National Business

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.

Cassie Tatone borrowed a sewing machine from her mother-in-law in the spring of 2020 after the COVID-19 pandemic robbed her of her job and shut down most businesses and activities.

VANCOUVER — Proxy advisory firm Egan-Jones is recommending shareholders of Ritchie Bros. Auctioneers Inc. support the company's deal to buy U.S. automotive salvage company IAA Inc.