National Business

CALGARY — TransAlta Corp. reported a loss of $163 million in its latest quarter compared with a loss of $78 million in the same quarter a year earlier as its revenue rose 40 per cent.

WASHINGTON (AP) — The U.S. economy expanded at a 2.7% annual rate from October through December, a solid showing despite rising interest rates and elevated inflation, the government said Thursday in a downgrade from its initial estimate .

The number of Americans filing for jobless aid fell last week as the labor market remains resilient in the face of the Federal Reserve's interest rate increases meant to cool the economy. Applications for unemployment benefits in the U.S.

TORONTO — First Quantum Minerals Ltd. has suspended ore processing operations at its Cobre Panama mine. The stoppage is the latest escalation in its dispute with the Panamanian government over tax and royalty payments.

TORONTO — A new poll by RBC has found that Canadians aged 18 to 34 are much less confident today about their financial futures than they were a year ago.

Bombardier retained its position as the world's biggest business jet manufacturer in 2022, increasing its sales even as worries persisted around a possible economic slump.

WASHINGTON (AP) — Nearly all Federal Reserve policymakers agreed earlier this month to slow the pace of their rate increases to a quarter-point, with only “a few” supporting a larger half-point hike. The minutes from the Fed’s Jan. 31-Feb.

MONTREAL — Airlines are warning that travel to and from Central Canada may be affected by a winter storm sweeping in from the west.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,193.33, down 59.31): Suncor Energy Inc. (TSX:SU). Energy. Down $1.09, or 2.40 per cent, to $44.35 on 28.2 million shares.

TORONTO — Canada's main stock index edged lower Wednesday following Tuesday's slide, while U.S. markets were mixed, as the Federal Reserve minutes from the latest interest rate decision in the U.S.