National Business

Lyft shares jumped 62% after the closing bell Tuesday thanks in part to a typo in the ride-hailing company’s earnings release that appears to have sent investors’ auto-trading algorithms — or “bots” — into a buying frenzy.

TORONTO — Power Corp. of Canada has hired veteran Scotiabank executive Jake Lawrence as its next chief financial officer.

NEW YORK (AP) — Stocks are clawing back some of their sharp losses from the day before, as conditions calm a bit on Wall Street. The S&P 500 was 0.6 % higher in early trading Wednesday. It had tumbled 1.

VANCOUVER — Boston Pizza Royalties Income Fund raised its monthly payment to unitholders as it reported a fourth-quarter profit of $5.2 million. The fund says it will now pay a monthly distribution of 11.3 cents per unit, up from 10.7 cents per unit.

ISTANBUL (AP) — A huge landslide hit a gold mine in eastern Turkey on Tuesday, trapping at least nine workers underground, officials said. The landslide at the Copler mine happened at 2:30 p.m.

A flurry of holiday sales saw Shopify Inc. end 2023 with strong revenue growth and profits even as consumers continued to grapple with inflation.

VANCOUVER — The BC Real Estate Association says there was a nearly 30 per cent increase in home sales last month compared with January 2023, while prices were also up.

A Federal Court ruling Tuesday has thrown out a decision from federal Environmental Minister Steven Guilbeault denying a permit for an open-pit coal mine in the Alberta Rockies.

OTTAWA — Members of Parliament have invited several top executives from BCE Inc. and Bell Canada to testify later this month about the company's decision to cut about nine per cent of its workforce this year.

TORONTO — Intact Financial Corp. says it earned $531 million in the fourth quarter of 2023, a 50 per cent increase from earnings of $353 million during the same quarter a year earlier. The Toronto-based company says earnings of $1.