National Business

MONTREAL — Transcontinental Inc. says its net profit attributable to shareholders dropped by one-third in its latest quarter despite higher revenues as a COVID-19 variant disrupted operations.

MONTREAL — After a gruelling two years, Air Transat and Porter Airlines have signed a code-sharing agreement they hope will draw customers to a wider range of connecting flights in Canada and abroad.

OTTAWA — Canada posted a merchandise trade surplus in January compared with a deficit in December as imports fell to start the year. Statistics Canada said Tuesday the country saw a merchandise trade surplus of $2.

The Russian invasion of Ukraine is driving up global wheat prices as the conflict curbs exports of the crop, triggering shortages and setting the stage for worsening food inflation in Canada.

The average price for a gallon of gasoline in the U.S. hit a record $4.17 Tuesday as the country prepares to ban Russian oil imports.

TORONTO — Ten years into her banking career, Karlyn Percil-Mercieca realized she had taken on extra responsibilities over the years and decided to push for more, when a promotion came up. "All of a sudden, I wasn't qualified anymore.

TOKYO (AP) — Shares fell in Asia on Tuesday after Wall Street logged its biggest drop in more than a year as markets were jolted by another surge in oil prices.

ST. PAUL, Minn. (AP) — Teachers in the Minneapolis School District said they would go on strike Tuesday after failing to reach agreement on a new contract, a move that will idle some 29,000 students in one of Minnesota's largest school districts.

WASHINGTON (AP) — President Joe Biden is expected to sign an executive order on cryptocurrency this week that will mark the first step toward regulating how digital currency is traded.

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (21,304.40, down 98.03 points.) Suncor Energy Inc. (TSX:SU). Energy. Up $2.04, or 5.1 per cent, to $42.10 on 25.4 million shares.