National Business

Alberta's energy regulator has accepted initial applications and is to open public hearings for a controversial open-pit coal mine on the eastern slopes of the province's southern Rocky Mountains that has already been turned down twice.

TORONTO — Canada's main stock index gained almost 100 points Friday, while U.S. markets mostly held on to their gains after soaring the day before.

NEW YORK (AP) — Stocks clung to modest gains on Wall Street, enough to edge the S&P 500 index to another record high and its sixth winning week in the last seven.

CALGARY — The company behind the proposed Cedar LNG facility said this week itwill defer making a final investment decision on the project until mid-2024. Pembina Pipeline Corp.

Many passengers booked to fly on Lynx Air have been left scrambling after the discount air carrier announced it was ceasing operations on Feb. 26.

TORONTO — Canada's first Indigenous-owned investment dealer could soon be a reality as Scotiabank is partnering with two Indigenous development corporations and a First Nation to launch one. Cedar Leaf Capital Inc.

OTTAWA — The federal government posted a budgetary deficit of $23.6 billion for the first nine months of its 2023-24 fiscal year. The result compared with a deficit of $5.5 billion for the same stretch of its 2022-23 fiscal year.

HALIFAX — Chorus Aviation Inc. reported its fourth-quarter profit fell 20 per cent compared with a year ago as its revenue also edged lower. The company says it earned net income of $36.6 million for the quarter ended Dec. 31, down from $45.

BERLIN (AP) — German lawmakers on Friday approved a government plan to liberalize rules on cannabis, paving the way for the country to decriminalize limited amounts of marijuana and allow members of “cannabis clubs” to buy it for recreational purpose

CALGARY — TransAlta Corp. reported a loss attributable to common shareholders of $84 million compared with a loss of $163 million a year earlier. The power utility says the loss amounted to 27 cents per diluted share for the quarter ended Dec.