National Business

TORONTO — Royal Bank of Canada is taking measures to boost its capital on hand after announcing a $13.5 billion deal on Tuesday to buy HSBC Bank Canada amid heightened market uncertainty.

OTTAWA — New census data shows commuting levels dropped significantly in 2021 compared to 2016, and while some of that decline has rebounded, transit ridership hasn't fully recovered. According to Statistics Canada, there were 2.

CALGARY — Alberta's proposed sovereignty act threatens to scare off investors and talent and derail the province's plans for economic growth, a prominent business group warned Wednesday.

WASHINGTON (AP) — The U.S.

VALCOURT, Que. — BRP Inc. reported its third-quarter profit and revenue rose compared with a year ago and raised guidance for its full year.

SMITHS FALLS, Ont. — Canopy Growth Corp. says it will be breaking out its Canadian cannabis operations into a stand-alone business unit and laying off 55 staff. Brenna Eller, the Smiths Falls, Ont.

VANCOUVER — Western Forest Products Inc. says it will temporarily reduce its lumber production levels for the rest of the year. The Vancouver-based forest products company says the reduction will amount to about 200 million fewer board feet.

BERLIN (AP) — German energy company Uniper said Wednesday it's suing Gazprom for damages over natural gas that hasn't been delivered since June, when the Russian supplier started reducing amounts to Germany.

MONTREAL — Desjardins Group has signed a deal to buy Guardian Capital Group Ltd.'s life insurance, mutual fund and investment distribution networks for $750 million.

CALGARY — Enbridge Inc. is raising its quarterly dividend to shareholders. The pipeline company says it will now pay a quarterly dividend of 88.75 cents per share, up from 86 cents per share. Based on Enbridge's closing share price of $55.