National Business

MARKHAM, Ont. — Pet Valu Holdings Ltd. raised its quarterly dividend by 10 per cent as it reported its fourth-quarter profit and sales rose compared with a year ago.

Critical to building a credit history, credit cards are a rite of passage into financial adulthood. Even if you’re debt-phobic or have heard too many horror stories of people maxing out their cards, you can’t skip this step.

TORONTO — Visa has named Michiel Wielhouwer as the new president and country manager for Visa Canada. He will succeed Stacey Madge, who has been in the job for the past seven years. Wielhouwer is a veteran Visa executive with 22 years of experience.

BEIJING (AP) — China's official growth target for this year is around 5%, Premier Li Qiang said Tuesday in an annual report on the government's plans and performance that prioritized both security and the economy.

JetBlue Airways and Spirit Airlines are ending their proposed $3.8 billion merger weeks after a federal judge blocked the deal, saying it would hurt consumers who depend on Spirit's lower fares.

CALGARY — Enbridge Inc. says the federal energy regulator has approved the tolling deal for its Mainline pipeline system. It's the latest milestone after the Calgary-based company reached an agreement with shippers in May of last year.

A Federal Court decision has nixed Ottawa's approval of a massive rail-and-truck hub in the Greater Toronto Area. The ruling states that the federal government failed to grapple with whether Canadian National Railway Co.

TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange: Toronto Stock Exchange (21,531.07, down 21.28 points): Suncor Energy Inc. (TSX:SU). Energy. Down 90 cents, or 1.90 per cent, to $46.50 on 18.2 million shares.

Rising costs in the trucking sector have overtaken the driver shortage as the biggest concern for employers, according to a new report from an industry non-profit.

TORONTO — Canada's main stock index ticked lower on Monday, weighed down by weakness in energy stocks, while U.S. markets also eased from the highs they hit last week. The S&P/TSX composite index closed down 21.28 points at 21,531.07.