National Business

VANCOUVER — Western Forest Products Inc. says it will temporarily reduce its lumber production levels for the rest of the year. The Vancouver-based forest products company says the reduction will amount to about 200 million fewer board feet.

BERLIN (AP) — German energy company Uniper said Wednesday it's suing Gazprom for damages over natural gas that hasn't been delivered since June, when the Russian supplier started reducing amounts to Germany.

MONTREAL — Desjardins Group has signed a deal to buy Guardian Capital Group Ltd.'s life insurance, mutual fund and investment distribution networks for $750 million.

CALGARY — Enbridge Inc. is raising its quarterly dividend to shareholders. The pipeline company says it will now pay a quarterly dividend of 88.75 cents per share, up from 86 cents per share. Based on Enbridge's closing share price of $55.

CALGARY — Canadian Natural Resources Ltd. says it expects to spend $5.2 billion on its capital budget next year as it looks to grow production. The company says the plan includes about $4.2 billion in base capital spending and $1.

WASHINGTON (AP) — Despite high interest rates and chronic inflation, the U.S. economy grew at a 2.9% annual rate from July through September, the government said Wednesday in a healthy upgrade from its initial estimate. Last quarter's rise in the U.

BRUSSELS (AP) — The European Union’s executive branch recommended Wednesday that billions of euros of EU funds allocated to Hungary remain frozen over its failure to implement solid rule-of-law reforms, a move highlighting the growing rift between th

FRANKFURT, Germany (AP) — Inflation in Europe has eased for the first time in more than a year as energy prices drifted down from painful highs , but the double-digit rate still hovers near a record that has robbed consumers of their spending power a

MONTROSE, Pa.

CALGARY — Enbridge Inc. says it has completed a previously announced transaction giving it a 30 per cent ownership stake in the Woodfibre liquefied natural gas (LNG) project. Enbridge announced in July a partnership with Pacific Energy Corp.