National Business

Cisco Systems is planning to lay off 7% of its employees, its second round of job cuts this year , as the company shifts its focus to more rapidly growing areas in technology, such as artificial intelligence and cybersecurity.

LANGLEY, B.C. — The British Columbia government is providing $2.65 billion for upgrades to Highway 1 through the Fraser Valley in an effort to relieve traffic congestion and ease daily commutes between the communities of Langley and Abbotsford.

VANCOUVER — Inequalities are baked into British Columbia's justice, health and child-welfare systems and rights issues in the province abound in schools, hospitals and workplaces, says the province's human rights commissioner.

RICHMOND, B.C. — The Transportation Safety Board says mistakes by both the operators of a cargo ship and a pleasure craft resulted in the smaller boat being overturned in Vancouver’s harbour.

M&M's maker Mars is buying Kellanova, the maker of Cheez-Its and Pop-Tarts, for nearly $30 billion in an effort to broaden its snacking portfolio and expand globally. Kellanova was created last year when the Kellogg Co. split into two companies.

TORONTO — Canada's main stock index rose Wednesday amid broad-based strength on Bay St., while U.S. stock markets coasted after the latest report on inflation. The S&P/TSX composite index closed up 141.83 points at 22,760.01.

CALGARY — WestJet says it will be issuing flight cancellations "for the foreseeable future" after planes were damaged by a Calgary hailstorm last week, upending travel plans for thousands of passengers.

NEW YORK (AP) — Wall Street ticked higher after the latest update on inflation came in almost exactly as economists expected. The S&P 500 rose 0.4% Wednesday, coming off one of its best days of the year. The Dow Jones Industrial Average added 0.

The co-CEO of Cargojet Inc. says rising e-commerce demand will fuel major business gains in the second half of the year after boosting revenues last quarter.

MONTREAL — Demand for CAE Inc.'s pilot training services dropped last quarter in step with a decrease in new hires at major airlines and — counterintuitively — lower travel demand brought on by the Paris Olympics.