National Business

CALGARY — Oil prices are rapidly heading toward US$100 a barrel, but analysts say the chances of crude smashing that threshold greatly depends on what happens next in Ukraine.

NEW YORK (AP) — The final scores are in, and NBC is no doubt happy to put the Beijing Winter Olympics in the rear-view mirror. The games reached an average combined audience of 11.

TORONTO — North American stock markets faded midweek with all three U.S. markets moving into correction territory while crude oil prices continued to rise on mounting tensions in Ukraine.

MONTREAL — With the Omicron variant in retreat, Canadians looking to get away for spring break now have a more robust range of travel insurance options.

Gildan Activewear Inc. raised its dividend nearly 10 per cent Wednesday as it laid out its plan to grow sales and earnings over the next three years.

VANCOUVER — The redevelopment plan for the Hudson's Bay building in downtown Vancouver will include a 12-storey office tower that keeps the century-old facade of the retail store. Hudson's Bay Co.

LAVAL, Que. — Bausch Health Companies Inc. reported a profit in its latest quarter compared with a loss a year earlier. The company, which keeps is books in U.S.

MONTREAL — Molson Coors Beverage Co. has raised it dividend amid higher sales and profits in its latest quarter as the company benefited from the reopening of venues and an increase in premium beverages sales.

TORONTO — The Ontario government is putting $250,000 toward the development of two battery production lines at a proposed new facility in the province's north. Electra Battery Materials Corporation says its future facility in Cobalt, Ont.

CALGARY — A new organization aims to spur Canadian development of sustainable aviation fuel, a technology advocates say is the airline industry's best shot at reducing its greenhouse gas emissions.