National Business

CALGARY — The CEO of Canadian Pacific Railway Ltd. says a rival bid for Kansas City Southern by Canadian National Railway Co. carries a bigger price tag but can't win U.S. regulatory approval because of its negative affects on competition.

TORONTO — Some of the most active companies traded Wednesday on the Toronto Stock Exchange: Toronto Stock Exchange (19,143.25, up 102.47 points.) Zenabis Global Inc. (TSX:ZENA). Health care. Up one cent, or 10.53 per cent, to 10.

TORONTO — The federal budget's new digital services tax on large corporations is a step forward as the government works toward a multilateral agreement it hopes to reach with other countries, Finance Minister Chrystia Freeland said Wednesday.

TORONTO — The loonie had its best performance in about five weeks after the Bank of Canada was the first global central bank to take action because of a stronger economic rebound. The Canadian dollar reached a high of 80.

CALGARY — The Alberta Energy Regulator says troubled oil and gas producer SanLing Energy Ltd. has warned it will cease operations as of April 30.

ST. JOHN'S, N.L. — Newfoundland and Labrador is proposing new rules that would end the big bonuses regularly paid to executives at provincial corporation Nalcor Energy.

MONTREAL — Cirque du Soleil Entertainment Group says it is resuming shows after being closed for more than a year due to the pandemic. The company says "O" at the Bellagio and Mystere at Treasure Island will reopen this summer in Las Vegas.

TORONTO — The chief executive of Rogers Communications Inc. said Wednesday that he and his team are "deeply disappointed" by the widespread outage that affected many of its wireless customers this week.

Metro Inc. is pressing ahead with technology upgrades despite the pandemic, with the food retailer planning to roll out more self-checkout machines, electronic shelf-labels and new automated distribution centres in the coming months.

LOUISVILLE, Ky. — The process of making fine whiskey involves aging spirits to a golden brown, but a bourbon producing giant is going green along the way.