National Business

WASHINGTON (AP) — Consumer inflation in the United States cooled last month yet remained elevated in the latest sign that the pandemic-fueled price surge is only gradually and fitfully coming under control.

A national framework that allows smaller internet providers to offer services to customers by using rivals' fibre networks would give residents of remote regions more affordable options, the industry regulator heard on Tuesday.

Costco has decreased the prices of hundreds of items since the start of 2023, according to executive Pierre Riel. The chief operating officer of Costco Wholesale Corp.

TORONTO — Magna International Inc. says it may buy back up to 300,000 of its common shares under its normal course issuer bid over the coming year. The auto parts company says the bid will start on Thursday and will end no later than Feb. 14, 2025.

TORONTO — Restaurant Brands International Inc.

Canadians are continuing to be laid off as part of a wave of job cuts that began in 2023 as companies assessed their operations after the height of the COVID-19 pandemic passed.

KINGSEY FALLS, Que. — Cascades Inc. is closing three plants as part of changes to its containerboard operations that will affect 310 employees. The paper and packaging company says its corrugated medium mill in Trenton, Ont.

The world of investing can be intimidating to Canadians who have limited knowledge on the subject and don't know where to start.

TORONTO — Hydro One Ltd. reported $181 million in fourth-quarter net income attributable to common shareholders as its revenue edged higher compared with a year earlier.

ST. JOHN'S, N.L. — A Newfoundland folk musician says the company behind the “derogatory” use of a cherished Newfoundland and Labrador song in an advertisement that played during Sunday's Super Bowl broadcast should apologize to the province.