National Business

EDMONTON — CWB Financial Group reported its first-quarter profit rose compared with a year ago and beat expectations. The Edmonton-based bank says the profit attributable to common shareholders amounted to $87.

TORONTO — Hudson's Bay is closing one of its two stores in downtown Toronto after 48 years. The department store retailer says its Bloor Street location will close May 31, joining stores in Edmonton, Winnipeg and Dorval, Que.

VANCOUVER — Canfor Corp. has signed a letter of intent to sell its forest tenure in the Mackenzie region of British Columbia to two First Nations.

BRUSSELS (AP) — World leaders Thursday condemned Russia's invasion of Ukraine as “barbaric” and quickly slapped heavy sanctions on the Russian economy, President Vladimir Putin's inner circle and many of the country's oligarchs.

CALGARY — Baytex Energy Corp. says it earned $563 million and continued to pay down debt in the fourth quarter of 2021 against the backdrop of surging oil and gas prices.

NEW YORK (AP) — Markets swung wildly Thursday as the world reacted to Russia’s invasion of Ukraine . Stocks in Europe fell sharply, while stocks in the U.S.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (20,761.93, up 17.76 points.) Manulife Financial Corp. (TSX:MFC). Financials. Down 56 cents, or 2.2 per cent, to $25.44 on 23.

TORONTO — North American stock markets ended multi-day losing streaks Thursday by bouncing back from steep morning losses prompted by Russian military action in Ukraine, while gold and crude oil prices softened from early highs.

CALGARY — TransAlta Corp. is reaping the benefits of higher power prices in Alberta.

MONTREAL — The head of Bombardier Inc. said it will steer clear of business with sanctioned Russian individuals, companies and institutions, as Moscow launched an invasion of Ukraine Thursday.