National Business

MILAN (AP) — The bodies of eight migrants have been recovered by Italy's coast guard during an operation overnight that also rescued 42 survivors in the central Mediterranean off the island of Lampedusa, Italian news agency ANSA reported Friday.

TORONTO — The Toronto Regional Real Estate Board says January home sales were down 44.6 per cent from the same month a year ago, falling in line with expectations as the number of sales and average selling price were similar to December 2022.

TORONTO — Deputy Prime Minister and Finance Minister Chrystia Freeland is hosting an in-person meeting today with the provincial and territorial finance ministers in Toronto.

WATERLOO, ONTARIO — OpenText Corp. reported revenues for the most recent quarter were up 2.4 per cent year over year, with cloud revenues rising 12 per cent. Net income for their second quarter ended Dec. 31 amounted to US$258.5 million, up 192.

VANCOUVER — Teck Resources Ltd. says it has completed the sale of its 21.3 per cent stake in the Fort Hills oilsands mine to Suncor Energy Inc. and TotalEnergies EP Canada Ltd.

HALIFAX — Nova Scotia's utility regulator has defied the provincial government and approved an average 14 per cent increase in electricity rates over two years. Premier Tim Houston said last November that his government opposed the increase of 6.

TORONTO — Some of the most active companies traded Thursday on the Toronto Stock Exchange: Toronto Stock Exchange (20,740.44, down 10.61): Hut 8 Mining Corp. (TSX:HUT). Financials. Up 32 cents, or 11.11 per cent, to $3.20 on 10.9 million shares.

TORONTO — Canada's main stock index shored itself up against losses in the energy sector for the second day in a row, while U.S. markets were mixed. The S&P/TSX composite index was down 10.61 points at 20,740.44.

NEW YORK (AP) — Wall Street closed higher, led by excitement around tech stocks and a surge for Facebook’s parent company, Meta Platforms. The S&P 500 rose 1.5% Thursday, a day after hitting its highest level since the summer.

MONTREAL — Dairy giant Saputo Inc. has announced sweeping changes to its U.S. operations, saying it will permanently close three facilities, build a new packaging facility and expand string cheese operations.