National Business

TORONTO — A report by RBC Economics says inflation and rising borrowing costs will affect all Canadian households, but low income Canadians will feel the sharpest sting.

MONTREAL — CGI Inc. reported a profit of $372 million in its latest quarter, up from $341.2 million a year earlier, as its revenue grew six per cent. The business technology and consulting firm says the profit amounted to $1.

WARSAW, Poland (AP) — Polish and Bulgarian officials said Tuesday that Moscow is cutting off natural gas deliveries to their countries due to their refusal to pay in Russian rubles , a demand made by President Vladimir Putin after sanctions were levi

MONTREAL — Canadian National Railway Co. on Tuesday lowered its earnings forecast for the year after profits sagged in its first quarter.

MONTREAL — Aldo Group Inc. says its North American creditors have voted in favour of its restructuring plan and settlement, almost two years after the footwear company filed for creditor protection.

WASHINGTON (AP) — The Senate on Tuesday confirmed the nomination of Lael Brainard to a four-year term as vice chair of the Federal Reserve, elevating her to the Fed's No.

TORONTO — Some of the most active companies traded Tuesday on the Toronto Stock Exchange: Toronto Stock Exchange (20,690.81, down 321.08 points.) Enbridge Inc. (TSX:ENB). Energy. Down 10 cents, or 0.2 per cent, to $56.08 on 9.3 million shares.

NEW YORK (AP) — As the comedy “black-ish” ended its run after eight seasons with a relatively modest live audience of 2.52 million viewers, ABC is already pivoting to what it hopes is its next defining sitcom.

Canopy Growth Corp. says it will lay off more than 200 workers as part of a new cost reduction strategy that will make cannabis cultivation more affordable and uncover supply chain efficiencies, though it didn't offer a target date for profitability.

MONTREAL — Air Canada is poised to raise fares as it looks to offset the hit from higher fuel costs, sagging business travel and soaring inflation.