National Business

NEW YORK (AP) — Stocks are edging higher and Treasury yields are jumping on Friday after a blowout U.S. jobs report raised Wall Street’s expectations that the Federal Reserve may soon start raising interest rates sharply. The S&P 500 was 0.

MONTREAL — Quebec is maintaining a 25 per cent stake in the old C Series commercial jet program and at least 2,500 full-time jobs in the province by investing US$300 million more in the Airbus A220 aircraft.

MONTREAL — Home sales in Greater Montreal sank in January to a level the market hasn't seen since 2018 as listings dropped and prices soared.

OTTAWA — A quick look at Canada's January employment (numbers from the previous month in brackets): Unemployment rate: 6.5 per cent (6.0) Employment rate: 60.8 per cent (61.5) Participation rate: 65.0 per cent (65.

OTTAWA — Canada's national unemployment rate was 6.5 per cent in January. Here are the jobless rates last month by province (numbers from the previous month in brackets): _ Newfoundland and Labrador 12.8 per cent (11.9) _ Prince Edward Island 9.

OTTAWA — The national unemployment rate rose to 6.5 per cent in January. Statistics Canada also released seasonally adjusted, three-month moving average unemployment rates for major cities.

EDMONTON — Premier Jason Kenney says his government will announce next week a date to end Alberta's COVID-19 vaccine passport, with the actual cancellation coming soon after that.

BANGKOK (AP) — Asian shares were mostly higher Friday after a historic plunge in the stock price of Facebook’s parent company helped yank other tech stocks lower on Wall Street. Hong Kong jumped 2.6% after reopening from Lunar New Year holidays.

BURNABY, B.C. — Interfor Corp. is reporting a near tripling in profits last year despite a weaker fourth quarter in which net earnings were cut by more than half. The Burnaby, B.C., lumber producer says it earned $819 million or $12.

NEW YORK — Amazon's profits in the fourth quarter nearly doubled, beating analysts' expectations, even as the online behemoth continues to contend with surging costs tied to a snarled supply chain and labour shortages.