National Business

NEW YORK — A choppy day of trading on Wall Street ended with stocks broadly lower Friday, after a new report showed that inflation is slowing less than hoped just days before Federal Reserve officials are expected to raise interest rates again.

MONTREAL — Turquoise Hill Resources Ltd. shareholders have given their support to a $4.24 billion takeover offer by Rio Tinto Group. The Montreal-based mining company says 60.

MONTREAL — Canadians and small businesses sending parcels this holiday season may be surprised to see a steep surcharge on domestic shipping due to the high price of diesel. One small business owner from Surrey, B.C.

MONTREAL — Lower expenses and higher revenue helped boost Laurentian Bank of Canada's profits to $55.7 million for the fourth quarter. The Montreal-based bank said Friday the earnings worked out to $1.26 per share for the quarter ending Oct.

TORONTO — CIBC says it is implementing a discount for shareholders who sign up for a dividend reinvestment plan.

A new survey suggests the rising cost of living has forced more than half of Canadians to cut costs in myriad ways including by choosing cheaper, less healthy foods and skipping medications.

TORONTO — A new report recommends Canada's corporate boards should have at least 40 per cent women and 30 per cent members of underrepresented racial groups or identifying as Indigenous or with disabilities.

WASHINGTON (AP) — Wholesale prices in the United States rose 7.4% in November from a year earlier, a fifth straight slowdown and a hopeful sign that inflation pressures across the economy are continuing to cool.

TORONTO — Roots Corp. says it earned about $2.2 million in its latest quarter as sales dropped by 8.5 per cent since the same time last year. The Toronto clothing retailer says its net income for the third quarter fell from $10.8 million a year ago.

CALGARY — Crescent Point Energy Corp. says it has signed an agreement with Paramount Resources Ltd. to acquire additional Kaybob Duvernay assets for $375 million.