough to throw off rate increases and the underlying strength of the economy.