National Business

CALGARY — Suncor Energy Inc.'s share price jumped Wednesday as the company reported its fourth quarter oil output was its second-highest quarter ever.

TORONTO — Canada's main stock index lost more than 50 points Wednesday despite strength in energy stocks, while U.S. stock markets also fell. The S&P/TSX composite index closed down 53.56 points at 20,818.58.

TORONTO — Auto sales jumped 11.8 per cent in 2023 compared with the year before as vehicle supply continued to improve, according to DesRosiers Automotive Consultants. The report says it was the biggest year-over-year increase in sales since 1997.

The Real Estate Board of Greater Vancouversays December home sales rose compared with a year earlier as the region closed out 2023 with balanced market conditions despite high borrowing costs.

WASHINGTON (AP) — The Federal Reserve's policymakers concluded last month that inflationary pressures were easing and that the job market was cooling.

Disney has a new ally in activist investor ValueAct Capital Management, garnering its support for the company's board nominees as it continues to wage a proxy battle with Nelson Peltz. The Walt Disney Co.

WASHINGTON (AP) — America's employers posted 8.8 million job openings in November, down slightly from October and the fewest since March 2021. But demand for workers remains strong by historical standards despite higher interest rates.

VANCOUVER — Ballard Power Systems has signed a new long-term supply agreement with bus maker NFI Group Inc. The Vancouver-based fuel cell company says the deal marks a new phase in its partnership with NFI.

TORONTO — It’s poised to be another challenging year for office real estate investment trusts, but some money managers say there could be decent entry points in the sector for long-term investors.

MONTREAL — Air Canada notched the worst on-time performance among large airlines in North America in 2023, according to a new report, even as the carrier surged back to profitability.