National Business

WINNIPEG — Great-West Lifeco Inc. has signed a deal to sell U.S.-based asset manager Putnam Investments to Franklin Resources Inc. and agreed to a strategic partnership.

MONTREAL — CAE Inc. reported its fourth-quarter profit rose compared with a year ago as its revenue climbed more than 30 per cent. The flight simulator company says it earned net income attributable to equity holders of $98.

MONTREAL — National Bank of Canada raised its quarterly dividend and reported its second-quarter profit fell compared with a year ago as it faced higher non-interest expenses and increased provisions for bad loans.

TORONTO — On the heels of the sale of Freedom Mobile, labour union Teamsters Canada said retail and call centre employees at the telecom company are interested in unionization. As a condition of the merger between Rogers Communications Inc.

TORONTO — Canada's venture capitalists settled into a new normal marked by fewer and more cautious investments last year — and a new report suggests the pattern will continue.

BEIJING (AP) — China’s ruling Communist Party has warned of the risks posed by advances in artificial intelligence while calling for heightened national security measures.

WASHINGTON (AP) — The House Rules Committee voted 7-6 Tuesday to advance a bill dealing with the federal debt ceiling to the full House, with two Republicans joining Democrats to oppose. The full House is expected to vote Wednesday.

PRISTINA, Kosovo (AP) — NATO will send 700 more troops to northern Kosovo to help quell violent protests after clashes with ethnic Serbs there left 30 international soldiers wounded, the alliance announced Tuesday.

CALGARY — As Danielle Smith's United Conservative Party celebrates Monday's election win in Alberta, the province's oil and gas sector remains in the dark over how much financial support the new government will offer it to decarbonize.

WASHINGTON — It may not sound like the stuff of a taut political thriller, but permitting reform — streamlining the drawn-out approval process for energy projects — has been a key plot point in Washington's latest debt-ceiling drama.