National Business

MONTREAL — Air Canada's share price hit a one-year low on Wednesday as the airline navigates higher fuel costs, competition and interest rates. The company's stock slipped 3.49 per cent to close at $17.13, marking its lowest price since Oct.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,450.70, down 242.10 points): TC Energy Corp. (TSX:TRP). Energy. Down 48 cents, or 1.00 per cent, to $47.41 on 8.8 million shares.

NEW YORK (AP) — Wall Street dropped after big U.S. companies delivered a mixed set of profit reports and rising Treasury yields tightened the vise further on the stock market. Worries about war in the Middle East also dragged on the market Wednesday.

TORONTO — Scotiabank said Wednesday that it is cutting about three per cent of its global workforce, becoming the latest Canadian bank to trim staff amid continued economic uncertainty.

TORONTO — Loyalty program operator Air Miles has announced a partnership for hotels and vacation rentals with Expedia Group Inc. as part of its of newly launched travel booking platform. The U.S.

LONDON (AP) — Elon Musk's social media platform X has begun charging a $1 fee to new users in the Philippines and New Zealand, in a test designed to cut down on the spam and fake accounts flourishing on the site formerly known as Twitter.

CALGARY — A report by insolvency firm MNP Ltd. says its consumer debt index improved slightly in its latest quarter as Canadians felt marginally better about their ability to pay their debts.

TORONTO — The former governor of the Bank of Canada and several top Bay Street names are among the three finalists for the National Business Book Award 2023.

A wave of layoffs last year, which left thousands of Canadian workers jobless, is continuing this year as recession predictions loom and the tech sector downturn deepens.

Shares of United Airlines tumbled more than 7% on Wednesday morning and took the rest of the industry down with them after the carrier gave a gloomy outlook for fourth-quarter profit, which will be reduced by rising jet fuel prices.