National Business

National Bank of Canada topped expectations as it reported its first-quarter profit rose more than 20 per cent compared with a year ago, boosted by growth across its business.

TORONTO — Several Canadian banks have posted blockbuster profit growth this winter — despite the ongoing COVID-19 pandemic — but are facing questions about how long the streak will endure.

Travel booking company FlightHub Group Inc. reached a $5-million settlement with the Competition Bureau of Canada after an investigation into the company's marketing practices.

CALGARY — Federal government-owned Trans Mountain is asking the Canada Energy Regulator to keep secret the identities of the companies that provide insurance coverage for its pipeline system because of fears environmental activists will target them.

TORONTO — Canada's main stock index had its best day in more than two weeks Wednesday as the energy sector rose and financials was propelled by better-than-expected results from Royal Bank and National Bank.

TORONTO — One of Canada's biggest shopping centre operators is teaming up with ReturnBear, a service that allows shoppers to return items from multiple retailers. Cadillac Fairview Corp. Ltd.

VICTORIA — Camping enthusiasts in British Columbia will be able to book summer campsites in parks across the province starting March 8.

Purolator Inc. is building up capacity at its more remote distribution centers in response to rising demand from consumers who have fled the city in search of more space amid the pandemic.

WASHINGTON — Federal Reserve Chairman Jerome Powell told Congress on Wednesday that the central bank will not start raising interest rates until it believes its goals on maximum employment and inflation have been reached.

CALGARY — The CEO of Crescent Point Energy Corp. says the company is poised to benefit from rising oil prices after two years of transformation through selling assets, cutting debt and reducing costs.