National Business

TORONTO — Canadians took out fewer new mortgages even before interest rates began to rise last week, but consumer debt continued to increase in the fourth quarter, Equifax said in a report. The company said Monday the number of new mortgages fell 8.

ZAHONY, Hungary (AP) — The violin was so beloved by Myroslava Sherbina it was the one item she took as she fled Ukraine, along with the clothes she wore. But the instrument has remained silent since the start of Russia's invasion of her country.

MISSISSAUGA, Ont. — Cargojet Inc. swung to a $102-million profit in the fourth quarter as revenue surged 26.1 per cent on increased demand for its domestic, charter and other aircraft services. The Mississauga, Ont.

MONTREAL — Air Transat says it is relaunching a significant number of its routes for the busy summer travel season including destinations in Europe and the United States.

TORONTO — Allied Properties Real Estate Investment Trust says it has purchased six buildings from Choice Properties Real Estate Investment Trust for $794 million.

CALGARY — Vermilion Energy Inc. reported a fourth-quarter profit of $344.6 million compared with a loss of $57.7 million a year earlier, helped by higher oil and natural gas prices.

TORONTO — Five things to watch for in the Canadian business world in the coming week: Trade report International merchandise trade numbers for January are expected from Statistics Canada on Tuesday.

OSHAWA, Ont. — The hulking grey shell of GM’s Oshawa assembly plant looks just like it did when the company shut down production on a frigid December day in 2019, but much of what’s inside is strikingly new.

NEW YORK (AP) — Mastercard and Visa are suspending their operations in Russia, the companies said Saturday, in the latest blow to the country's financial system after its invasion of Ukraine .

ST. JOHN'S, N.L. — Newfoundland and Labrador will have to wait another 40 days for a federal decision on the fate of a proposed offshore oil project led by Norwegian oil giant Equinor.